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Magna International (TSE:MG)
TSX:MG
Earnings Data
Report Date
May 02, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.28Last Year’s EPS
1.48Same Quarter Last Year
Based on 15 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 14, 2025
|% Change Since: -3.79%
|Next Earnings Date:May 02, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive and negative elements. Notable positive aspects included strong Q4 performance, growth in China, operational improvements, and increased shareholder returns. However, these were offset by challenges such as declines in key markets, significant FX impacts, and reduced EV production expectations, leading to a cautious outlook for 2025.Company Guidance
During the Magna International fourth quarter and year-end 2024 results and 2025 outlook call, the company provided detailed guidance on various financial metrics. For the fourth quarter of 2024, sales increased by 2% to $10.6 billion, with an EBIT margin rising by 120 basis points and adjusted EBIT growing by 23%. Earnings per share (EPS) were up 27% year-over-year to $1.69, and free cash flow exceeded $1 billion. For the full year, sales were $42.8 billion, level with 2023, despite lower volumes in North America and Europe. The EBIT margin improved by 20 basis points to 5.4%, and EBIT increased by 4%, reaching over $2.3 billion. Although EPS slightly declined compared to 2023, free cash flow saw an $849 million boost. The company anticipates challenges in 2025, including a 2% decline in weighted global vehicle production and a strong U.S. dollar impacting reported sales and earnings. However, they expect further margin contributions from operational excellence activities and restructuring actions, projecting a 5.3% to 5.8% EBIT margin in 2025, with a significant step-up expected in 2026 to 6.5% to 7.2%. Capital spending is expected to normalize to about $1.8 billion in 2025, with CapEx as a percentage of sales declining to mid-4%. Over the 2024-2026 period, Magna aims to generate approximately $3.5 billion in free cash flow.Strong Q4 Performance
Q4 2024 sales increased to $10.6 billion, with a 2% weighted growth over market. EBIT margin increased 120 basis points, and adjusted EBIT rose 23%. EPS was up 27% year-over-year to $1.69, and over $1 billion in free cash flow was generated.
2024 Financial Achievements
Sales of $42.8 billion were level with 2023 despite lower volumes in North America and Europe. EBIT margin increased 20 basis points to 5.4%, and EBIT increased 4% to over $2.3 billion. Free cash flow increased by $849 million in 2024.
Growth in China
Sales in China grew by 15%, well ahead of the China market, reflecting significant exposure to fast-growing domestic OEMs.
Operational Excellence
Operational excellence activities contributed 40 basis points to margin expansion in 2024, with a further 75 basis points expected over the next two years.
Shareholder Returns
Magna returned $746 million to shareholders through dividends and share repurchases in 2024.
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TSE:MG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:MG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 14, 2025 | C$56.26 | C$53.61 | -4.71% |
| Nov 01, 2024 | C$54.38 | C$57.91 | +6.50% |
| Aug 02, 2024 | C$58.30 | C$54.82 | -5.97% |
| May 03, 2024 | C$64.09 | C$61.85 | -3.49% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Magna International (TSE:MG) report earnings?
Magna International (TSE:MG) is schdueled to report earning on May 02, 2025, TBA Not Confirmed.
What is Magna International (TSE:MG) earnings time?
Magna International (TSE:MG) earnings time is at May 02, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:MG EPS forecast?
TSE:MG EPS forecast for the fiscal quarter 2025 (Q1) is 1.28.
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