Skip to main content

Magna International Inc(MG-T)
TSX

Today's Change
Real-Time Last Update

Stocks in play: Magna International Inc.

Baystreet - Mon Feb 12, 8:55AM CST

Reported financial results for the fourth quarter ended December 31, 2023. Sales increased 9% to $10.5 billion, compared to 7% increase in global light vehicle production. Sales increased 4% excluding foreign currency translation and acquisitions net of divestitures. Diluted earnings per share and Adjusted diluted earnings per share increased to $0.94 and $1.33, respectively, compared to $0.33 and $0.94 last year. Paid $133 million in dividends. Raised quarterly cash dividend to $0.475 per share. Magna International Inc. shares T.MG are trading down $0.06 at $73.52.

Provided Content: Content provided by Baystreet. The Globe and Mail was not involved, and material was not reviewed prior to publication.

More from The Globe