06:15 AM EDT, 10/31/2025 (MT Newswires) -- Magna (MG.TO, MGA) on Friday reported a 4% increase in third-quarter adjusted diluted earnings per share on higher sales, supported by rising global light vehicle production.

Adjusted diluted earnings per share was US$1.33, rising from $1.28. Net income attributable to Magna was $305 million, down from $484 million.

Sales also grew to $10.46 billion from $10.28 billion. Adjusted EBIT came in at $613 million, up from $594 million.

Magna attributed the increase in adjusted EBIT to productivity and efficiency improvements and higher equity income, partially offset by commercial items in the third quarters of 2025 and 2024 and higher tariff costs.

The company increased its 2025 outlook for sales and adjusted net income attributable to Magna. Sales are expected to be $41.1 billion-$42.1 billion in 2025, up from the previous guidance of $40.4 billion-$42.0 billion. Adjusted net income attributable to Magna is forecast at $1.45 billion-$1.55 billion, an increase from the previous guidance of $1.35 billion-$1.55 billion.