Magna International (NYSE: MGA) reported Q4 EPS of $1.63, $0.03 better than the analyst estimate of $1.60. Revenue for the quarter came in at $10.1 billion versus the consensus estimate of $10.2 billion. ​

• Record fourth quarter sales of $10.1 billion up 5% from the fourth quarter of 2017
• Cash from operations of $1.6 billion
• Returned $585 million to shareholders through share repurchases and dividends
• Raised quarterly cash dividend by 11% to $0.365 per share

“We posted a number of records in 2018 including sales that surpassed $40 billion, earnings and free cash flow generation. We also continued to optimize our product portfolio and to enhance value for shareholders with the announced divestiture of our Fluid Pressure and Controls business, as well as investments in smaller technology-oriented businesses. Looking forward, we are well-positioned to continue to grow with our traditional customers as well as new entrants to the industry.” - Don Walker, Magna's Chief Executive Officer

GUIDANCE:

Magna International sees FY2019 revenue of $40.2-42.4 billion, versus the consensus of $41.17 billion.

For earnings history and earnings-related data on Magna International (MGA) click here.