Magna International (MGA) Misses Q4 EPS by 29c
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Magna Announces Board Leadership and Other Changes
February 11, 2022 5:05 AM ESTBoard Chair, William L. Young, not standing for re-electionAudit Committee Chair, Robert F. MacLellan, selected by Board to succeed as Board Chair in MayDr. Thomas Weber has been appointed to Board
AURORA, Ontario, Feb. 11, 2022 (GLOBE NEWSWIRE) -- Magna announced today upcoming changes to the leadership of its Board of Directors, ahead of the companys annual meeting scheduled for May 3, 2022.
... MoreMagna Announces Fourth Quarter 2021 Results and Outlook
February 11, 2022 5:00 AM ESTFourth Quarter 2021 Highlights
Sales of $9.1 billion decreased 14%, compared to a 17% decrease in global light vehicle productionDiluted earnings per share and Adjusted diluted earnings per share of $1.54 and $1.30, respectively, compared to $2.45 and $2.83 last yearReturned $378 million to shareholders through share repurchases and dividendsRaised quarterly cash dividend by 5% to $0.45Â per shareFull Year 2021 Highlights
Sales of $36.2 billion increased 11%, compared to global vehicle production which increased 4%Diluted earnings per share and Adjusted diluted earnings per share of $5.00 and $5.13, respectively, compared to $2.52 and $3.95 last yearReturned over $1 billion to... More