MGA

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AURORA, Ontario, Nov. 05, 2026 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) announces today the Toronto Stock Exchange's (the "TSX") acceptance of its notice of intention to renew its normal course issuer bid (the "Notice"). Pursuant to the Notice, Magna may purchase up to 25,778,000 Magna Common Shares (the "NCIB"), representing approximately 10% of its public float. As at October 31, 2026, Magna had 258,383,499 issued and outstanding Common Shares, including a public float of 257,862,127 Common Shares.

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AURORA, Ontario, Nov. 02, 2026 (GLOBE NEWSWIRE) -- Magna International Inc. (NYSE:MGA; TSX:MG) will host its 2026 Investor Day in New York City on Wednesday, November 11, beginning at 9 a.m. ET. The event will feature presentations by Swamy Kotagiri, President and Chief Executive Officer, Philip Fracassa, Executive Vice-President and Chief Financial Officer, and other members of the Magna leadership team.

Adjusted EBIT margin expanded 90 basis points to 6.8%. Operating cash flow reached $950 million in the third quarter.

Magna International Inc. ( MG:CA ) Q3 2026 Earnings Call October 30, 2026 8:00 AM EDT Company Participants Louis Tonelli - Vice President of Investor Relations Seetarama Kotagiri - President, CEO & Director Philip Fracassa - Executive VP & Chief Financial Officer Conference Call Participants Dan Levy - Barclays Bank PLC, Research Division James Picariello - BNP Paribas, Research Division Tamy Chen - BMO Capital Markets Equity Research Alexander Perry - BofA Securities, Research Division Gautam Narayan - RBC Capital Markets, Research Division Jonathan Goldman - Scotiabank Global Banking and Markets, Research Division Rajat Gupta - JPMorgan Chase & Co, Research Division Joseph Spak - UBS Investment Bank, Research Division Brian Morrison - TD Cowen, Research Division Mark Delaney - Goldman Sachs Group, Inc., Research Division Presentation Operator Hello, everyone. Thank you for joining us, and welcome to Magna International Third Quarter Fiscal Year 2026 Financial Results Conference Call.

Although the revenue and EPS for Magna (MGA) give a sense of how its business performed in the quarter ended September 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Magna (MGA) came out with quarterly earnings of $1.83 per share, beating the Zacks Consensus Estimate of $1.58 per share. This compares to earnings of $1.33 per share a year ago.

Highlights (1) Delivered strong third-quarter 2026 results, reflecting continued productivity improvements and disciplined execution. Sales decreased 4% to $10.1 billion, reflecting lower light vehicle production and impact of divestitures Income from operations before income taxes increased 17% to $552 million Adjusted EBIT increased 11% to $683 million, with Adjusted EBIT margin expanding 90 basis points to 6.8% Diluted earnings per share were $1.44; Adjusted EPS increased 38% to $1.83 Returned $658 million to shareholders during the quarter through dividends and share repurchases Reaffirming midpoint of full year Outlook for Adjusted EPS and increasing Free Cash Flow Outlook Board approved new Normal Course Issuer Bid to repurchase up to 10% of public float over the next 12 months AURORA, Ontario, Oct. 30, 2026 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the third quarter ended September 30, 2026.

Magna (MGA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.