Magna Broadcasts First Quarter 2024 Outcomes
AURORA, Ontario – WEBWIRE – Friday, May perchance maybe perchance also 3, 2024
Magna Global Inc. (TSX: MG; NYSE: MGA)reported financial results for the principle quarter ended March 31, 2024.
Our first quarter results exceeded our expectations for sales and earnings, excluding for the affect of impairment charges. As a results of our persisted focal level on fee containment, customer recoveries and operational excellence, we’re asserting our Adjusted EBIT margin outlook differ for 2024 and peep persisted progress on our planned margin expansion in spite of uncertainty of electrification volumes and product mix within the alternate.
– Swamy Kotagiri, Magnas Chief Govt Officer
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