Magna International

Magna International prides itself on an entrepreneurial culture and a corporate constitution that outlines the 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 contract vehicle assembly. In 2024, 48% of Magna's USD 42.8 billion of revenue came from North America, while Europe accounted for approximately 37% and Asia the remainder. The firm's top six customers constituted 72.9% of revenue, with the top three being GM, Mercedes, and Ford. GM was the largest contributor at 15.4%. Magna was founded in 1957, has over 170,000 employees, and is based in Aurora, Ontario.

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Magna International reported a 2% year-on-year sales growth for Q4 FY24, reaching $10.63 billion, surpassing expectations. Adjusted EPS of $1.69 exceeded the consensus of $1.52.

Auto Parts Maker Magna Q4 Earnings: Beats Expectations, Slashes 2026 Sales Target Again Amid EV Uncertainty, Market Shifts

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Magna Announces Date for Q3 2024 Results Call

Magna Debuts Scalable, Eco-Friendly ICE to Hybrid Transmission for European OEM

Magna Announces Third Quarter 2024 Results

Magna Announces New 10% Normal Course Issuer Bid and Automatic Share Purchase Plan

Magna Accelerates Hybrid Innovation With First Dedicated Drive System Award

Magna International Inc. Announces Date for Q4 & Year End 2024 Results and 2025 Outlook Webcast

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