Magna International Inc (NYSE:MGA)
$ 41.79 -0.37 (-0.88%) Market Cap: 12.01 Bil Enterprise Value: 19.00 Bil PE Ratio: 11.17 PB Ratio: 1.04 GF Score: 75/100

Magna International Inc Annual Shareholders Meeting Transcript

May 09, 2019 / 02:00PM GMT
Release Date Price: $47.86 (-10.04%)
William L. Young
Magna International Inc. - Chairman of the Board

The meeting will now come to order. As Chairman of Magna's Board of Directors, I wish to welcome everyone to this Annual Meeting of Magna International Inc. Welcome also to all of those who are watching the webcast of this meeting. Before I turn over the meeting to Magna's management for the legal formalities, I would like to make a few general comments on behalf of the Board.

In spite of significant volatility during 2018, Magna delivered strong financial and operational performance and continued to make progress in executing its long-term strategy. Magna's continued success over the long term remains the Board's #1 priority. Working constructively with management, we aim to place the company in a strong position to take advantage of the strategic opportunities and address the strategic threats, which characterize a rapidly evolving industry.

Our work in this regard is focused on decisions concerning product portfolio, allocation of capital, acquisitions, divestitures, joint ventures and strategic investments and uses

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