Magna International Files 6-K with Financial Results

Ticker: MGA · Form: 6-K · Filed: 2025-02-14T00:00:00.000Z

Sentiment: neutral

Topics: financial-results, 6-K, foreign-private-issuer

Related Tickers: MGA

TL;DR

Magna Intl (MGA) dropped a 6-K with Q4 earnings on Feb 14. Check it out.

AI Summary

Magna International Inc. filed a Form 6-K on February 14, 2025, to report its unaudited consolidated financial results. The filing includes a press release dated February 14, 2025, announcing these results.

Why It Matters

This filing provides investors with the latest unaudited financial performance of Magna International, a key player in the automotive parts industry.

Risk Assessment

Risk Level: low — This is a routine financial filing (6-K) and does not contain new material events or significant changes.

Key Players & Entities

FAQ

What type of filing is this?

This is a Form 6-K, which is a Report of Foreign Private Issuer pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934.

Who is the filer?

The filer is MAGNA INTERNATIONAL INC.

When was this report filed?

The report was filed on February 14, 2025.

What is included as an exhibit?

Exhibit 99.1 is a press release issued on February 14, 2025, announcing the Registrant's unaudited consolidated financial results.

What is Magna International's principal executive office address?

The address is 337 Magna Drive, Aurora, Ontario, Canada L4G 7K1.

From the Filing

0001104659-25-013263.txt : 20250214 0001104659-25-013263.hdr.sgml : 20250214 20250214060307 ACCESSION NUMBER: 0001104659-25-013263 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 6 CONFORMED PERIOD OF REPORT: 20250214 FILED AS OF DATE: 20250214 DATE AS OF CHANGE: 20250214 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: 25622817 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 tm254585d2_6k.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 2025 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 x 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. MAGNA INTERNATIONAL INC. (Registrant) Date: February 14, 2025 By:  /s/ “Bassem Shakeel” Bassem A. Shakeel, Vice-President, Associate General Counsel and Corporate Secretary EXHIBITS Exhibit 99.1 Press release issued February 14, 2025, in which the Registrant announced its unaudited consolidated financial results for the three months and year ended December 31, 2024, declared an increased fourth quarter dividend, and also announced its 2025 Outlook. Exhibit 99.2 Q4 2024 Financial Review EX-99.1 2 tm254585d2_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 PRESS RELEASE MAGNA ANNOUNCES FOURTH QUARTER 2024 RESULTS AND 2025 OUTLOOK Fourth Quarter 2024 Highlights · Sales increased 2% to $10.6 billion, in-line with global light vehicle production · Diluted earnings per share of $0.71 and Adjusted diluted earnings per share of $1.69, compared to $0.94 and $1.33, respectively · Generated $1.9 billion in cash from operating activities · Returned $335 million to shareholders through dividends and share repurchases · Raised quarterly cash dividend to $0.485 per share, marking our 15 th consecutive year of fourth quarter increases Outlook Highlights · 2025 Sales expected to be between $38.6 billion and $40.2 billion, mainly reflecting negative impacts of foreign currency translation, lower light vehicle production and end of production of Jaguar assembly programs · 2025 Adjusted EBIT Margin expected to be between 5.3% and 5.8% · Capital spending projected to normalize to historical levels beginning in 2025 · 2026 Sales expected to grow from 2025 to between $40.5 billion and $42.6 billion · 2026 Adjusted EBIT Margin expected to expand to a range of 6.5%-7.2% · Expect Free Cash Flow of $1.5 billion or more by 2026 AURORA, Ontario, February 14, 2025 — Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the fourth quarter and year ended December 31, 2024. “In 2024, we successfully drove margin expansion and increased cash flow generation through deliberate actions related to operational excellence, restructuring, reduced capital spending, and commercial recoveries. We achieved this despite continued industry headwinds, including lower vehicle volumes in key markets. As we beg

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