Magna Int'l (MGA) Tops Q2 EPS by 7c

August 5, 2016 6:08 AM EDT

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Magna Int'l (NYSE: MGA) reported Q2 EPS of $1.41, $0.07 better than the analyst estimate of $1.34. Revenue for the quarter came in at $9.44 billion versus the consensus estimate of $9.24 billion.

UPDATED 2016 OUTLOOK

Light Vehicle Production (Units)

North America

18.0 million

Europe

21.4 million

Production Sales

North America

$19.4 - $20.0 billion

Europe

$8.8 - $9.2 billion

Asia

$2.1 - $2.3 billion

Rest of World

$0.3 - $0.4 billion

Total Production Sales

$30.6 - $31.9 billion

Complete Vehicle Assembly Sales

$2.0 - $2.3 billion

Total Sales

$35.5 - $37.2 billion

EBIT Margin(2)

Approximately 8%

Interest Expense, net

Approximately $90 million

Tax Rate(2)

Approximately 26%

Capital Spending

$1.8 - $2.0 billion

(2)

Excluding other expense, net

For earnings history and earnings-related data on Magna Int'l (MGA) click here.



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