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May 5, 2022

Magna Announces First Quarter 2022 Results

  • Global light vehicle production was down 7%, largely due to 16% decrease in Europe
  • Sales of $9.6 billion decreased 5%
  • Diluted earnings per share and adjusted diluted earnings per share decreased 40% and 31%, respectively
  • Reduced 2022 outlook to reflect expected lower light vehicle production assumptions and an increase in production input costs

https://www.globenewswire.com/news-release/2022/04/29/2432296/0/en/Magna-Announces-First-Quarter-2022-Results.html

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