Magna International Inc. - Q1 2026 Earnings Release

Magna International Inc. reported strong first quarter 2026 results, with sales increasing by 3% to $10.4 billion, despite a 7% decline in global light vehicle production. The company experienced a loss from operations before income taxes of $87 million, which included a $485 million loss on assets held for sale related to the disposition of its Lighting and Rooftop Systems businesses. However, Adjusted EBIT saw a significant increase of 58% to $558 million, with an improved Adjusted EBIT margin of 5.4%. Diluted loss per share was $0.04, while Adjusted EPS rose by 77% to $1.38. Magna returned $575 million to shareholders through share repurchases and dividends. The company maintained its positive 2026 outlook, with priorities focused on margin expansion, free cash flow generation, and capital return to shareholders.