Quarterly ResultMay 1, 2026, 05:01 AM
MGA Q1 Sales +3% to $10.4B; Adj EBIT +58%; Lighting & Rooftop Divestment
AI Summary
Magna International Inc. reported strong first-quarter 2026 results, with sales increasing 3% to $10.4 billion despite a 7% decline in global light vehicle production. Adjusted EBIT rose 58% to $558 million, and Adjusted EPS increased 77% to $1.38. The company also announced the dispositions of its Lighting and Rooftop Systems businesses, resulting in a $485 million loss on assets held for sale, which led to a diluted loss per share of $0.04. Magna returned $575 million to shareholders and maintained its positive 2026 outlook.
Key Highlights
- Announced dispositions of Lighting and Rooftop Systems businesses within Power & Vision.
- Q1 2026 Sales increased 3% to $10.4 billion, despite 7% lower global light vehicle production.
- Adjusted EBIT rose 58% to $558 million, with Adjusted EBIT margin expanding 190 bps to 5.4%.
- Adjusted EPS increased 77% to $1.38; diluted loss per share was $0.04.
- Returned $575 million to shareholders through $440 million in share repurchases and $135 million in dividends.
- Free Cash Flow was $372 million, a significant improvement from $(313) million in Q1 2025.
- Power & Vision segment Adjusted EBIT increased $128 million to $252 million.
- Seating Systems segment Adjusted EBIT increased $55 million to $25 million.