MGA

Strattec Security Corporation STRT reported third-quarter fiscal 2026 adjusted earnings of 90 cents per share, missing the Zacks Consensus Estimate of $1.14 by 21.1%. Adjusted earnings declined 40% from $1.50 a year ago. Net sales were $137.6 million, down 4.5% year over year, and came in below the consensus estimate of $141 million by about 2.4%. Results reflected lower North American OEM production on key platforms and the impact of EV program cancellations. STRT stock currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Strattec Security Corporation price-consensus-eps-surprise-chart | Strattec Security Corporation Quote The quarter’s revenue mix underscored STRT’s close ties to large automotive programs. General Motors accounted for 28% of third-quarter sales, followed by Ford at 21% and Stellantis at 16%. Tier 1 customers contributed 15%, commercial and other customers represented 11% and Hyundai/Kia made up 9%. Product concentration also remained clear. Door handles represented 26% of sales and power access products contributed 24%. Keys and locksets were 20% of the mix, with latches at 13%, user interface controls at 8%, aftermarket at 7% and other products at 2%. The mix highlights STRT’s positioning in access and security content per vehicle, but also means near-term results can swing with platform volumes. Cost headwinds were evident even as the company executed on internal actions. Gross profit was $22.7 million compared with $23.1 million in the prior-year quarter, reflecting lower volume. However, gross margin improved 50 basis points year over year to 16.5%, thanks to restructuring savings and recoveries from customer program cancellations. Restructuring savings totaled $1.7 million and recoveries tied to customer program cancellations added $0.6 million. Those benefits were partly offset by $2.5 million of higher costs from unfavorable foreign exchange movements, a $0.5 million increase in labor and benefit costs, and $0.3 million of incremental tariff costs. Operating discipline was pressured by higher overhead spending. Selling, administrative and engineering expenses increased $1.6 million year over year to $17.6 million, representing 12.8% of sales versus 11.1% in the prior-year period. The increase reflected a mix of strategic and recurring cost items. STRT cited $1.4 milli...

Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. Magna International (TSX:MG) has had a busy stretch, with board changes at its 2026 annual meeting, first quarter earnings, updated full year guidance, a confirmed dividend, and progress on its share buyback program. See our latest analysis for Magna International. Despite a 2.1% 1 day share price decline to CA$83.64 and a softer 7 day share price return of 3.25%, Magna’s 30 day and year to date share price returns of 11.18% and 11.49% suggest momentum has been building. A 1 year total shareholder return of 81.48% contrasts with a weaker 5 year total shareholder return of 13.78%, highlighting how recent governance changes, revised guidance and the active buyback sit within a recovery from a tougher longer term period. If these developments have you thinking about where growth and risk could show up next in the auto and manufacturing supply chain, it may be worth checking out 32 robotics and automation stocks So with Magna trading at CA$83.64, an estimated intrinsic discount of about 35% and a modest gap to analyst targets, are you looking at an undervalued turnaround story, or a stock already pricing in the next leg of growth? With Magna International’s fair value narrative sitting at about CA$88.91 against a CA$83.64 last close, the story hinges on modest growth, margin repair and disciplined capital returns. Read the complete narrative. Want to see what is driving that cash flow reset and fair value gap? The narrative leans heavily on improving margins, steadier capex and a richer earnings profile. Result: Fair Value of CA$88.91 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, you still need to weigh risks such as softer vehicle production and foreign exchange headwinds, which could pressure margins and challenge the current fair value story. Find out about the key risks to this Magna International narrative. The fair value narrative points to a modest 5.9% undervaluation, but the current P/E of 24.9x tells a tougher story. It sits well above the North American Auto Components industry on 19.5x, the peer average on 15.3x, and the fair ratio of 13.4x that the market could move toward. That gap suggests you are paying a premium today,...

Adient plc ADNT delivered an earnings beat in the second quarter of fiscal 2026, even as profitability cooled year over year. Adjusted earnings were 52 cents per share, down 24.6% from 69 cents a year ago but ahead of the Zacks Consensus Estimate of 37 cents by 41.38%. Net sales came in at $3.87 billion, up 7% year over year and 8.3% above the consensus mark of $3.57 billion. ADNT’s quarterly sales increase was supported by favorable foreign exchange and higher production volumes, as management navigated near-term disruption without losing traction on revenue growth. The quarter also benefited from timing in certain commercial activities that helped the company sustain momentum. At the same time, profitability was pressured by customer-driven production inefficiencies and incremental launch-related spending. Those headwinds were meaningful enough to weigh on year-over-year margins, even with underlying business performance described as solid. Adient price-consensus-eps-surprise-chart | Adient Quote Adient’s geographic footprint again produced a mixed earnings picture. The Americas segment generated $1.88 billion of net sales, up 10.9% year over year, while adjusted EBITDA improved to $109 million from $94 million, helped by business performance gains and commercial timing. In EMEA, net sales rose 3.3% to $1.27 billion, but adjusted EBITDA slipped to $45 million from $50 million as volume and mix softened. Asia posted net sales of $734 million, up 3.8%. However, adjusted EBITDA declined to $92 million from $110 million, reflecting weaker equity income and increased launch and engineering spend tied to new programs. ADNT’s year-over-year EBITDA decline was due to a set of operational factors that management characterized as temporary but tangible. Customer-driven production inefficiencies created added costs during the period, while a higher level of launch expense weighed on profitability as the company supported new and expanding programs. Equity income was also a headwind, with lower customer volumes in China pressuring results. Volume and mix were another drag, including anticipated margin compression in China and pockets of unfavorable customer mix, partially offset by favorable foreign exchange dynamics. Adjusted EBITDA margin was 5.8% for the quarter, down 70 basis points year over year. ADNT currently has a Zacks Rank #4 (Sell). You can see the complet...

Magna International Inc. MGA reported first-quarter 2026 adjusted earnings of $1.38 per share, which increased 76.9% year over year and beat the Zacks Consensus Estimate of $1.01 by 36.19%. Net sales rose 3.1% year over year to $10.38 billion and topped the Zacks Consensus Estimate of $10.08 billion by 3.03%. The quarter’s backdrop remained challenging, as global light vehicle production fell 7%, yet strong execution supported profitability gains and solid cash generation. Magna International Inc. price-consensus-eps-surprise-chart | Magna International Inc. Quote MGA’s top line reflected a mix of tailwinds and offsets. A stronger foreign currency environment against the U.S. dollar helped boost results. At the same time, growth was supported by new program launches compared to last year, including complete vehicle programs with higher value-added contracts. These positives were partly offset by a few challenges. Some programs ended, vehicle production declined in North America, Europe and China, and volumes in complete vehicle assembly dropped under certain contracts. The company also saw lower engineering revenues in its Complete Vehicles segment. Customer price concessions added further pressure compared to last year. Magna’s margin profile improved meaningfully in the quarter. Adjusted EBIT increased 57.6% year over year to $558 million, and adjusted EBIT margin expanded 190 basis points to 5.4%, reflecting productivity and efficiency improvements and benefits from prior restructuring actions. Higher equity income, lower warranty costs, net transactional foreign exchange gains (versus losses last year) and favorable net commercial items supported performance. These drivers were partly offset by higher net tariff costs, reduced earnings on lower local currency sales (including engineering revenue) and an unfavorable product mix. Body Exteriors & Structures generated sales of $4.08 billion, up from $3.97 billion in the year-ago quarter, while adjusted EBIT rose to $274 million from $230 million. Power & Vision posted sales of $3.88 billion versus $3.65 billion a year ago, and adjusted EBIT jumped to $252 million from $124 million. Seating Systems sales increased to $1.34 billion from $1.31 billion, with the segment swinging to adjusted EBIT of $25 million from a loss of $30 million a year ago. The Complete Vehicles segment was the main drag on revenues, wi...

AURORA, Ontario, May 04, 2026 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2026 annual meeting of shareholders held on May 4, 2026. A total of 218,968,145 Common Shares or 79.21% of our issued and outstanding Common Shares were represented in person or by proxy at the meeting. Shareholders voted in favour of each item of business, as follows: a. Election of Directors b. Other Items of Business Based on the voting results, all 12 nominees were elected to the Board, Deloitte was reappointed as independent auditor, and the “Say on Pay” resolution was approved – in each case by a substantial majority. Detailed voting results are included as Appendix “A” to this press release. Following the annual meeting, Magna’s Board confirmed: Robert F. MacLellan as Board Chair; Mary Lou Maher as Audit Committee Chair; and Hon. V. Peter Harder as Governance, Nominating and Sustainability Committee Chair. Additionally, with the retirement of Dr. Indira V. Samarasekera from the Board after 12 years, the Board made the following Committee Chair appointments, effective immediately: William A. Ruh as Talent Oversight and Compensation Committee Chair; and Matthew Tsien as Technology Committee Chair. INVESTOR CONTACT Louis Tonelli, Vice-President, Investor Relations [email protected] │ 905.726.7035 MEDIA CONTACT Tracy Fuerst, Vice-President, Corporate Communications & PR [email protected] │ 248.761.7004 ABOUT MAGNA Magna is one of the world’s largest automotive suppliers and a trusted partner to automakers in the industry’s most critical markets—North America, Europe, and China. With a global team and footprint spanning 28 countries, we bring unmatched scale, trusted reliability, and proven execution. Backed by nearly seven decades of experience, we combine deep manufacturing expertise with innovative vehicle system technologies to deliver performance, safety, and quality. For further information about Magna (NYSE:MGA; TSX:MG), please visit www.magna.com or follow us on social. Appendix “A” VOTING RESULTS - 2026 ANNUAL MEETING OF SHAREHOLDERS

Magna International Inc. reported past first-quarter 2026 results with sales of US$10,381 million, shifting from net income to a small net loss even as adjusted earnings and margins improved. The quarter also delivered an earnings surprise versus analyst expectations, robust free cash flow generation of US$372 million, and a reaffirmed A3 credit rating with a Stable outlook from Moody’s, underscoring resilient operating performance. We’ll now explore how Magna’s stronger adjusted earnings and cash flow profile may influence its existing investment narrative and outlook. Capitalize on the AI infrastructure supercycle with our selection of the 37 best 'picks and shovels' of the AI gold rush converting record-breaking demand into massive cash flow. To own Magna, you need to believe it can convert its broad global auto footprint and growing content per vehicle into steadier earnings, despite cyclical production swings and cost pressures. The latest quarter showed stronger adjusted EBIT, margins and free cash flow, which supports the near term catalyst of margin improvement, but the shift to a small net loss keeps execution risk and exposure to softer vehicle production as central concerns rather than materially changing them. The reaffirmed A3 credit rating with a Stable outlook from Moody’s is especially relevant here, as it signals confidence in Magna’s balance sheet and ability to fund electrified powertrain, ADAS and China growth programs while still returning cash through dividends and buybacks. That financial flexibility is important for supporting margin expansion efforts if volumes or mix remain choppy. Yet behind this improved quarter, there is still a key risk investors should be aware of around... Read the full narrative on Magna International (it's free!) Magna International's narrative projects $44.2 billion revenue and $1.9 billion earnings by 2029. Uncover how Magna International's forecasts yield a CA$88.91 fair value, a 8% upside to its current price. The most optimistic analysts were already assuming Magna could lift margins to about 4.1 percent and earnings toward US$1.9 billion, but Q1’s strong adjusted EBIT and the ongoing risk of slower ADAS growth and tariff exposure show how quickly that optimistic path could be revised, so it is worth weighing those higher expectations against more cautious views before you decide what story you believe....

This article first appeared on GuruFocus. Sales: $10.4 billion in Q1 2026, up 3% from last year. Adjusted EBIT: $558 million, an increase of 58% from last year. Adjusted EBIT Margin: Expanded 190 basis points to 5.4%. Adjusted EPS: $1.38, up 77% from last year. Operating Cash Flow: $677 million generated in Q1 2026. Free Cash Flow: $372 million, up $685 million from last year. Cash on Hand: $1.6 billion at the end of the quarter. Share Repurchases: $440 million in stock repurchases during the quarter. Dividends: $135 million returned to shareholders. Credit Rating: Moody's reaffirmed A3 rating with a Stable outlook. Leverage Ratio: 1.5 times rating agency leverage ratio. 2026 Outlook: Reaffirmed prior ranges for adjusted EBIT margin, adjusted EPS, and free cash flow. Warning! GuruFocus has detected 7 Warning Signs with AMG. Is MGA fairly valued? Test your thesis with our free DCF calculator. Release Date: May 01, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Magna International Inc (NYSE:MGA) reported a 58% increase in adjusted EBIT and a 77% rise in adjusted EPS, demonstrating strong earnings growth. The company generated $677 million in operating cash flow and $372 million in free cash flow, reflecting improved operating performance. Moody's reaffirmed Magna's A3 credit rating and improved the outlook to Stable, indicating financial stability. Magna secured additional commercial recoveries related to previous EV investments, enhancing financial results. The company announced margin accretive dispositions of its lighting and rooftop systems businesses, aligning with long-term growth and margin objectives. Global light vehicle production declined 7% in the quarter, impacting Magna's sales growth. Sales in Complete Vehicles, excluding foreign currency, declined $172 million despite higher unit volumes. The situation in the Middle East introduces some uncertainty, posing potential risks to operations. Magna's exposure to resin costs is less protected, with sub-50% covered by pass-throughs, posing a risk to margins. The company took a $400 million impairment related to the divestiture of its lighting and rooftop systems businesses, impacting GAAP results. Q: Can you give us an update on your raw material exposure, particularly on the resin side, and its impact on margins? A: Philip Fracassa, CFO, expla...

Performance was driven by strong operational excellence initiatives and disciplined execution, resulting in a 190 basis point expansion in adjusted EBIT margin to 5.4%. Management attributed the 3% sales growth to a 3% weighted growth over market, despite a 7% decline in global light vehicle production. The company is actively streamlining its portfolio by divesting its lighting and rooftop systems businesses, which were identified as having lower market positions and returns compared to core segments. Strategic positioning in the European market was bolstered by launching five vehicle models for China-based OEMs since September 2025, leveraging flexible production processes. Commercial recoveries related to previous EV investments significantly boosted cash flow, with $450 million in balance sheet-related recoveries received earlier than anticipated. Management emphasized a 'neutral global partner' model, allowing them to capture growth from new entrants like Chinese OEMs while maintaining relationships with legacy manufacturers. Management reaffirmed the 2026 outlook for adjusted EBIT margin (6.0% to 6.6%) and free cash flow ($1.6 billion to $1.8 billion) despite lowering production forecasts in North America and Europe. The 2026 earnings cadence is expected to be back-half weighted, with the first half contributing just under 45% of full-year adjusted EBIT. Guidance assumes the successful mitigation of most cost headwinds over time, though management remains cautious regarding geopolitical uncertainty in the Middle East. The company plans to complete its share repurchase program in 2026, with approximately 17 million shares remaining for buyback before the authorization expires in November. Strategic focus remains on organic growth and 'Factory of the Future' initiatives, with a comprehensive long-term strategy update planned for the November Investor Day. A GAAP impairment charge of over $400 million was recorded in the first quarter related to the planned divestitures of the lighting and rooftop systems businesses. Tariff costs net of recoveries reduced margins by 15 basis points, but management expects a neutral impact for the full year as recovery discussions with OEMs continue. The company is monitoring potential supply chain risks related to memory (DRAM) availability, characterizing current challenges as short-term pricing issues rather than volume...

AURORA, Ontario (AP) — AURORA, Ontario (AP) — Magna International Inc. (MGA) on Friday reported a loss of $12 million in its first quarter. The Aurora, Ontario-based company said it had a loss of 4 cents per share. Earnings, adjusted for non-recurring costs, came to $1.38 per share. The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share. The automotive supply company posted revenue of $10.38 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $10.08 billion. Magna expects full-year earnings in the range of $6.25 to $7.25 per share, with revenue in the range of $41.5 billion to $43.1 billion. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MGA at https://www.zacks.com/ap/MGA

Magna International (MGA) reported Q1 adjusted earnings Friday of $1.38 per share, up from $0.78 a y

The benchmark US stock measures were mostly pointing higher before the open Friday as investors awai

For the quarter ended March 2026, Magna (MGA) reported revenue of $10.38 billion, up 3.1% over the same period last year. EPS came in at $1.38, compared to $0.78 in the year-ago quarter. The reported revenue represents a surprise of +3.03% over the Zacks Consensus Estimate of $10.08 billion. With the consensus EPS estimate being $1.01, the EPS surprise was +36.19%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Magna performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Sales- Body Exteriors & Structures: $4.08 billion versus $4.06 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +2.9% change. Sales- Power & Vision: $3.88 billion versus the three-analyst average estimate of $3.8 billion. The reported number represents a year-over-year change of +6.5%. Sales- Complete Vehicles: $1.22 billion versus the three-analyst average estimate of $1.11 billion. The reported number represents a year-over-year change of -4.1%. Sales- Corporate and Other: $-143 million compared to the $-140 million average estimate based on three analysts. The reported number represents a change of +9.2% year over year. Sales- Seating Systems: $1.34 billion versus $1.25 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +2.1% change. Adjusted EBIT- Body Exteriors & Structures: $274 million versus $249.13 million estimated by three analysts on average. Adjusted EBIT- Power & Vision: $252 million versus the three-analyst average estimate of $171.73 million. Adjusted EBIT- Corporate & Other: $-25 million compared to the $-11.33 million average estimate based on three analysts. Adjusted EBIT- Complete Vehicles: $32 million versus $21.3 million estimated by three analysts on average. Adjusted EBIT- Seating Systems: $25 million compared to the $6.38 mil...