Tuesday, October 1, 2019

Magna International Inc.- MG.t

Magna International Inc.- MG.t is a global automotive supplier headquartered in Aurora, Ontario, Canada.

In 2015 it was the largest automobile parts manufacturer in North America by sales of original equipment parts, and one of Canada's largest companies.

On August 8, 2019 the company released numbers

  • Sales of $10.1 billion decreased 1%, compared to global light vehicle production down 6%
  • Excluding foreign currency translation and divestitures net of acquisitions, sales up 5% with each segment outpacing global light vehicle production
  • Cash provided from operating activities of $920 million
  • Returned $519 million to shareholders through share repurchases and dividends
  • Outlook largely unchanged