07:29:49 EDT Tue 22 Oct 2024
Enter Symbol
or Name
USA
CA



Linamar Corp
Symbol LNR
Shares Issued 61,578,157
Close 2024-05-08 C$ 65.79
Market Cap C$ 4,051,226,949
Recent Sedar Documents

Globe/wire say Linamar posts wider Q1 earnings

2024-05-09 07:13 ET - In the News

The Globe and Mail reports in its Thursday, May 9, edition that Linamar says earnings were up in its first quarter from last year as revenue rose on market share growth and acquisitions. A Reuters dispatch to The Globe reports that the auto parts manufacturer says it had net income of $178.5-million for the quarter ended March 31, up from $117-million in the same quarter last year. Sales totalled $2.72-billion, up from $2.29-billion last year. Linamar says sales in its industrial segment were up 24.5 per cent thanks to both market share growth for combine equipment and its acquisition of Bourgault, a farm equipment manufacturer. It says sales in its mobility quarter were up 16.7 per cent, boosted both by acquisitions in Linamar Structures and its launching of programs and increased volumes. Linamar says normalized earnings were $159.6-million, up from $121.7-million last year.

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