About Linamar Corporation
Linamar Corporation (TSX:LNR) manufactures highly engineered products, powering vehicles, motion, work, and lives and is ranked 33rd among the top 100 automotive suppliers in North America.
It has 57 manufacturing locations, 6 research and development centres, and 21 sales offices in 17 countries in North and South America, Europe, and Asia.
Q2 2016 and half-year results
Today Linamar rose a whopping 10% after releasing its Q2 2016 results.
Linamar increased its sales by 21% to record levels of $1.66 billion and increased its operating earnings by 29% to record levels of $213.7 million compared to Q2 2015.
The double-digit growth is attributable to its Powertrain/Driveline segment, which delivered strong sales and operating earnings growth of 26.1% and 45%, respectively. This more than covered for the “meh” results from its Industrial segment, whose sales increased 2.1% and operating earnings declined 3.3%, because the Powertrain/Driveline segment contributed about 84% of the sales and 79% of the operating earnings in the first half of the year. Read More