Engineering spend optimization
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Magna International Q4 Earnings Call Highlights
Yahoo Finance· 2026-02-13 17:33
On profitability, Fracassa attributed margin improvement largely to operational performance gains of about 130 basis points, including progress from operational excellence and cost-savings initiatives, engineering spend optimization, and benefits from prior restructuring actions, which more than offset higher labor and other input costs. He also noted a roughly 50 basis point benefit from tariffs in the quarter due to customer recoveries for costs incurred earlier in the year, while discrete items reduced m ...