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Magna International Inc.

MG.TO

Latest Trade

101.92CAD

Change

3.01(+3.04%)

Volume

419,682

Today's Range

98.06

 - 

102.08

52 Week Range

78.32

 - 

126.00

As of on the Toronto Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Magna Q3 Adjusted Earnings Per Share $0.56

Nov 5 (Reuters) - Magna International Inc <MG.TO>::MAGNA ANNOUNCES THIRD QUARTER 2021 RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $0.56.Q3 SALES FELL 13 PERCENT TO $7.9 BILLION.Q3 EARNINGS PER SHARE $0.04.Q3 EARNINGS PER SHARE VIEW $0.60, REVENUE VIEW $7.89 BILLION -- REFINITIV IBES DATA.MAGNA INTERNATIONAL INC SAYS MCCANN HAS BEEN APPOINTED EXECUTIVE VICE-PRESIDENT, CHIEF FINANCIAL OFFICER.SEES 2021 TOTAL SALES BETWEEN $35.4 - $36.4 BILLION.SEES 2021 CAPITAL SPENDING ABOUT $1.5 BILLION.SEES 2021 NET INCOME ATTRIBUTABLE TO MAGNA ABOUT $1.35 - $1.45 BILLION.VINCENT J. GALIFI, CO'S CURRENT EXECUTIVE VICE-PRESIDENT AND CHIEF FINANCIAL OFFICER HAS BEEN APPOINTED AS PRESIDENT.FY2021 SHR VIEW $4.85, REV VIEW $36.11 BLN -- REFINITIV IBES DATA.MAGNA INTERNATIONAL - IN Q3, VEHICLE PRODUCTION WAS SIGNIFICANTLY LOWER THAN ANTICIPATED LARGELY DUE TO ONGOING SEMICONDUCTOR CHIP SHORTAGES.

Veoneer Says Co Is Evaluating All Of Terms Of Qualcomm's Proposal

Sept 13 (Reuters) - Veoneer Inc <VNE.N>::VEONEER PROVIDES UPDATE REGARDING DISCUSSIONS WITH QUALCOMM.IS EVALUATING ALL OF TERMS OF QUALCOMM'S PROPOSAL.CONFIRMED THAT IT HAS RECEIVED AN UPDATED NON-BINDING PROPOSAL FROM QUALCOMM INCORPORATED.VEONEER - NO ASSURANCES CO'S DISCUSSIONS WITH QUALCOMM WILL RESULT IN A TRANSACTION THAT BOARD DIRECTORS DETERMINES SUPERIOR TO MAGNA TRANSACTION.RECEIVED UPDATED NON-BINDING PROPOSAL FROM QUALCOMM FOR ALL OUTSTANDING SHARES OF CO AT $37.00 PER SHARE IN CASH.

Magna Exec On Qualcomm's Offer To Buy Veoneer - "We Are Evaluating Our Options And Considering Next Steps In Light Of Qualcomm's Announcement" - Conf Call

Aug 6 (Reuters) - Magna International Inc <MG.TO>::MAGNA EXEC ON QUALCOMM'S OFFER TO BUY VEONEER - "WE ARE EVALUATING OUR OPTIONS AND CONSIDERING NEXT STEPS IN LIGHT OF QUALCOMM'S ANNOUNCEMENT" - CONF CALL.MAGNA EXEC SAYS GLOBAL SEMICONDUCTOR CHIP SHORTAGE WILL BE MORE IMPACTFUL TO 2021 THAN MOST IN THE INDUSTRY ANTICIPATED EARLIER THIS YEAR.MAGNA EXEC SAYS SIGNIFICANT CHIP SHORTAGES CONTINUE TO IMPACT OEM PRODUCTION INTO THE SECOND HALF OF 2021.MAGNA EXEC SAYS INDUSTRY CONTINUES TO EXPERIENCE ROBUST AUTO DEMAND AFTER THE COVID-19-INDUCED INDUSTRY CHALLENGES OF 2020.Further company coverage: MG.TO. ((Reuters.Briefs@thomsonreuters.com;)).

Veoneer Confirms Receipt Of Qualcomm Proposal

Aug 5 (Reuters) - Veoneer Inc <VNE.N>::VEONEER CONFIRMS RECEIPT OF QUALCOMM PROPOSAL.CONFIRMED THAT IT HAS RECEIVED A NON-BINDING PROPOSAL FROM QUALCOMM INCORPORATED TO ACQUIRE ALL OF OUTSTANDING SHARES OF VEONEER.BOARD OF DIRECTORS WILL EVALUATE PROPOSAL FROM QUALCOMM CONSISTENT WITH ITS LEGAL DUTIES AND TERMS OF MAGNA MERGER AGREEMENT.MERGER AGREEMENT WITH MAGNA INTERNATIONAL REMAINS IN PLACE.

Lg And Magna Sign Joint Venture Agreement And Announce Leadership Team

July 28 (Reuters) - LG Electronics Inc <066570.KS>::LG AND MAGNA SIGN JOINT VENTURE AGREEMENT AND ANNOUNCE LEADERSHIP TEAM.LG ELECTRONICS-NEW CO, TO BE CALLED LG MAGNA E-POWERTRAIN, IS HEADQUARTERED IN INCHEON, SOUTH KOREA AND WILL BE LED BY STRONG MANAGEMENT TEAM.LG ELECTRONICS - LG MAGNA E-POWERTRAIN WILL BE MADE UP OF MORE THAN 1,000 EMPLOYEES IN UNITED STATES, SOUTH KOREA AND CHINA.LG ELECTRONICS - CEO CHEONG WON-SUK LEADING NEW COMPANY.

Veoneer Q2 Reports Net Sales Increase By 116% To $398 Mln

July 23 (Reuters) - Veoneer Inc <VNE.N>::Q2 NET SALES $398 MILLION, NET SALES INCREASE 116%, ORGANIC SALES 108%.FOR FY 2021 ORGANIC SALES GROWTH YOY IS EXPECTED TO EXCEED 25%.ENTERS INTO A DEFINITIVE MERGER AGREEMENT UNDER WHICH MAGNA INTERNATIONAL INC. WILL ACQUIRE VEONEER.OPERATING LOSS IS EXPECTED TO IMPROVE IN 2021 FROM 2020, CASH BALANCE IS EXPECTED TO EXCEED $400 MILLION AT 2021 YEAR-END.ORDER INTAKE IN 2021 IS EXPECTED TO INCREASE FROM 2020.OPERATING LOSS FOR QUARTER OF $92 MILLION INCREASED BY $28 MILLION AS COMPARED TO 2020.FOR FY 2021 ACTIVE SAFETY ORGANIC SALES GROWTH YOY IS EXPECTED TO BE IN RANGE OF 40-45%.VEONEER - SUPPLY CONSTRAINTS ARE LIKELY TO REMAIN INTO THE SECOND HALF OF 2021 ALTHOUGH WE DO EXPECT A GRADUAL RECOVERY TO TAKE PLACE.

Magna To Acquire Veoneer In Deal Representing A Total Value Of $ 3.8 Bln

July 22 (Reuters) - Veoneer Inc <VNE.N>::MAGNA TO ACQUIRE VEONEER, POSITIONING MAGNA'S ADAS BUSINESS AS A GLOBAL LEADER IN A FAST-GROWING INDUSTRY.MAGNA WILL ACQUIRE ALL OF ISSUED AND OUTSTANDING SHARES OF VEONEER FOR $ 31.25 PER SHARE IN CASH.ANNOUNCED THAT THEY HAVE ENTERED INTO A DEFINITIVE MERGER AGREEMENT UNDER WHICH MAGNA WILL ACQUIRE VEONEER.DEAL REPRESENTING A TOTAL VALUE OF $ 3.8 BILLION, AND AN ENTERPRISE VALUE OF $ 3.3 BILLION.EXPECT TO REALIZE ANNUAL RUN-RATE SYNERGIES OF APPROXIMATELY $100 MILLION BY 2024.MAGNA EXPECTS TO OPERATE VEONEER'S ARRIVER SENSOR PERCEPTION AND DRIVE POLICY SOFTWARE PLATFORM AS AN INDEPENDENT BUSINESS UNIT.VEONEER WILL BE COMBINED WITH MAGNA'S EXISTING ADAS BUSINESS AND INTEGRATED INTO MAGNA'S ELECTRONICS OPERATING UNIT.TRANSACTION HAS BEEN UNANIMOUSLY APPROVED BY VEONEER AND MAGNA BOARDS OF DIRECTORS.VEONEER'S BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT VEONEER STOCKHOLDERS APPROVE PROPOSED MERGER AND MERGER AGREEMENT.TRANSACTION IS EXPECTED TO CLOSE NEAR END OF 2021.

Magna Reports Q1 Earnings Per Share $2.03

May 6 (Reuters) - Magna International Inc <MG.TO>::MAGNA ANNOUNCES FIRST QUARTER 2021 RESULTS.Q1 SALES ROSE 18 PERCENT TO $10.2 BILLION.Q1 EARNINGS PER SHARE $2.03.INCREASED 2021 OUTLOOK TO REFLECT MODESTLY HIGHER SALES AND ADJUSTED EBIT MARGIN EXPECTATIONS.INCREASED 2021 OUTLOOK TO REFLECT MODESTLY HIGHER SALES AND ADJUSTED EBIT MARGIN EXPECTATIONS.Q1 GLOBAL LIGHT VEHICLE PRODUCTION WAS UP 18% DRIVEN BY AN 87% INCREASE IN CHINA.SEES 2021 TOTAL SALES $40.2 BILLION - $41.8 BILLION.SEES 2021 CAPITAL SPENDING OF ABOUT $1.6 BILLION.QTRLY ADJUSTED DILUTED EARNINGS PER SHARE $1.86.SEES 2021 NET INCOME ATTRIBUTABLE TO MAGNA $2.2 BILLION - $2.4 BILLION.Q1 EARNINGS PER SHARE VIEW $1.52, REVENUE VIEW $9.52 BILLION -- REFINITIV IBES DATA.FY2021 EARNINGS PER SHARE VIEW $7.42, REVENUE VIEW $40.64 BILLION -- REFINITIV IBES DATA.

Magna Reports Q4 Adjusted Earnings Per Share $2.83

Feb 19 (Reuters) - Magna International Inc <MG.TO>::MAGNA ANNOUNCES FOURTH QUARTER 2020 RESULTS AND OUTLOOK.Q4 ADJUSTED EARNINGS PER SHARE $2.83.Q4 EARNINGS PER SHARE $2.45.Q4 SALES $10.6 BILLION VERSUS REFINITIV IBES ESTIMATE OF $10 BILLION.Q4 EARNINGS PER SHARE ESTIMATE $2.00 -- REFINITIV IBES DATA.RAISED QUARTERLY CASH DIVIDEND BY 8% TO $0.43 PER SHARE.SEES FY 2021 TOTAL SALES $40.0 - $41.6 BILLION.SEES 2021 NET INCOME ATTRIBUTABLE TO MAGNA BETWEEN $2.1 BILLION - $2.3 BILLION.FY2021 REVENUE VIEW $38.41 BILLION -- REFINITIV IBES DATA.

Fisker And Magna Enter Into Definitive Agreements

Dec 17 (Reuters) - Fisker Inc <FSR.N>::FISKER AND MAGNA ENTER INTO DEFINITIVE AGREEMENTS.FISKER INC - FISKER AND MAGNA ACHIEVED PRELIMINARY PRODUCT SPECIFICATION (PPS) ENGINEERING GATEWAY ON SCHEDULE IN NOVEMBER 2020.FISKER INC - FISKER AND MAGNA SIGN DEFINITIVE PLATFORM AGREEMENT AND INITIAL MANUFACTURING AGREEMENT.FISKER INC - FISKER OCEAN WILL INITIALLY BE MANUFACTURED EXCLUSIVELY BY MAGNA IN EUROPE.FISKER INC - OCEAN GLOBAL PAID RESERVATIONS NOW STANDING AT MORE THAN 10,400.FISKER INC - FISKER PLANS TO UNVEIL A PRODUCTION-INTENT PROTOTYPE OF OCEAN IN SUMMER OF 2021..

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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