Magna International targets adjusted EPS CAGR of at least 15% through 2030
MGA•Magna International set a target for adjusted EPS compound annual growth of at least 15% through 2030 and plans to repurchase almost 26 million shares over the next 12 months. It also targets organic sales growth of 2% to 4% above the market through 2030.
1. 2030 targets
Magna International unveiled financial targets at its investor day, including adjusted EPS compound annual growth of at least 15% and organic sales growth of 2% to 4% above the market through 2030. The company also renewed its normal course issuer bid and plans to repurchase almost 26 million shares over the next 12 months.
