Magna International Inc (NYSE:MGA)

$ 44.19 0.02 (0.05%) Market Cap: 12.71 Bil Enterprise Value: 19.23 Bil PE Ratio: 11.82 PB Ratio: 1.06 GF Score: 76/100

Q1 2019 Magna International Inc Earnings Call Transcript

May 09, 2019 / 12:30PM GMT

Release Date Price: $47.86 (-10.04%)

Transcript

Operator

Greetings, and welcome to the first quarter 2019 results conference call. (Operator Instructions) As a reminder, this conference is being recorded, Thursday, May 9, 2019.

I would now like to turn the conference over to Louis Tonelli, Vice President of Investor Relations. Please go ahead.

Louis Tonelli

Magna International Inc. - VP of IR

Thanks very much. Hello, everyone, and welcome to our first quarter 2019 conference call. We will have formal comments today from Don Walker, Chief Executive Officer; Swamy Kotagiri, Chief Technology Officer and President of our Power & Vision segment; and Vince Galifi, Chief Financial Officer. Also joining us today are Eric Goldstein and Jim Floros from our IR team.

Yesterday, our Board of Directors met and approved our financial results for the first quarter ended March 31, 2019. We issued a press release this morning for the quarter. You'll find the press release, today's conference call webcast, the slide presentations to go along with the call and our updated quarterly financial review all in the

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