“Our updated outlook for 2018 substantially reflects the strengthening U.S. dollar, reduced equity income from joint ventures in our transmission business, and the estimated impact of tariffs. The reduction to our equity income outlook in 2020, and the corresponding reduction to our Adjusted EBIT margin percentage reflects a continuation of some of the trends impacting our joint venture transmission business this year. We continue to be focused on reinvesting in our businesses and returning excess capital to our shareholders. In the quarter, we returned $844 million in the form of dividends and share repurchases to Magna shareholders bringing our full year total to approximately$1.1 billion.”
“Our updated outlook for 2018 substantially reflects the strengthening U.S. dollar, reduced equity income from joint ventures in our transmission business, and the estimated impact of tariffs. The reduction to our equity income outlook in 2020, and the corresponding reduction to our Adjusted EBIT margin percentage reflects a continuation of some of the trends impacting our joint venture transmission business this year. We continue to be focused on reinvesting in our businesses and returning excess capital to our shareholders. In the quarter, we returned $844 million in the form of dividends and share repurchases to Magna shareholders bringing our full year total to approximately$1.1 billion.”