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