MAGNA INTERNATIONAL INC

Magna International Inc. announced the renewal of its Normal Course Issuer Bid (NCIB), allowing for the repurchase of up to 25,778,000 common shares, representing approximately 10% of its public float. The renewed bid is set to commence on November 9, 2026, and will conclude by November 8, 2027. Purchases will be made on the Toronto Stock Exchange (TSX) and New York Stock Exchange (NYSE) or other trading systems. Magna also established an automatic share purchase plan to manage repurchases during periods when it might otherwise be restricted. The company's current NCIB, which began in November 2025, is set to expire on November 6, 2026, having successfully repurchased all 25,300,000 authorized shares.

Magna International Inc. reported strong second-quarter 2026 results with total sales reaching $10.98 billion, a 3.3% increase year-over-year. Diluted earnings per common share rose significantly by 27.4% to $1.72, while adjusted EPS increased by 29.2% to $1.86. The company also saw a substantial improvement in Free Cash Flow, which more than doubled to $617 million, despite recording a loss on assets held for sale and restructuring costs.

Magna International Inc. reported strong second-quarter 2026 results, with sales increasing 3% to $11.0 billion and Adjusted EBIT rising 16% to $677 million. The company achieved a record Adjusted EPS of $1.86, up 29% year-over-year, and generated $617 million in Free Cash Flow. Reflecting confidence in its performance, Magna raised its full-year 2026 outlook for Adjusted EBIT margin, Adjusted EPS, and Free Cash Flow, while updating sales guidance to account for foreign exchange impacts and divestiture timing.

Magna International Inc. reported strong second-quarter 2026 results, with sales increasing 3% to $11.0 billion and a record Adjusted EPS of $1.86, up 29%. The company also saw Adjusted EBIT rise 16% to $677 million, with margin expanding 70 basis points to 6.2%. Reflecting this performance and confidence, Magna raised its full-year 2026 outlook for Adjusted EBIT margin, Adjusted EPS, and Free Cash Flow, while returning $598 million to shareholders.

Magna International Inc. announced the scheduling of its second quarter 2026 financial results webcast for Friday, July 31, 2026, at 8:00 AM ET. The company provided details for webcast registration and participant dial-in, including a toll-free option and a conference ID. A replay of the webcast will be available for one week following the live event, and presentation slides will be posted on their investor relations website prior to the call.

Magna has secured a Driver and Occupant Monitoring System (DMS/OMS) program with a European OEM, marking a significant expansion of its global vehicle platform presence. This award positions Magna's mirror-integrated DMS/OMS as a foundational solution for next-generation vehicle architectures, combining behind-the-glass camera technology with software-enabled functionality. The system aims to enhance driver and occupant awareness while managing system complexity and supporting future software-defined vehicle capabilities, addressing growing safety and regulatory demands.

Magna International Inc. announced the results of its 2026 annual meeting of shareholders, where all 12 director nominees were elected. Shareholders also approved the reappointment of Deloitte as the independent auditor and the advisory "Say on Pay" resolution, both by substantial majorities. Following the meeting, the Board confirmed key leadership positions and appointed new committee chairs due to a retirement.

Magna International Inc. announced the voting results from its 2026 annual meeting of shareholders, where 79.21% of common shares were represented. Shareholders approved all items of business, including the election of all 12 director nominees, the reappointment of Deloitte as independent auditor, and the advisory "Say on Pay" resolution, each by a substantial majority. Following the meeting, the Board confirmed key leadership roles and appointed new committee chairs due to a retirement.

Magna International reported a net loss of $12 million for Q1 2026, a significant decline from a net income of $146 million in Q1 2025. This loss was primarily driven by a $485 million impairment charge related to the planned divestment of its European Lighting and Rooftop Systems businesses, and its Lighting business in North America, South America, and China. Despite the net loss, adjusted EBIT increased to $558 million, and adjusted EPS rose to $1.38, indicating underlying operational improvements.

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.