Magna International posted a 1.66% year-over-year revenue increase in Q4 2024, reaching $10.63 billion. Adjusted EBIT surged 23.48% due to operational efficiencies, while net income declined by 25.09% YoY. The company faced headwinds from lower production volumes and foreign currency impacts but continued to focus on margin expansion and cash flow generation.
Revenue grew 1.66% YoY to $10.63 billion, in line with global vehicle production.
Adjusted EBIT rose 23.48% to $689 million, reflecting cost efficiencies.
Net income fell 25.09% YoY to $203 million due to lower volumes and FX impacts.
Magna raised its quarterly dividend to $0.485 per share, marking 15 consecutive years of increases.
Magna expects 2025 revenue between $38.6 billion and $40.2 billion, with a slight EBIT margin contraction. Growth is anticipated in 2026, driven by cost efficiencies and segment expansion.
Visualization of income flow from segment revenue to net income
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