Linamar Corp
OTC:LIMAF

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Linamar Corp
OTC:LIMAF
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Price: 74.5 USD -1.7%
Market Cap: $4.6B

Linamar Corp
Investor Relations

Linamar Corp is a Canadian manufacturer that makes precision metal parts and machines for vehicles and industrial equipment. In its auto business, it supplies driveline, engine, transmission, and structural components to car and truck makers. It also sells industrial equipment such as aerial work platforms and farm machinery through its industrial brands. Its main customers are vehicle manufacturers, commercial equipment buyers, and dealers that sell industrial machines to end users. Linamar makes money by designing parts and equipment, manufacturing them in its plants, and selling them into long-term supply relationships. A large part of the business depends on being a reliable tier-one supplier that can produce complex metal components at scale. What makes Linamar different is that it sits deep in the manufacturing chain rather than selling finished consumer products. It combines engineering, machining, assembly, and global production, which lets it serve both auto and industrial markets with similar manufacturing know-how. That mix gives the company two different end markets while still relying on the same core skill: making high-precision hardware.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
May 6, 2026
AI Summary
Q1 2026

Record Quarter: Linamar said Q1 was a record quarter for sales, earnings per share and new business wins, driven mainly by a very strong Mobility segment.

Tariff Impact: Management said the new Section 232 tariffs mainly affect select Industrial products, while more than 90% of sales are not impacted. Tariffs are now expected to create a modest margin headwind in 2026.

Strong Cash: Free cash flow was unusually strong for a first quarter at nearly $220 million, and leverage stayed very low at 0.6x net debt to EBITDA.

Acquisition Payoff: Recent distressed acquisitions, including Aludyne, Leipzig and Winning facilities, were described as accretive and strategically important for technology and product expansion.

Outlook: Management expects double-digit sales growth and EPS growth in 2026, but now sees a modest reduction in normalized net earnings margins because of tariffs.

Key Financials
Sales
$2.9 billion
Normalized net earnings
$195.8 million
Normalized EPS
$3.28
Free cash flow
nearly $220 million
Mobility sales
$2.3 billion
Mobility normalized operating earnings
$183.5 million
Industrial sales
$675.4 million
Industrial normalized operating earnings
$105.7 million
Net debt to EBITDA
0.6x
Cash
$1.2 billion
Liquidity
$2 billion
Available credit
$805.6 million
Free cash flow
$218.6 million
Share repurchases since November 2024
$159 million
Current NCIB repurchases
approximately $59 million
Q1 new business wins
$758 million
CPV
$99.47
Skyjack volume
66%
North America new business wins
60% of the total won in 2025
Canadian new business wins
more than 70% of the value of full-year 2025 wins
Aludyne opportunities
over $250 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
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