TORONTO — Magna International Inc. is upping its sales outlook for 2025 as demand for light vehicle production remains steady despite geopolitical headwinds, the auto parts company said on Friday.
The company reported US$305 million in net income attributable to the company, down from US$484 million in the same quarter last year.
The company, which keeps its books in U.S. dollars, said the profit amounted to US$1.08 per diluted share for the quarter ended Sept. 30 compared with US$1.68 per diluted share a year earlier.
Sales for the quarter totalled US$10.46 billion, up from US$10.28 billion in the same quarter last year.
On an adjusted basis, it earned US$1.33 per diluted share in its most recent quarter, up from an adjusted profit of US$1.28 per diluted share a year earlier.
In its outlook, Magna said it now expects company sales for the year to total between US$41.1 billion and US$42.1 billion compared with earlier guidance for between US$40.4 billion and US$42 billion.
“While the current environment makes forecasting more challenging than usual, we remain focused on what we can control and continue to adapt to evolving conditions,” chief executive Swamy Kotagiri told analysts during the earnings conference call on Friday.
The company also raised its North American production forecast to 15 million units, up by about 300,000 units.
He said fourth-quarter margins are also expected to improve, “driven primarily by commercial and net tariff recoveries from customers.”
Adjusted net income attributable to the company is expected to be between US$1.45 billion and US$1.55 billion compared with earlier guidance for between US$1.35 billion and US$1.55 billion.
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Ritika Dubey, The Canadian Press
This report by The Canadian Press was first published Oct. 31, 2025.
