05:57 AM EDT, 05/02/2025 (MT Newswires) -- Magna International ( MGA ) earlier Friday reported Q1 adjusted earnings Friday of US$0.78 per diluted share, down from $1.08 a year earlier. Analysts polled by FactSet expected $0.85.

Sales for the quarter ended March 31 were near $10.1 billion, down from $10.97 billion a year earlier. Analysts surveyed by FactSet expected $9.65 billion.

The automotive parts manufacturer upped its 2025 sales guidance to between $40.0 billion and $41.6 billion, compared with its previous projection of $38.6 billion to $40.2 billion. Analysts polled by FactSet expect $39.23 billion.

Updated 2025 Outlook excludes potential impacts of tariffs including on light vehicle production, full year 2025 range of net income attributable to shareholders was left unchanged.

It said" "First quarter performance was broadly ahead of our expectations driven by strong incremental margins on better than anticipated vehicle production."