Earnings ·
Magna posts Q3 adjusted EPS of $1.83, raises FY26 FCF outlook to $1.85B-$1.90B
MGAMagna International Inc
Magna International reported third-quarter sales of $10.1 billion and adjusted earnings per share of $1.83, a 38% increase from the prior year period. Adjusted EBIT rose 11% to $683 million with margins expanding 90 basis points to 6.8%. The company generated $584 million in free cash flow and returned $658 million to shareholders through dividends and share repurchases. Management updated its full-year outlook, narrowing the adjusted EBIT margin range to 6.3%-6.5% while raising the free cash flow target to $1.85 billion-$1.90 billion. The Board approved a new normal course issuer bid for up to 25.8 million shares. Magna International Inc. is a global automotive supplier of vehicle subsystems, modules, assemblies and design services.