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A MAGNA MAGNA ANNOUNCES FIRST QUARTER 2021 RESULTS • Sales of $ 10.2 billion increased 18 % • Global light vehicle production was up 18 % driven by an 87 % increase in China • Income from operations before income taxes increased 109 % Adjusted EBIT was up 91 % • Diluted earnings per share and adjusted diluted earnings per share increased 136 % and 116 % , respectively • Increased 2021 outlook to reflect modestly higher sales and Adjusted EBIT margin expectations AURORA , Ontario , May 6 , 2021 Magna International Inc. ( TSX : MG ; NYSE : MGA ) today reported financial results for the first quarter ended March 31 , 2021 . Reported Sales Income from operations before income taxes Net income attributable to Magna International Inc. Diluted earnings per share Non - GAAP Financial Measures ( 1 ) Adjusted EBIT Adjusted diluted earnings per share PRESS RELEASE MAGNA ANNOUNCES FIRST QUARTER 2021 RESULTS $ $ $ $ March 31 , 2021 $ $ THREE MONTHS ENDED 10,179 805 615 2.03 770 1.86 March 31 , 2020 $ 8,657 $ $ $ $ 386 261 0.86 403 0.86 All results are reported in millions of U.S. dollars , except per share figures , which are in U.S. dollars ( 1 ) Adjusted EBIT and Adjusted diluted earnings per share are Non - GAAP financial measures that have no standardized meaning under U.S. GAAP , and as a result may not be comparable to the calculation of similar measures by other companies . A reconciliation of these Non - GAAP financial measures is included in the back of this press release . CONNECT WITH MAGNA in yo fo 1