TORONTO — Magna International Inc. reported its third-quarter profit rose compared with year ago as its revenue edged lower.
The auto parts maker, which keeps its books in U.S. dollars, says its net income attributable to the company amounted to US$383 million or US$1.44 per diluted share for the quarter ended Sept. 30.
The result compared with a profit of US$305 million or US$1.08 per diluted share in the same quarter last year.
Sales for the quarter totalled US$10.06 billion, down from US$10.46 billion a year earlier.
Magna says the decline reflected lower light vehicle production and the impact of divestitures.
On an adjusted basis, Magna says it earned US$1.83 per share in its latest quarter, up from an adjusted profit of US$1.33 per share a year earlier.
This report by The Canadian Press was first published Oct. 30, 2026.
