Linamar Achieves Record Sales and Earnings Growth in 2024

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Linamar Achieves Record Sales and Earnings Growth in 2024

The latest update is out from Linamar ( (TSE:LNR) ).

Linamar Corporation reported record sales exceeding $10 billion in 2024, marking an 8.7% increase from the previous year. The company achieved double-digit earnings growth and exceptional free cash flow, highlighting its strong financial performance. Linamar’s industrial segment saw a 16.9% sales increase due to acquisitions and market share gains, while the mobility segment reported a 5.7% sales rise despite market challenges. The company’s strategic moves, including share repurchases and maintaining dividends, underscore its commitment to returning value to shareholders.

More about Linamar

Linamar Corporation operates in the industrial and mobility sectors, focusing on manufacturing and supplying products for agricultural and automotive markets. The company has expanded its market share through strategic acquisitions and program launches.

YTD Price Performance: -14.29%

Average Trading Volume: 24,067

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $2.05B

For an in-depth examination of LNR stock, go to TipRanks’ Stock Analysis page.

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