Magna Aluminum Profile's fully electric powered extrusion facility in Salaberry-de-Valleyfield, Que., is photographed on Wednesday, Sept. 3, 2025.Christopher Katsarov/The Canadian Press
Magna International Inc. MG-T reported a profit attributable to the company of US$469 million in its latest quarter, up from a profit of US$379 million a year earlier.
The Ontario-based automotive supplier, which keeps its books in U.S. dollars, says the profit amounted to $1.72 per diluted share for the quarter ended June 30 compared with a profit of $1.35 per diluted share a year ago.
On an adjusted basis, Magna says it earned US$1.86 per share in its latest quarter compared with an adjusted profit of US$1.44 per share a year earlier.
Sales totalled US$11.0 billion for the second quarter, up three per cent from a year ago.
In its updated outlook, Magna says it now expects its sales for 2026 to total between US$41.3 billion and US$42.5 billion, down from its earlier forecast for between $41.5 billion and US$43.1 billion.
Magna says it expects its adjusted earnings per share for 2026 to be between US$6.70 and US$7.30, up from its earlier forecast of US$6.25 and US$7.25.