Magna Int'l (MGA) Misses Q4 EPS by 12c, Revs Beat
Magna Int'l (NYSE: MGA) reported Q4 EPS of $1.24, $0.12 worse than the analyst estimate of $1.36. Revenue for the quarter came in at $9.25 billion versus the consensus estimate of $9.21 billion.
2017 OUTLOOK
Light Vehicle Production (Units) | |||
North America | 17.7 million | ||
Europe | 21.7 million | ||
Production Sales | |||
North America | $19.2 - $19.8 billion | ||
Europe | $8.7 - $9.1 billion | ||
Asia | $2.2 - $2.4 billion | ||
Rest of World | $0.3 - $0.4 billion | ||
Total Production Sales | $30.4 - $31.7 billion | ||
Complete Vehicle Assembly Sales | $2.7 - $3.0 billion | ||
Total Sales | $36.0 - $37.7 billion | ||
EBIT Margin(2) | Approximately 8% | ||
Interest Expense, net | Approximately $90 million | ||
Tax Rate | 25% - 26% | ||
Capital Spending | Approximately $2.0 billion | ||
(2) Earnings Before Interest and Taxes ("EBIT") represents net income before income taxes and interest expense, net. EBIT Margin is the ratio of EBIT to Total Sales. |
For earnings history and earnings-related data on Magna Int'l (MGA) click here.