MGA - Magna International Inc.

NYSE - NYSE Delayed Price. Currency in USD
51.18
+2.42 (+4.96%)
At close: 04:00PM EDT
51.10 -0.08 (-0.16%)
After hours: 04:21PM EDT
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Previous Close48.76
Open49.64
Bid50.95 x 800
Ask53.01 x 1400
Day's Range49.64 - 51.30
52 Week Range45.58 - 68.92
Volume1,328,833
Avg. Volume1,127,073
Market Cap14.642B
Beta (5Y Monthly)1.63
PE Ratio (TTM)31.79
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield1.84 (3.77%)
Ex-Dividend DateMay 18, 2023
1y Target EstN/A
  • GlobeNewswire

    Magna Completes Acquisition of Veoneer Active Safety Business

    Magna Completes Acquisition Magna strengthens global active safety position with acquisition Broadens Magna’s active safety portfolioStrengthens Magna’s global position as a top active safety supplierIncreases scale of sensor, software and systems engineering capabilities AURORA, Ontario, June 01, 2023 (GLOBE NEWSWIRE) -- Magna strengthens its active safety business with the completion of its acquisition of Veoneer Active Safety from SSW Partners. The deal, which closed today, positions Magna as

  • GlobeNewswire

    Magna Announces 2023 Annual Meeting Results

    AURORA, Ontario, May 11, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2023 annual meeting of shareholders held on May 11, 2023. A total of 226,558,449 Common Shares or 79.18% of our issued and outstanding Common Shares were represented in person or by proxy at the meeting. Shareholders voted in favour of each item of business, as follows: a. Election of Directors NomineeVotes FORNomineeVotes FORPeter G. Bowie99.05%Mary Lou Maher99

  • GlobeNewswire

    Magna Announces First Quarter 2023 Results

    Swamy Kotagiri, Magna’s Chief Executive Officer "Our strong first quarter operating performance reflects strong earnings on higher organic sales. More importantly, we are taking targeted actions to reduce expenses and optimize our cost structure. Our increased outlook is based on the strength of our first quarter results and the expected benefit of these targeted actions. We are highly focused on executing our strategy and remain confident in our ability to meet our long-term growth and margin o

  • GlobeNewswire

    Magna Awarded New High-Voltage eDrive Business With Europe-Based Global OEM

    New Magna eDrive System The production of the new eDrive System will start 2026 in Austria and Slovakia Coming to market on 2027 model SUVs and sedansEnables fast reconnect through new decoupling systemPower range from 100 kW to 140 kW, optimized for 800V, delivers affordable costs AURORA, Ontario, May 03, 2023 (GLOBE NEWSWIRE) -- Magna is taking electrification to the next level of efficiency and range to help meet evolving customer requirements. Today, the company has announced it has been awa

  • GlobeNewswire

    Magna Celebrates a Production Milestone: 500,000 Mercedes G-Class Vehicles

    Magna's Graz Production Facility Magna milestone reached: 500,000 Mercedes G-Class vehicles produced A half a million G-Class vehicles have rolled out of GrazSignificant milestone in the long-term partnership with Mercedes-BenzMilestone reflects Magna´s long history as leading contract manufacturer GRAZ, Austria, April 20, 2023 (GLOBE NEWSWIRE) -- The Mercedes G-Class is one of the most iconic luxury SUVs globally and has been built by Magna since 1979. The legendary off-road vehicle entered its

  • GlobeNewswire

    Magna Announces Date for Q1 2023 Results Call

    AURORA, Ontario, April 17, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA ANNOUNCES DATE FORQ1 2023 RESULTS CALL FRIDAY – MAY 5, 20238:00 AM ET DIAL IN NUMBERSToll-Free: 1-800-584-0405International: 1-416-981-9017Webcast: www.magna.com Slide presentation will be available on our website prior to the call REBROADCAST INFORMATIONReplay available 2 hours after the call until May 12, 2023Toll-Free: 1-800-558-5253International: 1-416-626-4100Reservation No.: 22026746 INVE

  • GlobeNewswire

    Magna Adds to Its Complete Vehicle Manufacturing Lineup With an All-New Electric Vehicle From INEOS Automotive

    Magna's Graz Facility Magna to engineer and build INEOS Automotive's off-road electric vehicle New business award includes engineering and manufacturing of the INEOS Automotive electric off-road vehicleProduction expected to start in 2026Builds on Magna’s expertise as the largest multi-OEM complete vehicle manufacturer AURORA, Ontario, April 17, 2023 (GLOBE NEWSWIRE) -- Magna is adding a new customer in engineering and complete vehicle manufacturing with the announcement that it has been awarded

  • GlobeNewswire

    Magna Posts 2022 Annual Report

    AURORA, Ontario, March 31, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced that its 2022 Annual Report, including Management’s Discussion and Analysis and Audited Consolidated Financial Statements, Annual Information Form (AIF) and Form 40-F, are now available on the company’s website, www.magna.com. Magna has also filed these documents with the Canadian Securities Administrators (accessible through its website at www.sedar.com) and the U.S. Securities and

  • GlobeNewswire

    Magna Announces Senior Notes Offerings

    AURORA, Ontario, March 07, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced that it has entered into underwriting agreements in respect of the offering of two series of U.S. dollar denominated senior notes (“U.S. dollar senior notes”) and one series of Euro denominated senior notes (“Euro senior notes”), as follows: Principal AmountMaturityAnnual Interest RateU.S. Dollar Senior Notes Series 1 U.S. dollar$300,000,000March 21, 20265.980%Series 2 U.S. dollar$50

  • GlobeNewswire

    Magna Announces CAD Senior Notes Offering

    NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES AURORA, Ontario, March 07, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced that it has entered into an agency agreement providing for the issuance, by way of private placement in each of the provinces of Canada, of CAD$350 million aggregate principal amount of senior unsecured notes due 2031. The notes will bear interest at an annual rate of 4.95% and will mature on Januar

  • GlobeNewswire

    Magna’s SmartAccess Power Door System Hits the Market in Style

    Magna’s SmartAccess™ power door system with first to market integrated Haptronik™ software Magna’s SmartAccess™ power door system with first to market integrated Haptronik™ software Complete power door system with first-to-market HaptronikTM motion controlMarket debut on Ferrari PurosangueRedefines the consumer access experience AURORA, Ontario, March 07, 2023 (GLOBE NEWSWIRE) -- Magna is revolutionizing vehicle access experiences with the launch of its SmartAccessTM power door system on the opp

  • GlobeNewswire

    Magna Announces Filing of Shelf Prospectus and Registration Statement

    AURORA, Ontario, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) (“Magna” or “we”) today announced that it has filed a short form base shelf prospectus with the Ontario Securities Commission (the "OSC") and a corresponding shelf registration statement with the United States Securities and Exchange Commission (the "SEC") on Form F-10. Our previous short form base shelf prospectus expired in June 2022. Once the short form base shelf prospectus is receipted by the OS

  • GlobeNewswire

    Magna Announces New Facility and Expands in Five Other Locations Across Ontario to Support New Business

    Rendering of Magna Structures Heart Lake facility in Brampton Rendering of Magna Structures Heart Lake facility in Brampton. Company awarded business in a strategic product required for electric vehiclesBuilding a new battery enclosures facility in Brampton, OntarioMore than 1,000 new jobs expected to be created across six locations AURORA, Ontario, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Today, Magna announced it is investing more than $470 million to expand its operations across Ontario, Canada. The

  • GlobeNewswire

    Magna Wins Battery Enclosures Business On First-Ever Chevrolet Silverado EV

    Magna Electric Vehicle Structures (St. Clair) Magna Electric Vehicle Structures planned expansion in St. Clair, Michigan. Magna battery enclosures on Chevrolet Silverado EV Magna battery enclosures on Chevrolet Silverado EV Manufactured at Magna’s state-of-the-art facility in St. Clair, MichiganNew Chevrolet Silverado EV business adds to existing battery enclosure production for the GMC HUMMER EVProduction to start later in 2023 AURORA, Ontario, Feb. 13, 2023 (GLOBE NEWSWIRE) -- Magna announced

  • GlobeNewswire

    Magna Announces Fourth Quarter 2022 Results and 2023 Outlook

    Swamy Kotagiri, Magna’s Chief Executive Officer “2022 was another difficult year for the auto industry as inflation climbed to levels not experienced for decades, geopolitical issues contributed to unprecedented European energy prices and OEM production schedules remained volatile. Nevertheless, we once again generated above-market sales growth, and booked a record amount of business. In 2023, we are highly focused on improving underperforming operations, limiting discretionary costs and securin

  • GlobeNewswire

    Magna Updates 2022 Outlook to Reflect Preliminary Full Year 2022 Results

    AURORA, Ontario, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced that it has updated its 2022 outlook to reflect an expected Adjusted EBIT Margin1 below the range disclosed in its press release dated November 4, 2022. Based on preliminary unaudited results, total sales for 2022 were approximately $37.8 billion, compared to the range of $37.4 to $38.4 billion disclosed in its November outlook. However, Adjusted EBIT Margin for 2022 is expected to be

  • GlobeNewswire

    Magna’s ClearView™ Vision System Comes to Market on Ram Trucks

    Magna ClearView™ The ClearView™ displays a customizable live video feed from multiple rear-facing cameras (image by Stellantis) Complete vision system with first-to-market featuresCombines interior and exterior mirrors, cameras, electronics and softwareLaunched on Ram 2500 and 3500 Heavy Duty models AURORA, Ontario, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Magna’s advanced ClearView™ vision technology designed to make vehicles smarter and safer has made its production debut on the Ram 2500 and 3500 Hea

  • GlobeNewswire

    Magna Announces Date for Q4 & Year End 2022 Results and 2023 Outlook Conference Call

    AURORA, Ontario, Jan. 10, 2023 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) MAGNA ANNOUNCES DATE FOR Q4 & YEAR END 2022 RESULTS and 2023 OUTLOOK CONFERENCE CALL FRIDAY – FEBRUARY 10, 2023 8:00 AM ET DIAL IN NUMBERSToll-Free:1-800-891-9945International:1-416-981-9017Webcast:www.magna.comSlide presentation will be available on our website prior to the call REBROADCAST INFORMATIONReplay available 2 hours after the call until February 17, 2023Toll-Free:1-800-558-5253International

  • GlobeNewswire

    Magna Morphing Surfaces Technology Offers New Possibilities in Automotive Design

    MAGNA MORPHING SURFACES TECHNOLOGY OFFERS NEW POSSIBILITIES IN AUTOMOTIVE DESIGN Magna Morphing Surfaces technology seamlessly integrates active aerodynamic components into vehicle body. Technology extends beyond what is currently possible with traditional active aerodynamic systemsSeamlessly combines shape changing components with aerodynamic elements enhancing design and functionAdvanced solution utilizing thermoplastic materials contributes to increased battery range and efficiency AURORA, On

  • GlobeNewswire

    Magna to Acquire Veoneer Active Safety Business

    Magna to Acquire Veoneer Active Safety Business Magna acquisition of Veoneer Active Safety positions Magna as a leading global ADAS supplier. Transaction aligned with Magna's Go-Forward strategy of accelerating investments in high-growth areasCombined pro forma ADAS sales projected to be approximately $3 billion in 2024Broadens Magna's ADAS portfolio with complementary products, customers, geographies, engineering and software resourcesNo significant change in leverage profile and continued ampl

  • GlobeNewswire

    Magna to Take CES 2023 by Storm With Latest Tech for a Better World of Mobility

    MAGNA TO TAKE CES 2023 BY STORM WITH LATEST TECH FOR A BETTER WORLD OF MOBILITY Magna's booth at CES Magna to display future-ready solutions at CES 2023Mobility tech company will flex the ‘Power of Magna’ across four areas of complete vehicle and systems expertiseInteractive exhibit is located in the West Hall of the Las Vegas Convention Center, booth #4425 AURORA, Ontario, Nov. 29, 2022 (GLOBE NEWSWIRE) -- Magna is gearing up among the world’s leading innovators at CES 2023 in Las Vegas, where

  • GlobeNewswire

    TSX Accepts Notice of Intention to Make Normal Course Issuer Bid

    AURORA, Ontario, Nov. 09, 2022 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG, NYSE: MGA) today announced that the Toronto Stock Exchange ("TSX") had accepted its Notice of Intention to Make a Normal Course Issuer Bid (the "Notice"). Pursuant to the Notice, Magna may purchase up to 28,445,000 Magna Common Shares (the "Bid"), representing approximately 10% of its public float. As at November 1, 2022, Magna had 285,819,254 issued and outstanding Common Shares, including a public float of 28

  • GlobeNewswire

    Magna Announces Third Quarter 2022 Results

    Swamy Kotagiri, Magna’s Chief Executive Officer “In the third quarter, we managed through an operating environment that remains challenged by ongoing production schedule volatility and elevated energy costs in Europe. We continue to take steps to address the short-term industry turbulence as well as operating inefficiencies at certain facilities, while remaining focused on our go-forward strategy and value creation.” Sales increased 17% to $9.3 billion, compared to a global light vehicle product

  • GlobeNewswire

    Magna’s 48-Volt Hybrid Transmission System Started Production With Stellantis

    Magna’s 48-Volt hybrid transmission system launches on several Stellantis models around the globe Magna’s 48-Volt hybrid transmission system launches on several Stellantis models around the globe Magna's 48-Volt hybrid dual-clutch transmission made its debut on the Jeep Renegade and Compass e-Hybrid, Fiat 500 X and TipoProduction taking place in Magna’s Slovakia facilityAgreement includes additional hybrid models in the future for Europe AURORA, Ontario, Oct. 26, 2022 (GLOBE NEWSWIRE) -- Magna’s

  • GlobeNewswire

    Q3-2022 Results Conference Call

    AURORA, Ontario, Oct. 06, 2022 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX:MG) (NYSE:MGA) Q3-2022 RESULTS CONFERENCE CALLFRIDAY – NOVEMBER 4, 20228:00 AM ET DIAL IN NUMBERS North America:International:Webcast: 1-800-926-50681-416-620-9188www.magna.com Slide presentation will be available on our website prior to the call. REBROADCAST INFORMATION Replay available 2 hours after the call until November 11, 2022 North America:International:Reservation No.: 1-800-558-52531-416-626-410022020962 I