Magna international investor relations

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Our mission is to use our expertise to create a better world of mobility, responsibly. We do that by developing technologies, systems and concepts that make vehicles safer and cleaner for everyone. At its very core, Magna is a company of creators, innovators and problem solvers. Our foundational entrepreneurial mindset empowers our employees to act as owners and respond to the industry transformation with agility and flexibility. This same foundational strength is what also allows us to continuously bring new innovative solutions to market and help usher in a new era of mobility. See how. Our customers have big goals, and they rely on Magna to enable their success.

Magna international investor relations

Magna International Inc. During the presentation, all participants will be in a listen-only mode. Afterwards, we will conduct a question-and-answer session. Louis Tonelli: Thanks. Hello, everyone, and welcome to our conference call covering our results and our outlook. Yesterday, our Board of Directors met and approved our financial results for the fourth quarter of as well as our financial outlook. We issued a press release this morning outlining both of these. You'll find the press release, today's conference call webcast, the slide presentation to go along with the call and our updated quarterly financial review all in the Investor Relations section of our website at magna. Before we get started, just as a reminder, the discussion today may contain forward-looking information or forward-looking statements within the meaning of applicable securities legislation. Such statements involve certain risks, assumptions and uncertainties, which may cause the company's actual or future results and performance to be materially different from those expressed or implied in these statements. Please refer to today's press release for a complete description of our Safe Harbor disclaimer. Please also refer to the reminder slide included in our presentation that relates to our commentary today. This morning, we will cover our highlights as well as our Q4 results. We will then provide our '24 outlook and lastly, run through our financial strategy.

Replay available 2 hours after the call until February 16, See how. FTSE 7,

Magna International Inc. The presentation and question and answer session will run from a. To view the webcast, participants can register by clicking here. The live stream will begin at a. Our Outlook below has been updated solely to reflect the acquisition of Veoneer Active Safety. All other assumptions and financial information are unchanged from our Outlook previously provided in our press release dated February 10,

All results are reported in millions of U. GAAP, and as a result may not be comparable to the calculation of similar measures by other companies. Effective July 1, , we revised our calculations of Adjusted EBIT and Adjusted diluted earnings per share to exclude the amortization of acquired intangible assets. Further information and a reconciliation of these Non-GAAP financial measures is included in the back of this press release. Our ongoing focus on operational excellence and cost initiatives helped drive strong earnings on higher sales. In addition, the Adjusted EBIT increase mainly reflected productivity and efficiency improvements, including lower costs at certain previously underperforming facilities, higher tooling contribution, higher customer recoveries net of higher production input costs, lower net warranty costs, and lower provisions against certain accounts receivable and other balances, partially offset by the negative impact of the UAW labour strikes during the fourth quarter of , higher launch, engineering and other costs associated with new assembly business, and higher restructuring costs. Net income attributable to Magna International Inc. Included in net income attributable to Magna International Inc. Excluding these amounts from both periods, net income attributable to Magna International Inc.

Magna international investor relations

Our mission is to use our expertise to create a better world of mobility, responsibly. We do that by developing technologies, systems and concepts that make vehicles safer and cleaner for everyone. At its very core, Magna is a company of creators, innovators and problem solvers. Our foundational entrepreneurial mindset empowers our employees to act as owners and respond to the industry transformation with agility and flexibility. This same foundational strength is what also allows us to continuously bring new innovative solutions to market and help usher in a new era of mobility.

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All other assumptions and financial information are unchanged from our Outlook previously provided in our press release dated February 10, Before we get started, just as a reminder, the discussion today may contain forward-looking information or forward-looking statements within the meaning of applicable securities legislation. As always, our outlook reflects both tailwinds and headwinds. Our Outlook is intended to provide information about management's current expectations and plans and may not be appropriate for other purposes. EV volumes remain uncertain, and we continue to have discussions with customers about future plans. Readers should also consider all of the risk factors which follow below the table:. Dow 30 39, Ratings for Magna International Inc. News Magna International Inc. Any such forward-looking statements are intended to provide information about management's current expectations and plans and may not be appropriate for other purposes. We use words such as "may", "would", "could", "should", "will", "likely", "expect", "anticipate", "believe", "intend", "plan", "aim", "forecast", "outlook", "project", "estimate", "target" and similar expressions suggesting future outcomes or events to identify forward-looking statements. EPS Revisions. Silver Building on our enduring strengths.

Magna International Inc. All results are reported in millions of U. GAAP, and as a result may not be comparable to the calculation of similar measures by other companies.

Nonrecurring items, which together had a net favorable impact of about 30 basis points and about 20 basis points related to lower net input costs. Patrick McCann: Thanks, Swamy, and good morning, everyone. Louis Tonelli: Thanks. FTSE 7, This morning, we will cover our highlights as well as our Q4 results. Hello, everyone, and welcome to our conference call covering our results and our outlook. Many of the same factors that are impacting consolidated sales and margins out to are also impacting our segments. Complete Vehicles. Once again, negative production mix, largely driven by the UAW strikes unfavorably impacted our year-over-year sales growth in the fourth quarter. Pat will cover those.