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 2020 Magna International Inc Earnings Call Transcript

May 07, 2020 / 12:00PM GMT

Release Date Price: $38.25 (+4.94%)

Transcript

Operator

Greetings, and welcome to the first quarter 2020 results. (Operator Instructions) As a reminder, today's call is being recorded Thursday, May 7, 2020.

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

Louis Tonelli

Magna International Inc. - VP of IR

Thanks, Tommy. Hello, everyone, and welcome to our first quarter 2020 conference call. We will have formal comments today from Don Walker, Swamy Kotagiri and Vince Galifi. Joining us today are Eric Goldstein and Jim Floros from Magna's IR team.

Yesterday, our Board of Directors met and approved our financial results for the first quarter ended March 31, 2020. We issued a press release this morning for the quarter. You'll find the press release, today's conference call webcast, the slide presentation to go along with the call and our updated quarterly financial review all in the Investor Relations section of our website at magna.com.

Before we get started, just as a reminder, the discussion today may contain forward

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