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 15th 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, feb. 14, 2025 (globe newswire) -- 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.
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