Magna International Files 6-K with Q4 2023 Results Transcript

Ticker: MGA · Form: 6-K · Filed: 2024-02-29T00:00:00.000Z

Sentiment: neutral

Topics: regulatory-filing, earnings, outlook

TL;DR

**Magna International just filed a 6-K, including the transcript from their Q4 2023 earnings call and 2024 outlook.**

AI Summary

Magna International Inc. filed a 6-K report on February 29, 2024, indicating it is a foreign private issuer. The filing includes an exhibit, Exhibit 99, which is the transcript from its Q4 & Full Year 2023 Results and 2024 Outlook Conference Call held on February 9, 2024. The report was signed by Bassem A. Shakeel, Vice-President, Associate General Counsel and Corporate Secretary.

Why It Matters

This filing provides investors with access to the detailed discussion from Magna's recent earnings call, offering insights into its financial performance and future projections.

Risk Assessment

Risk Level: low — This is a routine regulatory filing that provides transparency on past financial discussions, not indicating new risks.

Key Players & Entities

FAQ

What is the purpose of this 6-K filing by Magna International Inc.?

The 6-K filing by Magna International Inc. is a report of a foreign private issuer pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934, and it includes the Q4 & Full Year 2023 Results and 2024 Outlook Conference Call Transcript as Exhibit 99.

When was the conference call referenced in Exhibit 99 held?

The conference call referenced in Exhibit 99, which discusses Q4 & Full Year 2023 Results and 2024 Outlook, was held on February 9, 2024.

Who signed the 6-K report on behalf of Magna International Inc.?

The 6-K report was signed by Bassem A. Shakeel, Vice-President, Associate General Counsel and Corporate Secretary of Magna International Inc.

What is Magna International Inc.'s Commission File Number?

Magna International Inc.'s Commission File Number is 001-11444.

What is the address of Magna International Inc.'s principal executive office?

The address of Magna International Inc.'s principal executive office is 337 Magna Drive, Aurora, Ontario, Canada L4G 7K1.

From the Filing

0001171843-24-001104.txt : 20240229 0001171843-24-001104.hdr.sgml : 20240229 20240229172305 ACCESSION NUMBER: 0001171843-24-001104 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 24 CONFORMED PERIOD OF REPORT: 20240229 FILED AS OF DATE: 20240229 DATE AS OF CHANGE: 20240229 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MAGNA INTERNATIONAL INC CENTRAL INDEX KEY: 0000749098 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11444 FILM NUMBER: 24705214 BUSINESS ADDRESS: STREET 1: 337 MAGNA DRIVE STREET 2: N/A CITY: AURORA, ONTARIO, CAN STATE: A6 ZIP: L4G 7K1 BUSINESS PHONE: 9057262462 MAIL ADDRESS: STREET 1: 337 MAGNA DRIVE STREET 2: N/A CITY: AURORA, ONTARIO, CAN STATE: A6 ZIP: L4G 7K1 6-K 1 f6k_022924.htm FORM 6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934 For the month of February 2024 Commission File Number 001-11444 MAGNA INTERNATIONAL INC. (Exact Name of Registrant as specified in its Charter) 337 Magna Drive, Aurora, Ontario, Canada L4G 7K1 (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F ☐ Form 40-F ☒ SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: February 29, 2024 MAGNA INTERNATIONAL INC. (Registrant) By: /s/ “Bassem Shakeel” Bassem A. Shakeel, Vice-President, Associate General Counsel and Corporate Secretary EXHIBITS Exhibit 99 Q4 & Full Year 2023 Results and 2024 Outlook Conference Call Transcript (February 9, 2024) EX-99 2 exh_99.htm EXHIBIT 99 Exhibit 99 REFINITIV STREETEVENTS REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us ©2024 Refinitiv. All rights reserved. Republication or redistribution of Refinitiv content, including by framing or similar means, is prohibited without the prior written consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. EDITED TRANSCRIPT MG.TO - Q4 2023 Magna International Inc Earnings Call EVENT DATE/TIME: FEBRUARY 09, 2024 / 1:00PM GMT   FEBRUARY 09, 2024 / 1:00PM, MG.TO - Q4 2023 Magna International Inc Earnings Call C O R P O R A T E P A R T I C I P A N T S Louis Tonelli Magna International Inc. - VP of IR Patrick W. D. McCann Magna International Inc. - Executive VP & CFO Seetarama Swamy Kotagiri Magna International Inc. - CEO & Director C O N F E R E N C E C A L L P A R T I C I P A N T S Brian Morrison TD Securities Equity Research - Research Analyst Christopher Patrick McNally Evercore ISI Institutional Equities, Research Division - Senior MD Colin M. Langan Wells Fargo Securities, LLC, Research Division - Senior Equity Analyst Gautam Narayan RBC Capital Markets, Research Division - Assistant VP Itay Michaeli Citigroup Inc., Research Division - Director & Global Head of Autos Sector John Joseph Murphy BofA Securities, Research Division - MD and Lead United States Auto Analyst Joseph Robert Spak UBS Investment Bank, Research Division - Analyst Krista Friesen CIBC Capital Markets, Research Division - Director of Equity Research Mark Trevor Delaney Goldman Sachs Group, Inc., Research Division - Equity Analyst Michael W. Glen Raymond James Ltd., Research Division - Director Rod Avraham Lache Wolfe Research, LLC - MD & Senior Analyst Tamy Chen BMO Capital Markets Equity Research - Cannabis Analyst P R E S E N T A T I O N Operator Greetings, and welcome to the Magna International Q 4 and Year - end 2023 results and 2024 Outlook Conference Call . (Operator Instructions) As a reminder, this call

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