What caused MGA's earnings to surge in Q4 2024?

Magna International's (MGA) earnings surge in Q4 2024 can be attributed to **Revenue Growth** and **Cost Management**.

1. **Revenue Growth**: The company's total sales remained steady at $42.8 billion in 2024, despite challenges such as lower production volumes and currency fluctuations. This stability in revenue, coupled with a slight increase in sales compared to the previous year, contributed to the earnings surge. Revenue for the quarter totaled $10.67 billion, exceeding analyst estimates of $9.90 billion, and showcased a growth rate of 10.7% compared to the previous year.
2. **Cost Management**: Magna International's strategic focus on cost management likely played a significant role in improving profitability. The company's positive FCF outlook and continued dividend payments indicate effective management of costs and a strong financial position.

In summary, the combination of revenue growth and cost management initiatives contributed to Magna International's earnings surge in Q4 2024.