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Magna International Inc (MGA.N)

MGA.N on New York Stock Exchange

48.02USD
25 Jul 2017
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Latest Key Developments (Source: Significant Developments)

Magna establishes automatic share purchase plan
Thursday, 29 Jun 2017 05:00pm EDT 

June 29 (Reuters) - Magna International Inc ::Magna establishes automatic share purchase plan.Established a pre-defined automatic securities purchase plan with a designated broker.To plan is facilitate repurchase of co's common shares under co's current normal course issuer bid.Magna International -under bid, which commenced on Nov. 15, 2016 & which terminates on Nov. 14, 2017, are authorized to repurchase up to 38 million shares.  Full Article

Magna Q1 earnings per share $1.53
Thursday, 11 May 2017 08:00am EDT 

May 11 (Reuters) - Magna International Inc :Magna announces first quarter results.Q1 earnings per share $1.53.Q1 sales $9.37 billion versus i/b/e/s view $9.15 billion.Q1 earnings per share view $1.34 -- Thomson Reuters I/B/E/S.Magna international inc sees 2017 total sales $36.6 - $38.3 billion.Magna international inc sees 2017 capital spending approximately $2.0 billion.Magna international inc sees 2017 adjusted ebit margin 8.0% - 8.2%.Magna international inc sees 2017 total production sales $30.8 - $32.1 billion.Magna international inc sees 2017 north america light vehicle production 17.5 million units, 21.9 million units in europe.Fy2017 revenue view $37.10 billion -- Thomson Reuters I/B/E/S.  Full Article

Magna International enters into JV with Chinese seating supplier
Friday, 28 Apr 2017 08:00am EDT 

April 28 (Reuters) - Magna International Inc :Says magna enters joint venture with chinese seating supplier.Says entered into a joint venture cooperation agreement with china's hubei aviation precision machinery co., ltd.  Full Article

Magna qtrly diluted EPS from continuing operations $1.24
Friday, 24 Feb 2017 05:00am EST 

Magna International Inc : Magna announces fourth quarter and 2016 results . Q4 sales $9.25 billion versus I/B/E/S view $9.21 billion . Sees fy total sales $36.0 billion - $37.7 billion . Sees fy capital spending approximately $2.0 billion . Expect 2017 to be a strong year for magna . Sees 2017 total production sales of $30.4 billion- $31.7 billion . Sees fy north america light vehicle production 17.7 million . Sees fy europe light vehicle production 21.7 million units .Qtrly diluted earnings per share from continuing operations $1.24.  Full Article

Magna Q2 diluted EPS from continuing operations $1.41
Friday, 5 Aug 2016 05:00am EDT 

Magna International Inc : Magna announces record second quarter and year to date results . Q2 sales $9.4 billion versus i/b/e/s view $9.24 billion . Q2 diluted earnings per share from continuing operations $ 1.41 . Magna international inc sees 2016 North America light vehicle production 18.0 million units . Sees 2016 total production sales $30.6 - $31.9 billion . Sees 2016 capital spending $1.8 - $2.0 bln . Sees 2016 total sales $35.5 - $37.2 bln . Magna international inc sees 2016 europe light vehicle production 21.4 million units .Fy2016 revenue view $36.15 billion -- Thomson Reuters I/B/E/S.  Full Article

Magna International Inc gives FY 2016 revenue guidance in line with analysts' estimates
Wednesday, 13 Jan 2016 07:00am EST 

Magna International Inc:Expects FY 2016 total sales of $34.6 billion - $36.3 billion.FY 2016 revenue of $35.3 billion - Thomson Reuters I/B/E/S.  Full Article

Magna International Inc forms seating Joint Venture in China
Wednesday, 25 Nov 2015 04:53pm EST 

Magna International Inc:Forms seating joint venture in China.Co and Chongqing hongli zhixin automotive parts manufacture co., ltd. announced signing of a 50/50 joint-venture.Says joint-venture to provide seating systems and seating components to changan Ford and other customers in China.  Full Article

Magna International Inc announces senior notes offering
Tuesday, 17 Nov 2015 05:01pm EST 

Magna International Inc:Entered into an underwriting agreement providing for the issuance of EUR550 million aggregate principal amount of its senior unsecured notes.Notes will bear interest at an annual rate of 1.900% and will mature on November 24, 2023.Net proceeds from the offering for general corporate purposes, including capital expenditures and the previously announced acquisition of the Getrag Group of Companies.  Full Article

Magna International Inc signs agreement to acquire Stadco
Friday, 2 Oct 2015 09:16am EDT 

Magna International Inc:Signs agreement to acquire Stadco Automotive Ltd.Financial details of the acquisition are not being disclosed.  Full Article

Magna International Inc announces senior notes offering
Wednesday, 16 Sep 2015 05:01pm EDT 

Magna International Inc:Entered into an underwriting agreement providing for the issuance of U.S.$650 million aggregate principal amount of its senior unsecured notes.Notes will bear interest at an annual rate of 4.150% and will mature on October 1, 2025.Offering is expected to close on September 23.Intends to use the net proceeds from the offering for general corporate purposes, including capital expenditures and the previously announced acquisition of the Getrag Group of Companies.  Full Article

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