Linamar Corp
TSX:LNR

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Linamar Corp
TSX:LNR
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Price: 81.29 CAD 0.49%
Market Cap: 4.9B CAD

Linamar Corp
Investor Relations

Nestled in the heart of Canada's industrial landscape, Linamar Corporation has carved a significant niche in the global manufacturing sector. Founded in the 1960s by the visionary Frank Hasenfratz, Linamar embarked on its journey with a focus on small powertrain components, gradually blooming into a diversified powerhouse. The company operates through two main business segments: the Powertrain/Driveline and the Industrial segment. The Powertrain/Driveline segment is the engine room of Linamar, where the company excels in the precision manufacturing of components, contributing significantly to their revenue. These high-precision products cater to automotive giants, helping them create more efficient and environmentally friendly vehicles. Linamar's prowess in this arena extends to the efficient assembly of engines and transmissions, a testament to their robust engineering capabilities.

On the other side of its operational spectrum, the Industrial segment shines a light on Linamar's diversified strategy. Through its comprehensive suite of products and services, this segment encompasses the booming demand for aerial work platforms and agricultural equipment, marking Linamar as an integral player beyond the automotive into sectors like agriculture and construction. The production of sophisticated machinery in this domain underscores its commitment to technological advancement and the ability to pivot smartly across industries. Linamar's revenue fortifies through both organic growth coupled with strategic acquisitions, allowing it to expand its footprints and reinforce its presence across various global markets. By maintaining a robust balance between product diversification and core automotive functions, Linamar consistently converts innovation into profitability, showcasing a corporate model that thrives on adaptability and technical excellence.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 12, 2025
AI Summary
Q3 2025

Solid Mobility Growth: Mobility segment earnings soared 88% year-over-year, reaching the top end of the company’s margin range and offsetting weakness in agriculture.

Industrial Weakness: Industrial sales dropped 26% due to sharply lower agricultural markets, but strong market share gains in Skyjack partly offset this.

Major Acquisitions: Announced two acquisitions—Aludyne (US) and GF Leipzig (Germany)—adding over $1 billion in sales and immediately accretive to margins.

Strong Free Cash Flow: Generated over $320 million of free cash flow in the quarter, supporting continued investment and share repurchases.

Shareholder Returns: Renewed buyback program allows repurchase of up to 10% of public float; nearly $100 million already returned to shareholders.

Guidance Unchanged: 2025 guidance remains steady, with expected sales decline but growth in EPS and net earnings, powered by Mobility; industrial segment to remain weak.

Tariff Impact Manageable: Tariffs are having only a modest impact, with strategic supply chain positioning and compliance helping to limit exposure.

Balance Sheet Strength: Net debt to EBITDA improved to 0.8x and liquidity stands at $2.2 billion, giving flexibility for growth and acquisitions.

Key Financials
Sales
$2.5 billion
Mobility Segment Sales
$1.9 billion
Mobility Segment Operating Earnings
$165.9 million
Industrial Segment Sales
$619.7 million
Industrial Segment Operating Earnings
$61.7 million
Normalized Net Earnings
$150.1 million
Normalized EPS
$2.51
Free Cash Flow
$321 million
Cash Position
$1.2 billion
Net Debt to EBITDA
0.8x
Liquidity
$2.2 billion
Available Credit
$978.2 million
Shares Repurchased
1.8 million shares
Skyjack Unit Volume Growth
up 46% YoY
Mobility New Business Wins (TTM)
$1.8 billion annualized value
Q3 New Business Wins
$457 million
Earnings Call Recording
Other Earnings Calls

Management

Ms. Linda S. Hasenfratz
Executive Chairman of the Board
No Bio Available
Mr. Jim Jarrell
President, CEO & Director
No Bio Available
Mr. Dale Schneider C.M.A.
Chief Financial Officer
No Bio Available
Mr. Mark Stoddart
CTO, Executive VP of Sales & Marketing and Non-Independent Director
No Bio Available
Mr. Elliot Burger
General Counsel, Corporate Secretary & Global VP Corporate Development
No Bio Available
Ms. Roxanne Phyllis Rose
Executive Vice President of Human Resources
No Bio Available
Mr. Wenzhang Huang
Group President of Linamar Manufacturing - Asia Pacific
No Bio Available
Kurt Lawrence Buehler
Group President of MacDon
No Bio Available

Contacts

Address
ONTARIO
Guelph
287 Speedvale Ave W
Contacts
+15198367550.0
www.linamar.com