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    LNR   CA53278L1076

LINAMAR CORPORATION

(LNR)
  Report
Delayed Toronto Stock Exchange  -  11:41 2022-11-30 am EST
65.57 CAD   -0.95%
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Linamar reports sales up on market share, pricing, while income dips to $105M

08/10/2022 | 04:46pm EST

GUELPH, Ont.Linamar Corp. says sales climbed in its last quarter on increased market share and higher pricing while profits saw a modest dip in part on higher input costs.

The manufacturer says net income for the quarter ending June 30 came in at $104.5 million, or $1.61 per share, down from $108 million or $1.65 per share.

Adjusted net earnings were $109.3 million, or $1.68 per share, up from $106.9 million or $1.63 per share.

Sales came in at $1.98 billion, up from $1.58 billion for the same quarter last year.

Analysts had expected revenue of $1.8 billion and an adjusted net income of $1.09 per share, according to financial markets data firm Eikon.

The company says sales were also boosted by fewer supply chain problems, as well as acquisitions in both its industrial and mobility segments.

This report by The Canadian Press was first published August 10, 2022.

Companies in this story: (TSX:LNR)

© 2022 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Analyst Recommendations on LINAMAR CORPORATION
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Financials
Sales 2022 7 886 M 5 788 M 5 788 M
Net income 2022 - - -
Net Debt 2022 27,0 M 19,8 M 19,8 M
P/E ratio 2022 -
Yield 2022 1,25%
Capitalization 4 101 M 3 010 M 3 010 M
EV / Sales 2022 0,52x
EV / Sales 2023 0,47x
Nbr of Employees 27 619
Free-Float 67,3%
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Technical analysis trends LINAMAR CORPORATION
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TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 4
Last Close Price 66,20 CAD
Average target price 75,25 CAD
Spread / Average Target 13,7%
Managers and Directors
Linda S. Hasenfratz Executive Chairman & Chief Executive Officer
James Daniel Jarrell President, Chief Operating Officer & Director
Dale Schneider Financial Analyst
Mark Stoddart Non-Independent Director
Terry J. Reidel Independent Director
Sector and Competitors