Linamar demonstrated resilience by achieving strong financial results and securing new business despite challenging market conditions and tariff uncertainties. However, the company faces significant pressures from declining sales in key segments and market challenges in Europe.
Company Guidance
In the Linamar Fourth Quarter 2024 Earnings Conference Call, several key metrics were highlighted. The company achieved nearly $800 million in free cash flow for the year, while also delivering another year of double-digit earnings growth, marking the tenth time in the last 15 years. The net debt to EBITDA ratio was a healthy 0.79, showcasing a strong balance sheet. Linamar's sales for the quarter reached $2.4 billion, slightly down from the previous year, with the Mobility segment experiencing a 6% decline. However, the Industrial segment saw a 5% increase, largely due to the Bourgault acquisition. The company also repurchased 1.4 million shares under its NCIB program. Despite a challenging market, Linamar's EPS was $1.82, with normalized net earnings at $111.8 million, or 4.7% of sales, down 8% from the previous year. The company emphasized its strategic focus on flexibility, cost improvements, and capital reallocation, particularly in light of market shifts and tariffs affecting the industry.
Strong Financial Performance
Linamar achieved nearly $800 million in free cash flow for the year and reported double-digit earnings growth despite market challenges. The company also maintained a healthy balance sheet with a net debt to EBITDA ratio of 0.79.
New Business Wins
Linamar secured nearly $3.5 billion in new business for its Mobility segment, with significant takeover work growing from $150 million to $180 million, indicating strong market positioning.
Market Share Growth
Despite industry declines, Linamar increased its market share in key segments, such as a 12% increase in global content per vehicle and outperforming a 17% market decline in agriculture by maintaining growth.
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Linamar (LIMAF) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LIMAF Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Mar 05, 2025
$35.10
$36.12
+2.91%
Nov 12, 2024
$43.21
$42.29
-2.13%
Aug 08, 2024
$45.79
$45.58
-0.46%
May 08, 2024
$47.28
$50.82
+7.49%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Linamar Corp. (LIMAF) report earnings?
Linamar Corp. (LIMAF) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Linamar Corp. (LIMAF) earnings time?
Linamar Corp. (LIMAF) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.