US EditionMagna tops quarterly profit, sales estimates on auto parts demand
Magna said stronger foreign exchange and resilient auto parts demand helped offset lower vehicle production and tariff costs.
- Magna International Inc. reported a loss of US$12 million in the quarter ended March 31, compared to a profit of US$146 million a year earlier, equating to a loss of four cents per diluted share versus a profit of 52 cents previously.
- On an adjusted basis, Magna earned US$1.38 per share in the latest quarter, surpassing the adjusted profit of 78 cents per share from the prior year.
- Quarterly sales rose to US$10.38 billion from US$10.07 billion in the same quarter of 2025.
- Magna now forecasts 2026 sales between US$41.5 billion and US$43.1 billion, slightly lower than its earlier estimate of US$41.9 billion to US$43.5 billion.
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Magna International (NYSE:MGA) Releases Quarterly Earnings Results, Beats Expectations By $0.37 EPS
Magna International (NYSE:MGA - Get Free Report) (TSE:MG) issued its quarterly earnings data on Friday. The company reported $1.38 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.37. Magna International had a return on equity of 12.73% and a net margin of 1.99%.During the same period in the previous year, the firm earned $0.78 earnings per share. Magna International's revenue was up 3.1% on a year-over-ye…
Bowen Island Undercurrent
Magna lowers sales outlook amid ongoing economic headwinds
Magna International Inc.'s stock price fell after the auto parts company swung to a loss in its latest quarter and lowered its sales outlook for the year. The Aurora, Ont.-based company's shares were down more than six per cent at $81.
Magna International announces on Friday a loss attributable to the company of 12 million US in its last quarter, against a profit of 146 million US a year earlier.
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