Magna International (MGA) Tops Q1 EPS by 6c, Revenues Beat

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Go back to Magna International (MGA) Tops Q1 EPS by 6c, Revenues Beat

Magna Announces First Quarter 2020 Financial Results

May 7, 2020 5:00 AM EDT

Sales of $8.7 billion decreased 18%, compared to global light vehicle production down 27%Estimated COVID-19 impacts of approximately $1.1 billion on sales, $250 million on income from operations before income taxes and Adjusted EBITCash from operations of $639 million, an 8% increase over the first quarter of 2019

AURORA, Ontario, May 07, 2020 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the first quarter ended March 31, 2020. Please click HERE for full first quarter Financial Statements and MD&A.

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