Overview

* Magna Q3 sales rise 2% to $10.5 bln, beating analyst expectations

* Adjusted EPS for Q3 beats estimates, rising 4% to $1.33

* Company announces plan to repurchase up to 10% of public float

Outlook

* Magna raises 2025 sales forecast to $41.1 - $42.1 bln

* Company projects 2025 adjusted EBIT margin of 5.4% - 5.6%

* Magna anticipates robust free cash flow to support future growth

Result Drivers

* SALES GROWTH - Sales increased 2% to $10.5 bln, driven by new program launches and favorable currency exchange rates

* ADJUSTED EBIT INCREASE - Adjusted EBIT rose 3% to $613 mln due to productivity improvements and higher equity income

* CHALLENGES - End of production for certain models and lower assembly volumes affected sales

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Beat $10.50 $10.13

bln bln (11

Analysts

)

Q3 Beat $1.33 $1.21

Adjusted (13

EPS Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy."

* The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)