Magna International Inc

MG: XTSE (CAN)
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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.

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