Magna International Inc. (NYSE:MGA) Q3 2023 Earnings Conference Call November 3, 2023 8:00 AM ET

Company Participants

Swamy Kotagiri - Chief Executive Officer

Patrick McCann - Executive Vice President, Chief Financial Officer

Louis Tonelli - Vice President, Investor Relations

Conference Call Participants

Chris McNally - Evercore

Mark Delaney - Goldman Sachs

Tom Narayan - RBC Capital Markets

Dan Levy - Barclays

Colin Langan - Wells Fargo

Joseph Spak - UBS Securities

James Picariello - BNP Paribas

Jonathan Goldman - Scotiabank

Michael Glen - Raymond James

Operator

Greetings and welcome to the Q3 2023 results. During the presentation, all participants will be in a listen-only mode. Afterwards, we will conduct a question and answer session. At that time, if you have a question, please press the one followed by the four on your telephone. If at any time during the conference, you need to reach an operator, you may press the star, followed by the zero.

As a reminder, this conference is being recorded Friday, November 3, 2023.

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

Louis Tonelli

Thanks Tommy. Hello everyone and welcome to our conference call covering our third quarter of 2023. Joining me today are Swamy Kotagiri and Pat McCann.

Yesterday, our board of directors met and approved our financial results for the third quarter of ’23 as well as our updated ’23 outlook. We issued a press release this morning outlining our results. 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-looking information or forward-looking statements within the meaning of applicable securities legislation Such statements involve certain risks, assumptions and uncertainties which may cause the company’s actual or future results and performance to be materially different from those expressed or implied in these statements. Please refer to today’s press release for a complete description of our Safe Harbor disclaimer.

Please also refer to our reminder slide included in the presentation that relates to our commentary today.

With that, I’ll pass it over to Swamy.

Swamy Kotagiri

Thank you Louis. Good morning everyone. I appreciate you all joining our call today as we share our third quarter earnings results.