Magna international investor relations

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Magna International Inc. During the presentation, all participants will be in a listen-only mode. Afterwards, we will conduct a question-and-answer session. Louis Tonelli: Thanks. Hello, everyone, and welcome to our conference call covering our results and our outlook.

Magna international investor relations

Magna International Inc. The presentation and question and answer session will run from a. To view the webcast, participants can register by clicking here. The live stream will begin at a. Our Outlook below has been updated solely to reflect the acquisition of Veoneer Active Safety. All other assumptions and financial information are unchanged from our Outlook previously provided in our press release dated February 10, Our Outlook is intended to provide information about management's current expectations and plans and may not be appropriate for other purposes. Although considered reasonable by Magna as of the date of this document, the Outlook above and the underlying assumptions may prove to be inaccurate. Accordingly, our actual results could differ materially from our expectations as set forth herein. We do not provide a reconciliation of such forward-looking measures to the most directly comparable financial measures calculated and presented in accordance with U. To do so would be potentially misleading and not practical given the difficulty of projecting items that are not reflective of on-going operations in any future period. The magnitude of these items, however, may be significant. We are a mobility technology company built to innovate, with a global, entrepreneurial-minded team of over , 3 employees across manufacturing operations and product development, engineering and sales centres spanning 30 countries. Certain statements in this press release constitute "forward-looking information" or "forward-looking statements" collectively, "forward-looking statements".

Forward-looking statements may include financial and other projections, as well as statements regarding our future plans, strategic objectives or economic performance, or the assumptions underlying any of the foregoing, and other statements that are not recitations of historical fact.

Our mission is to use our expertise to create a better world of mobility, responsibly. We do that by developing technologies, systems and concepts that make vehicles safer and cleaner for everyone. At its very core, Magna is a company of creators, innovators and problem solvers. Our foundational entrepreneurial mindset empowers our employees to act as owners and respond to the industry transformation with agility and flexibility. This same foundational strength is what also allows us to continuously bring new innovative solutions to market and help usher in a new era of mobility. See how. Our customers have big goals, and they rely on Magna to enable their success.

Our mission is to use our expertise to create a better world of mobility, responsibly. We do that by developing technologies, systems and concepts that make vehicles safer and cleaner for everyone. At its very core, Magna is a company of creators, innovators and problem solvers. Our foundational entrepreneurial mindset empowers our employees to act as owners and respond to the industry transformation with agility and flexibility. This same foundational strength is what also allows us to continuously bring new innovative solutions to market and help usher in a new era of mobility. See how.

Magna international investor relations

All results are reported in millions of U. GAAP, and as a result may not be comparable to the calculation of similar measures by other companies. Effective July 1, , we revised our calculations of Adjusted EBIT and Adjusted diluted earnings per share to exclude the amortization of acquired intangible assets. Further information and a reconciliation of these Non-GAAP financial measures is included in the back of this press release. Our ongoing focus on operational excellence and cost initiatives helped drive strong earnings on higher sales. In addition, the Adjusted EBIT increase mainly reflected productivity and efficiency improvements, including lower costs at certain previously underperforming facilities, higher tooling contribution, higher customer recoveries net of higher production input costs, lower net warranty costs, and lower provisions against certain accounts receivable and other balances, partially offset by the negative impact of the UAW labour strikes during the fourth quarter of , higher launch, engineering and other costs associated with new assembly business, and higher restructuring costs. Net income attributable to Magna International Inc. Included in net income attributable to Magna International Inc. Excluding these amounts from both periods, net income attributable to Magna International Inc. The dividend is payable on March 8, to shareholders of record as of the close of business on February 23,

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Explore our locations. We remain laser-focused on capital to assess where we may have the opportunity to stagger, delay or eliminate capital from our plan. Please also refer to the reminder slide included in our presentation that relates to our commentary today. Hello, everyone, and welcome to our conference call covering our results and our outlook. Funds and ETFs. In other words, it's our content growth that is driving our organic sales. Patrick McCann: Thanks, Swamy, and good morning, everyone. There are currently no events scheduled. Our mission is to use our expertise to create a better world of mobility, responsibly. And expected EV penetration rates have been pushed out, which is having some negative impact on our anticipated short and midterm sales growth. Stock Information. Last year, we highlighted our significant expected sales increases in megatrend areas and the fact that our engineering spend in absolute dollars was largely unchanged through our outlook. Our foundational entrepreneurial mindset empowers our employees to act as owners and respond to the industry transformation with agility and flexibility.

Magna International Inc. All results are reported in millions of U. GAAP, and as a result may not be comparable to the calculation of similar measures by other companies.

And I'm proud that Magna received 16 leading employer recognitions this past year, including Fortune's world's most admired companies and Forbes Best Employers both for the seventh consecutive year. A spirit of entrepreneurship lives in all of us. For any Investor related information, please fill out our contact form. EPS Revisions. And in , we committed to achieve net zero emissions by Please refer to today's press release for a complete description of our Safe Harbor disclaimer. Magna International Inc. Our continued focus on operational excellence and performance on cost initiatives in addition to higher volumes is driving strong earnings on higher sales. There are currently no events scheduled. Period Day Week. FTSE 7, Transforming the way vehicles move and interact with the world around them with scalable electrified propulsion, driver assistance systems, mechatronics, mirrors and lighting. So how does all this translate in our key financial metrics? And we are on track with integration and synergies for the Veoneer acquisition.