Magna International Inc. (MGA) is a global automotive supplier specializing in the design, engineering, and manufacturing of systems and components for vehicles. The company serves Original Equipment Manufacturers (OEMs) worldwide, offering products aligned with industry trends such as electric vehicles, autonomous driving, and advanced safety systems. Magna operates through multiple product lines that cater to various aspects of vehicle production and assembly.
- Body Exteriors & Structures - Manufactures structural components and exterior systems that enhance vehicle safety, durability, and aesthetics.
- Power & Vision - Develops powertrain systems and advanced vision technologies, including electrification solutions and driver assistance systems.
- Seating Systems - Produces innovative seating solutions that prioritize comfort, safety, and functionality for vehicle interiors.
- Complete Vehicles - Provides end-to-end vehicle assembly services, including engineering, manufacturing, and program management for OEMs.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Seetarama S. Kotagiri ExecutiveBoard | President and Chief Executive Officer (CEO) | Seetarama S. Kotagiri is the CEO of Magna International Inc. since January 2021 and joined Magna's Board of Directors on January 1, 2021. Previously, he served as President of Magna International from January 2020 to December 2020 and as Executive Vice-President and Chief Technology Officer from January 2014 to January 2020. | View Report → | |
Eric J. Wilds Executive | Chief Strategy & Commercial Officer | Eric J. Wilds is the Chief Strategy & Commercial Officer at MGA since October 31, 2024. He has been with the company since 1993 and previously served as Chief Sales & Marketing Officer until October 2024. | ||
John H. Farrell Executive | Executive Vice-President and Chief Operating Officer | John H. Farrell is the COO of Magna International Inc. since December 2024. He previously served as President (Cosma, Exteriors and Seating) from January 2023 to November 2024 and as President of Cosma International from January 2013 to December 2022. | ||
Patrick W.D. McCann Executive | Executive Vice-President and Chief Financial Officer (CFO) | Patrick W.D. McCann is the Executive Vice-President and Chief Financial Officer (CFO) at Magna International Inc. since January 2022, having previously served as Senior Vice-President, Finance from May 2019 to December 2021 and Vice-President, Cosma Group from January 2016 to April 2019. | ||
Tom Rucker Executive | Executive Vice-President and Chief People and Business Transformation Officer | Tom Rucker is a seasoned executive at Magna International Inc., serving as Executive Vice-President and Chief People and Business Transformation Officer since December 2024. He previously held roles as President of Power & Vision and Complete Vehicles (January 2023 to November 2024) and President of Magna Powertrain (October 2019 to December 2022). | ||
Dr. Indira V. Samarasekera Board | Independent Director | Intact Financial: Chair of the Human Resources and Compensation Committee; Canadian Institute for Advanced Research | Dr. Indira V. Samarasekera has served as an Independent Director at MGA since May 8, 2014 and as Chair of the Talent Oversight and Compensation Committee since August 2022. She is a recognized metallurgical engineer with experience in multiple leadership roles. | |
Dr. Thomas Weber Board | Corporate Director | Director of Acatech; President of Acatech; Honorary Professor at the University of Stuttgart | Dr. Thomas Weber is currently the Corporate Director at MGA since January 1, 2022. He has a distinguished background in the automotive industry, having served on Daimler’s Board of Management from 2004 to 2016 and holding significant roles such as Director (since 2017) and President (since 2023) at Acatech, in addition to his role as Honorary Professor at the University of Stuttgart since 2010. | |
Hon. V. Peter Harder Board | Corporate Director | Senator in Ontario, Canada | Hon. V. Peter Harder has served as Corporate Director and Independent Director at Magna International Inc. since January 10, 2020 and was confirmed as the Chair of the Governance, Nominating and Sustainability Committee on May 8, 2025. | |
Jan R. Hauser Board | Independent Director | Enfusion Inc. (Audit Chair; Compensation); Sprinklr Inc. (Audit) | Jan R. Hauser is an Independent Director at Magna International Inc. since August 1, 2022. She brings over 35 years of global financial leadership with previous experience at PricewaterhouseCoopers, General Electric Company, and the U.S. Securities and Exchange Commission. | |
Jay K. Kunkel Board | Corporate Director | Jay K. Kunkel serves as a Corporate Director at Magna International Inc. since May 11, 2023, and is an independent director on the Audit and Technology Committees. Previously, he held executive roles at Tenneco and Lear Corporation. | ||
Lisa S. Westlake Board | Corporate Director | Lisa S. Westlake has been a Corporate Director at Magna International since May 9, 2019. With nearly 35 years of experience in leadership roles across companies such as Moody’s Corporation and IHS Markit Ltd , she contributes her expertise in governance and oversight at MGA. | ||
Mary Lou Maher Board | Director | Independent Director and Chair of the Audit Committee at CIBC; Director, Chair of the Human Resources Committee at CAE Inc. | Mary Lou Maher has served as an independent Director at MGA since May 6, 2021 and was appointed Audit Committee Chair in May 2024. Prior to MGA, she held leadership roles at KPMG Canada, CIBC, and CAE Inc. | |
Mary S. Chan Board | Corporate Director | Chief Operating Officer of Nikola Corporation; Board Member at SBA Communications Corporation | Mary S. Chan has served as a Corporate Director at Magna International (MGA) since August 10, 2017. She brings extensive expertise from her executive roles as Chief Operating Officer of Nikola Corporation since October 2023 and other leadership positions at major companies. | |
Matthew Tsien Board | Corporate Director | Board member at AGCO Corporation | Matthew Tsien was appointed as Corporate Director at Magna International Inc. on May 11, 2023, after a distinguished 45-year career at General Motors holding roles such as Executive Vice President and Chief Technology Officer. | |
Peter Sklar Board | Independent Director | Peter Sklar joined MGA’s Board of Directors on February 14, 2025 as an independent director. He brings nearly four decades of expertise in the automotive and investment sectors, previously serving as a top-ranked equity research analyst at BMO Capital Markets. | ||
Robert F. MacLellan Board | Board Chair | Chairman of Northleaf Capital Partners; Independent Director of T. Rowe Price Group, Inc. | Robert F. MacLellan has served as the Board Chair at MGA since May 2022 and has extensive experience in finance, governance, and leadership; he has also held prominent roles such as Chairman of Northleaf Capital Partners and Chief Investment Officer at TD Bank Financial Group. | |
William A. Ruh Board | Corporate Director | CEO of Lifestyle Solutions Real Estate | William A. Ruh has served as Corporate Director at MGA since May 11, 2017 and is also the Chair of the Technology Committee, playing a key role in overseeing technological trends and risks. He brings extensive digital transformation expertise from his roles at companies such as Lendlease Group, GE Digital, and Cisco, and he is additionally the CEO of Lifestyle Solutions Real Estate. |
- Regarding the $55 million tariff impact in Q2 and the anticipated recovery in the second half, can you detail the framework agreements with OEMs and how you plan to manage potential delays or lumpy recoveries in Q4?
- With North American production guidance set at 14.7 million units despite soft market trends and lower global inventories, how confident are you in achieving this target and what contingency measures do you have if volumes decline further?
- You mentioned a 40 basis point margin improvement driven by operational excellence initiatives alongside tariff recoveries; can you provide more clarity on the specific contributions of cost reduction versus mix improvements compared to historical trends?
- For the Seating segment, which experienced a 60 basis point tariff headwind in H1 but is expected to see margin improvements in H2, how do you ensure that its ROIC continues to exceed the cost of capital amid current market uncertainties?
- As market conditions remain uncertain across regions, how are you reassessing your portfolio and capital allocation strategy, particularly with respect to deferred investments and ongoing share repurchase programs?
Research analysts who have asked questions during MAGNA INTERNATIONAL earnings calls.
Dan Levy
Barclays PLC
4 questions for MGA
James Picariello
BNP Paribas
4 questions for MGA
Mark Delaney
The Goldman Sachs Group, Inc.
4 questions for MGA
Tamy Chen
BMO Capital Markets
4 questions for MGA
Brian Morrison
TD Cowen
3 questions for MGA
Colin Langan
Wells Fargo & Company
3 questions for MGA
Joseph Spak
UBS Group AG
3 questions for MGA
Michael Glen
Raymond James
3 questions for MGA
Chris McNally
Evercore ISI
2 questions for MGA
John Murphy
Bank of America
2 questions for MGA
Jonathan Goldman
Scotiabank
2 questions for MGA
Adam Jonas
Morgan Stanley
1 question for MGA
Douglas Dutton
Evercore ISI
1 question for MGA
Emmanuel Rosner
Wolfe Research
1 question for MGA
Gautam Narayan
RBC Capital Markets
1 question for MGA
Itay Michaeli
TD Cowen
1 question for MGA
Joe Spak
UBS Group AG
1 question for MGA
Shreyas Patil
Wolfe Research, LLC
1 question for MGA
Tom Narayan
RBC Capital Markets
1 question for MGA
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
HE System Electronic (HES) | 2024 | The acquisition was completed on May 31, 2024, for a total consideration of $51 million (net of $1 million cash acquired) with purchase price allocations of $6 million for non-cash working capital and $45 million for long-lived assets, enhancing Magna’s micro‐electronic assemblies and electronic systems capabilities within its Power & Vision segment. |
Body Exteriors & Structures Business | 2024 | In the second quarter of 2024, Magna acquired a business in its Body Exteriors & Structures segment for $5 million, which resulted in a bargain purchase gain of $9 million, thereby broadening its offerings in this area. |
Veoneer Active Safety Business | 2023 | The acquisition of the Veoneer Active Safety Business was completed on June 1, 2023, for $1.525 billion in cash (subject to customary adjustments) and financed through multiple instruments, strategically expanding Magna’s Active Safety and ADAS capabilities with associated transaction costs of $23 million. |
Recent press releases and 8-K filings for MGA.
- Magna International reported third-quarter earnings growth and is globally scaling its Driver Monitoring System.
- The company has seen an 11% year-to-date share price increase and an 18.8% total shareholder return over the past year, and has increased its dividend for the 15th consecutive year.
- Analysts anticipate Magna's earnings to grow at an annual rate of 11.85%, with profit margins projected to rise from 2.4% to 4.0% within three years due to operational improvements.
- Despite positive momentum, Magna's 2025 revenue guidance midpoint of USD 39.4 billion is significantly below the consensus estimate of USD 42.4 billion, leading to a reduction in fair value estimates.
- Magna International Inc. reported strong Q3 2025 financial performance, with Sales up 2%, Adjusted EBIT up 3%, Adjusted Diluted EPS up 4%, and Free Cash Flow improving by $398 million year-over-year.
- The company raised its full-year 2025 outlook, including higher sales and an increased low end and midpoint of the Adjusted EBIT margin range to 5.4%-5.6%. The capital spending outlook was reduced to approximately $1.5 billion, leading to an increased full-year free cash flow outlook by $200 million, with an expectation to reduce the leverage ratio to below 1.7x by year-end 2025.
- Magna secured new complete vehicle assembly business with XPENG, a Chinese-based OEM, for two electric vehicle models in Europe, with serial production starting in Q3 2025.
- The Board approved a new normal course issuer bid (NCIB), authorizing the repurchase of up to 10% of its public float (around 25 million shares), effective early November 2025 for one year. Philip Fracassa was also named CFO in September 2025.
- Magna International reported strong Q3 2025 financial results, with sales growing 2% to $10.5 billion, adjusted EBIT increasing 3% to $613 million, and adjusted diluted EPS rising 4% to $1.33.
- The company raised its full-year 2025 outlook, increasing the adjusted EBIT margin range to 5.4% to 5.6% and adjusted net income to $1.45 billion-$1.55 billion.
- The full-year free cash flow outlook was raised by $200 million to $1.0 billion-$1.2 billion, while the capital spending outlook was reduced to approximately $1.5 billion.
- Magna secured new business, including complete vehicle assembly for China-based OEM XPENG to serve the European market, with serial production beginning on two EV models.
- The board approved a new Normal Course Issuer Bid (NCIB) to repurchase up to 10% of its public float, or around 25 million shares, and Phil Fracassa was appointed as the new CFO in September.
- Magna International reported strong Q3 2025 results with sales up 2% to $10.5 billion, adjusted EBIT up 3% to $613 million, and adjusted diluted EPS up 4% to $1.33. Free cash flow significantly improved by $398 million to $572 million.
- The company raised its full-year 2025 outlook, increasing sales estimates and adjusting the adjusted EBIT margin range to 5.4% to 5.6%. Adjusted net income is now expected to be between $1.45 and $1.55 billion.
- Capital spending for 2025 was reduced to approximately $1.5 billion, leading to an increased free cash flow outlook of $1.0 to $1.2 billion, and the company expects to reduce its leverage ratio to below 1.7 times by year-end. Additionally, the board approved a new normal-course issuer bid to repurchase up to 10% of its public float, or approximately 25 million shares.
- Magna secured new complete vehicle assembly business with a China-based OEM, Shopang, in Austria, and launched production for another China-based OEM. Phil Fecassa also joined Magna as the new CFO in September 2025.
- Magna International reported strong Q3 2025 results with sales up 2% to $10.5 billion, adjusted EBIT up 3% to $613 million, and adjusted diluted EPS up 4% to $1.33.
- The company raised its full-year 2025 outlook, increasing the adjusted EBIT margin range to 5.4% to 5.6% and adjusted net income to $1.45 billion to $1.55 billion.
- Magna also increased its full-year free cash flow outlook by $200 million to a range of $1.0 billion to $1.2 billion and reduced its capital spending outlook to approximately $1.5 billion.
- The board approved a new normal-course issuer bid (NCIB) to repurchase up to 10% of its public float, reinforcing its commitment to share buybacks.
- Magna secured new complete vehicle assembly business with a China-based OEM, Shopang, for the European market, and launched production on two EV models for this customer.
- Magna reported sales of $10.5 billion for the third quarter of 2025, marking a 2% increase compared to the third quarter of 2024.
- Adjusted EBIT increased 3% to $613 million in the third quarter of 2025, accompanied by a 10 basis-point improvement in Adjusted EBIT margin.
- Adjusted diluted earnings per share rose 4% to $1.33 for the third quarter of 2025.
- The company increased its 2025 outlook for Sales, Adjusted EBIT Margin, and Adjusted Net Income attributable to Magna.
- Magna's Board approved a Normal Course Issuer Bid to purchase up to 10% of its public float of Common Shares.
- Magna International reported strong third quarter 2025 performance, with sales increasing 2% to $10.5 billion and Adjusted EBIT rising 3% to $613 million compared to the third quarter of 2024. Adjusted diluted earnings per share increased 4% to $1.33.
- The company updated its 2025 outlook, increasing projections for Sales, Adjusted EBIT Margin (to 5.4% - 5.6%), and Adjusted Net Income attributable to Magna. The full-year sales outlook is now $41.1 - $42.1 billion.
- Magna's Board approved a new Normal Course Issuer Bid to purchase up to 10% of its public float of Common Shares, effective November 7, 2025, and declared a fourth quarter dividend of $0.485 per Common Share.
- Magna International has raised its full-year 2025 sales guidance to between $41.1 billion and $42.1 billion and its adjusted net income guidance to a range of $1.45 billion to $1.55 billion.
- This guidance upgrade is driven by stronger vehicle production forecasts in North America (raised to 15 million vehicles) and China (raised to 31.5 million units).
- For the third quarter, sales rose 1.7% to $10.5 billion, beating estimates, and adjusted earnings per share were $1.33, surpassing analyst estimates of $1.21.
- The company also declared a fourth-quarter dividend of $0.485 per common share, payable on November 28, 2025.
- Despite the positive guidance, net income for Q3 fell to $305 million from $484 million a year earlier, primarily due to a non-recurring $196 million gain from canceled Fisker agreements in the prior year that did not recur in 2025.
- Magna is marking its first full year of scaled global production of its innovative Driver Monitoring System (DMS), which was launched with a Germany-based OEM in China.
- The mirror-integrated DMS supports China’s automotive innovation and safety regulations and was recognized with a 2024 Automotive News PACE Award.
- This program represents one of Magna’s largest DMS awards to date, with volumes expected to reach several million units annually.
- Adora launched its end-to-end AI performance marketing engine, designed to enable Fortune 500 brands to activate revenue-driving campaigns in hours instead of weeks.
- Founding customers, including Alaska Airlines and Brooks Running, have collectively achieved a 2x return on ad spend, 10x faster campaign activation, and 40% lower customer acquisition costs using the platform.
- The platform addresses the industry's "speed crisis" by training AI models on brand data to generate marketing assets and analyze performance, tackling cross-channel execution challenges for enterprise marketers.
- Adora secured seed funding from Village Global, a firm backed by prominent investors such as Reid Hoffman, Mark Zuckerberg, and Jeff Bezos.