Magna International's Q2 net income declined to $328 million from $354 million a year prior.
Magna International, an auto parts manufacturer, reported a Q2 net income decline to $328 million, down from $354 million a year prior. The firm's 2Q22 sales were almost unchanged at $10.96 billion, compared to $10.98 billion in 2021. Magna International anticipates annual sales of between $42.5 billion and $44.1 billion, with 2026 sales forecasted to range between $44 billion and $46.5 billion.
August 02, 2024
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