Magna Announces Fourth Quarter 2020 Results and Outlook

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Magna International (MGA) Tops Q4 EPS by 80c, Revenues Beat; Offers FY21 Revenue Guidance Above Consensus

February 19, 2021 5:39 AM EST

Magna International (NYSE: MGA) reported Q4 EPS of $2.83, $0.80 better than the analyst estimate of $2.03. Revenue for the quarter came in at $10.57 billion versus the consensus estimate of $10.12 billion.

Fourth Quarter 2020 Highlights

Sales of $10.6 billion increased 12%, compared to higher global light vehicle production of 4%Diluted earnings per share of $2.45, compared to $1.43 in the fourth quarter of 2019Adjusted diluted earnings per share of $2.83, more than double the fourth quarter of... More