Magna International Q2 2023 Earnings Report

Magna International EPS Results

• Actual EPS: C$2.02
• Consensus EPS: C$1.64
• Beat/Miss: Beat by +C$0.38
• One Year Ago EPS: N/A

Magna International Revenue Results

• Actual Revenue: $14.75 billion
• Expected Revenue: $13.59 billion
• Beat/Miss: Beat by +$1.16 billion
• YoY Revenue Growth: N/A

Magna International Announcement Details

• Quarter: Q2 2023
• Date: 8/4/2023
• Time: N/A

Magna International (TSE:MG) prides itself on a highly entrepreneurial culture and a corporate constitution that outlines distribution of profits to various stakeholders. This automotive supplier's product groups include exteriors, interiors, seating, roof systems, body and chassis, powertrain, vision and electronic systems, closure systems, electric vehicle systems, tooling and engineering, and contracted vehicle assembly. Roughly 46% of Magna's revenue comes from North America while Europe accounts for approximately 43%.