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Magna International Q2 2023 Earnings Report

Magna International logo
$42.22 +0.94 (+2.28%)
(As of 12/20/2024 05:31 PM ET)

Magna International EPS Results

Actual EPS
$1.50
Consensus EPS
$1.23
Beat/Miss
Beat by +$0.27
One Year Ago EPS
$0.83

Magna International Revenue Results

Actual Revenue
$10.98 billion
Expected Revenue
$10.45 billion
Beat/Miss
Beat by +$534.20 million
YoY Revenue Growth
+17.30%

Magna International Announcement Details

Quarter
Q2 2023
Time
Before Market Opens
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Magna International Earnings Headlines

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About Magna International

Magna International (NYSE:MGA) designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks worldwide. It operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles. The Body Exteriors & Structures segment provides body and chassis system, battery enclosures, and engineering and testing; and exteriors, including fascia and trims, front end modules, integration panels, liftgate modules, active aerodynamics, engineered glass, running boards, truck bed access products, breakthrough lightings, side doors, and greenhouse products. The Power & Vision segment offers electric drive systems and components, such as emotors, inverters, onboard chargers, gearboxes, and e-clutch; dedicated hybrid drives, dual and hybrid dual clutch, and manual transmissions; AWD/4WD products and rear drive modules; transmission, driveline components, and ICE; far camera module, remote camera heads, interior sensing camera, radars, thermal sensing, and domain controllers; interior and exterior mirrors, camera monitoring system driver/occupant monitoring systems, and smart actuators; forward and rear lighting, and lit grilles/panels/displays; latching system, door modules, charge port doors, power system, hinges, and door handles; and modular and textile folding roofs, and hard and soft tops. The Seating Systems segment provides seat structures, mechanism and hardware solutions, and foam and trim products. The Complete Vehicles segment offers vehicle engineering and manufacturing services. Magna International Inc. was founded in 1957 and is headquartered in Aurora, Canada.

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