Linamar Corporation (T:LNR)
Business Focus: Automotive Body Parts
| Sector: Consumer Cyclicals | Industry: Auto, Truck & Motorcycle Parts |
| Company Contact | |
| Address: | 287 Speedvale Ave W GUELPH ON N1H 1C5 |
| Tel: | N/A |
| Website: | https://www.linamar.com |
| IR: | See website |
| Key People | ||
| Linda S. Hasenfratz Chairman, Chief Executive Officer, Executive Director | Jim Jarrell President, Chief Operating Officer, Director | Dale Schneider Chief Financial Officer |
| Kurt Buehler Group President - Macdon | Salvatore Cocca Group President - Linamar Europe | Wenzhang Huang Group President - Linamar Machining and Assembly, Asia and Pacific Group |
| Mark Stoddart Executive Vice President - Marketing and Sales, Chief Technology Officer, Director | Elliot Burger Global Vice President of Corporate Development, General Counsel, Company Secretary | |
| Business Overview |
| Linamar Corporation is a Canada-based advanced manufacturing company. The Company is engaged in providing manufacturing solutions and developing engineered products. Its segments include Industrial and Mobility. The Industrial segment consists of MacDon, Salford, Bourgault, and Skyjack. MacDon manufactures combined draper headers and self-propelled windrowers for the agricultural harvesting industry. Skyjack manufactures scissor, boom, and telehandler lifts for the aerial work platform industry. The Mobility segment is focused on propulsion systems, structural and chassis systems, energy storage and power generation for both the global electrified and traditionally powered vehicle markets and is subdivided into three regional groups and one global product group: North America, Europe, Asia Pacific, and the newly formed Structures Group. The regional mobility groups are vertically integrated operations combining expertise in light metal casting, forging, machining, and assembly. |
| Financial Overview |
| For the three months ended 31 March 2024, Linamar Corp revenues increased 19% to C$2.72B. Net income increased 53% to C$178.5M. Revenues reflect Industrial segment increase of 25% to C$728.6M, Rest of North America segment increase of 68% to C$529.1M, Canada segment increase of 14% to C$1.44B, Europe segment increase of 5% to C$621M. Net income benefited from Industrial segment income increase of 33% to C$139.7M. |
| Employees: | 34,000 as of Mar 31, 2024 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $5,391M as of Mar 31, 2024 |
| Annual revenue (TTM): | $10,163M as of Mar 31, 2024 |
| EBITDA (TTM): | $1,383M as of Mar 31, 2024 |
| Net annual income (TTM): | $564.57M as of Mar 31, 2024 |
| Free cash flow (TTM): | -$85.04M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $1,828M as of Mar 31, 2024 |
| Shares outstanding: | 61,578,157 as of Mar 31, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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