Magna International Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024
November 01, 2024 at 05:06 am
Magna International Inc. reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported sales was USD 10,280 million compared to USD 10,688 million a year ago. Net income was USD 484 million compared to USD 394 million a year ago. Basic earnings per share from continuing operations was USD 1.68 compared to USD 1.37 a year ago. Diluted earnings per share from continuing operations was USD 1.68 compared to USD 1.37 a year ago.
For the nine months, sales was USD 32,208 million compared to USD 32,343 million a year ago. Net income was USD 806 million compared to USD 942 million a year ago. Basic earnings per share from continuing operations was USD 2.81 compared to USD 3.29 a year ago. Diluted earnings per share from continuing operations was USD 2.81 compared to USD 3.29 a year ago.