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A MAGNA PRESS RELEASE MAGNA ANNOUNCES THIRD QUARTER 2021 RESULTS • Sales decreased 13 % to $ 7.9 billion , reflecting a global light vehicle production decrease of 12 % , including decreases of 20 % in Europe , 19 % in North America and 12 % in China • Diluted earnings per share and adjusted diluted earnings per share of $ 0.04 and $ 0.56 , respectively , compared to $ 1.35 and $ 1.95 last year • Results negatively impacted by lower light vehicle production substantially due to continued industry semiconductor chip shortages , production inefficiencies driven by unpredictable OEM production schedules , increased production and commodity costs and a provision on engineering service contracts _ AURORA , Ontario , November 5 , 2021 — Magna International Inc. ( TSX : MG ; NYSE : MGA ) today reported financial results for the third quarter ended September 30 , 2021 . THREE MONTHS ENDED SEPTEMBER 30 , NINE MONTHS ENDED SEPTEMBER 30 , Reported 2021 2020 2021 2020 Sales $ 7,919 $ 9,129 $ 27,132 $ 22,079 Income from operations before income taxes 27 $ 436 $ 1,372 33 Net income attributable to $ 11 $ 405 $ 1,050 $ 19 Magna International Inc. Diluted earnings per share $ 0.04 $ 1.35 3.46 $ 0.06 Non - GAAP Financial Measures ( 1 ) Adjusted EBIT $ 229 $ 778 $ 1,556 $ 581 Adjusted diluted earnings per share $ 0.56 $ 1.95 3.83 1.12 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 . MAGNA ANNOUNCES THIRD QUARTER 2021 RESULTS CONNECT WITH MAGNA 1 in yo fo