Magna International Inc. (T:MG)
Business Focus: Auto, Truck & Motorcycle Parts (NEC)
| This company is also listed in the United States as MGA on the NYSE. Click here to get the live US quote and see if there are any SEC insider filings.. |
| Sector: Consumer Cyclicals | Industry: Auto, Truck & Motorcycle Parts |
| Company Contact | |
| Address: | 337 Magna Drive AURORA ON L4G 7K1 |
| Tel: | N/A |
| Website: | https://www.magna.com |
| IR: | See website |
| Key People | ||
| Seetarama S. Kotagiri Chief Executive Officer, Director | Uwe Geissinger Executive Vice President, President of Magna | Patrick W.D. Mccann Chief Financial Officer, Executive Vice President |
| John H. Farrell President - Cosma, Exteriors and Seating | Tom J. Rucker President - MPT, MML, Electronics and Complete Vehicles | Aaron D. Mccarthy Chief Human Resource Officer, Executive Vice President |
| Boris Shulkin Executive Vice President, Chief Digital and Information Officer | Eric Jon Wilds Executive Vice President, Chief Sales and Marketing Officer | Bruce R. Cluney Executive Vice President, Chief Legal Officer | Matteo Del Sorbo Executive Vice-President, Magna New Mobility |
| Business Overview |
| Magna International Inc. is a Canada-based global automotive supplier. The Company has complete vehicle engineering and contract manufacturing expertise, as well as product capabilities which include body, chassis, exterior, seating, powertrain, active driver assistance, electronics, mechatronics, mirrors, lighting, and roof systems. Its Veoneer Active Safety provides sensor, software and systems engineering solutions to a range of customers. The Company's segments include Body Exteriors & Structures; Power & Vision; Seating Systems; and Complete Vehicles. Its Body Exteriors & Structures include body structures, chassis structures, exterior, energy storage systems and other. Its Power & Vision products include electrified powertrain technologies, powertrain subsystems and other. Its Complete Vehicles consist of complete vehicle engineering and complete vehicle manufacturing. The Company's global network includes 341 manufacturing operations and 88 product development. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Magna International Inc revenues increased 13% to $42.8B. Net income increased from $592M to $1.21B. Revenues reflect Power & vision segment increase of 21% to $14.05B, Body Exteriors and Structures segment increase of 9% to $17.2B, United States segment increase of 13% to $10.86B, China segment increase of 24% to $4.84B. |
| Employees: | 179,000 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $24,780M as of Dec 31, 2023 |
| Annual revenue (TTM): | $58,508M as of Dec 31, 2023 |
| EBITDA (TTM): | $4,937M as of Dec 31, 2023 |
| Net annual income (TTM): | $1,658M as of Dec 31, 2023 |
| Free cash flow (TTM): | $173.62M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $5,888M as of Dec 31, 2023 |
| Shares outstanding: | 286,780,238 as of Mar 1, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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