Magna International Inc. today reported financial results for the first quarter ended March 31, 2021. Please click HERE for full first quarter Financial Statements and MD&A.
|THREE MONTHS ENDED|
|March 31, 2021||March 31, 2020|
|Income from operations|
before income taxes
|Net income attributable to|
Magna International Inc.
|Diluted earnings per share||$||2.03||$||0.86|
|Non-GAAP Financial Measures(1)|
|Adjusted diluted earnings per share||$||1.86||$||0.86|
|All results are reported in millions of U.S. dollars, except per share figures, which are in U.S. dollars|
(1) Adjusted EBIT and Adjusted diluted earnings per share are Non-GAAP financial measures that have no standardized meaning under U.S. GAAP, and as a result may not be comparable to the calculation of similar measures by other companies. A reconciliation of these Non-GAAP financial measures is included in the back of this press release.
Please click here to view the full press release.