2024-02-09 12:54:13 ET
Magna International Inc. (MGA)
Q4 2023 Earnings Conference Call
February 09, 2024, 8:00 AM ET
Company Participants
Louis Tonelli - Vice President, Investor Relations
Swamy Kotagiri - Chief Executive Officer
Patrick McCann - Executive Vice President and Chief Financial Officer
Conference Call Participants
John Murphy - Bank of America
Chris McNally - Evercore ISI
Tamy Chen - BMO Capital Markets
Mark Delaney - Goldman Sachs
Tom Narayan - RBC Capital
Itay Michaeli - Citigroup
Krista Friesen - CIBC
Rod Lache - Wolfe Research
Brian Morrison - TD Securities
Colin Langan - Wells Fargo
Joseph Spak - UBS Securities
Michael Glen - Raymond James
Presentation
Operator
Greetings and welcome to the Magna International Q4 and Year-End 2023 Results and 2024 Outlook Conference Call. During the presentation, all participants will be in a listen-only mode. Afterwards, we will conduct a question-and-answer session. [Operator Instructions] As a reminder, this conference is being recorded today, Friday, February 9th, 2024.
I would now like to turn the call over to Louis Tonelli, Vice President, Investor Relations.
Louis Tonelli
Thanks. Hello, everyone, and welcome to our conference call covering our 2023 results and our 2024 outlook. Joining me today are Swamy Kotagiri and Pat McCann. Yesterday, our Board of Directors met and approved our financial results for the fourth quarter of 2023 as well as our 2024 financial outlook.
We issued a press release this morning outlining both of these. 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 the reminder slide included in our presentation that relates to our commentary today. This morning, we will cover our 2023 highlights as well as our Q4 results. We will then provide our '24 outlook and lastly, run through our financial strategy.
And with that I'll pass it over to Swamy.
Swamy Kotagiri
Thank you, Louis. Good morning, everyone. I appreciate you joining our call today, and let's jump right in. Overall, I was pleased with our 2023 operating performance, including good launch execution that helped us to continue to drive organic sales growth over market and record sales of $42.8 billion....
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Magna International Inc. (MGA) Q4 2023 Earnings Call Transcript