Earnings ·
Reports Q3 Adjusted EPS of $1.83, raises FCF outlook, declares $0.495 quarterly dividend
MGAMagna International Inc
Magna International reported third-quarter sales of $10.1 billion and diluted earnings per share of $1.44. Adjusted EBIT rose 11% to $683 million with margins expanding to 6.8%, while adjusted EPS increased 38% to $1.83. The company reaffirmed its full-year adjusted EPS midpoint, raised its free cash flow outlook, and announced a new normal course issuer bid to repurchase up to 10% of public float. Additionally, the board declared a quarterly dividend of $0.495 per share payable on November 27, 2026. Magna is one of the world's largest automotive suppliers providing vehicle systems and components.