Magna International (MGA) Tops Q4 EPS by 80c, Revenues Beat; Offers FY21 Revenue Guidance Above Consensus
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Magna Announces Fourth Quarter 2020 Results and Outlook
February 19, 2021 5:00 AM ESTFourth Quarter 2020 Highlights
Sales of $10.6 billion increased 12%, compared to higher global light vehicle production of 4%Diluted earnings per share of $2.45, compared to $1.43 in the fourth quarter of 2019Adjusted diluted earnings per share of $2.83, more than double the fourth quarter of 2019Cash from operating activities of $2.3 billion, compared to $1.7 billion in the fourth quarter of 2019Raised quarterly cash dividend by 8% to $0.43 per shareFull Year 2020 Highlights
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