Magna International (MGA) said Wednesday that it expects to target compound annual adjusted earnings per share growth of at least 15% through 2030.
The company also targets annual organic sales growth of 2% to 4% above the market, at least 200 basis points of adjusted EBIT margin improvement by 2030 and average free cash flow conversion of 85% or more for 2027 to 2030.
Magna targets adjusted return on invested capital above 15% by 2030, with existing business and awarded programs supporting more than 90% of expected 2028 sales and over 60% of 2030 sales, the company said.
The company intends to repurchase nearly 26 million shares over the next 12 months under its renewed normal course issuer bid, it added.
Magna International shares were up more than 1% in recent Wednesday premarket activity.
