Diluted earnings per share of $2.45, compared to $1.43 in the fourth quarter of 2019
Adjusted diluted earnings per share of $2.83, more than double the fourth quarter of 2019
Cash from operating activities of $2.3 billion, compared to $1.7 billion in the fourth quarter of 2019
Raised quarterly cash dividend by 8% to $0.43 per share
Full Year 2020 Highlights
Sales of $32.6 billion decreased 17%, compared to vehicle production declines of 20% and 23% in our most significant production markets of North America and Europe
Returned $659 million to shareholders primarily through dividends
AURORA, Ontario, Feb. 19, 2021 (GLOBE NEWSWIRE) Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the fourth quarter and year ended December 31, 2020.
Magna International Inc.: Magna Announces Fourth Quarter 2020 Results and Outlook
Diluted earnings per share of $2.45, compared to $1.43 in the fourth quarter of 2019
Adjusted diluted earnings per share of $2.83, more than double the fourth quarter of 2019
Cash from operating activities of $2.3 billion, compared to $1.7 billion in the fourth quarter of 2019
Raised quarterly cash dividend by 8% to $0.43 per share
Full Year 2020 Highlights
Sales of $32.6 billion decreased 17%, compared to vehicle production declines of 20% and 23% in our most significant production markets of North America and Europe
Returned $659 million to shareholders primarily through dividends
AURORA, Ontario, Feb. 19, 2021 (GLOBE NEWSWIRE) Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the fourth quarter and year ended December 31, 2020.
The supplier reported net income of $738 million for the quarter ended Dec. 31, compared with $440 million a year earlier. Revenue rose 12 percent to $10.57 billion.
Canadian auto parts maker Magna International Inc forecast full-year revenue above estimates on Friday and signalled it could make up for any production shortfall due to a global chip supply. | February 23, 2021
The Daily Chase: Hunt for yield reaches Cineplex; Inter Pipeline launches review VIDEO SIGN OUT
Howâs this for a sign of the times: Our Bloomberg partners are reporting Cineplex is finding plenty of demand for the $200-million debt financing thatâs mandated by its lenders in exchange for continued covenant relief. According to Bloombergâs intel, Cineplexâs bankers have rounded up approximately $1 billion in preliminary interest and are looking to push the bonds with a sub-8 per cent yield. All that for what has to be one of Canadaâs hardest-hit companies during the pandemic. Weâll explore what this tells us about investor psychology and the hunt for yield in todayâs low rate environment.