Magna International Inc
MG: XTSE (CAN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|?j | LOCK|Fcy | LOCK|V$MxTqk |
Magna Earnings: Restructuring Bearing Fruit With Strong Third Quarter
Magna's third-quarter adjusted EBIT rose 11% year over year, while EBIT margin increased 90 basis points to 6.8%. All segments except seating increased margin. The company also finished its share repurchase program and announced a new one for 25.8 million shares expiring Nov. 8, 2027.
