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Linamar Corp. (TSE:LNR)
TSX:LNR
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Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.57Last Year’s EPS
1.98Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: -4.02%
|Next Earnings Date:Aug 07, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted strong financial results, impressive free cash flow, and significant market share growth despite challenging market conditions. However, the company faces headwinds in the Mobility segment due to volatile OEM production and in the Industrial segment due to expected sales declines. The new capital allocation strategy and NCIB initiation are positive steps towards shareholder value creation.Company Guidance
During the Linamar Q3 2024 earnings call, the company provided robust guidance, highlighting key metrics and strategic directions. Sales for the quarter reached $2.64 billion, marking an 8.3% increase from the previous year, with the Industrial segment witnessing a 24% rise largely due to MacDon's market share growth and the Bourgault acquisition. The Mobility segment experienced a modest 2% sales increase, despite market challenges. Net earnings were reported at $144.6 million, a 6.1% leap from Q3 2023, with an EPS of $2.35, up by 6.3%. Free cash flow was notably strong at $270 million, a significant improvement over previous years. The company emphasized maintaining a prudent balance sheet, targeting net debt-to-EBITDA under 1.5x, and achieving a 1x ratio this quarter. Linamar also outlined a new capital allocation strategy, prioritizing growth investments and shareholder returns through dividends and a newly initiated normal course issuer bid (NCIB) to repurchase up to 4 million shares, reflecting confidence in their undervalued share price.Financial Performance
Sales hit $2.64 billion, up 8.3% over last year. Both Mobility and Industrial segments saw double-digit operating earnings growth.
Free Cash Flow
Generated $270 million in free cash flow, putting the company on track for a strong year-end result.
Market Share Growth
Significant market share growth in both Mobility and Industrial segments, with MacDon combine draper market share growth well exceeding a declining market.
Mobility Content Per Vehicle Growth
Content per vehicle in the Mobility segment grew by nearly 6% quarter-over-quarter in a market that saw a 4.4% production decrease.
Capital Allocation Strategy
Announced a new capital allocation strategy and initiated a Normal Course Issuer Bid (NCIB) to return cash to shareholders.
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TSE:LNR Earnings History
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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TSE:LNR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | C$60.23 | C$59.63 | -0.99% |
| Aug 08, 2024 | C$62.79 | C$62.13 | -1.04% |
| May 08, 2024 | C$65.02 | C$69.43 | +6.78% |
| Mar 06, 2024 | C$62.59 | C$69.75 | +11.44% |
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. (TSE:LNR) report earnings?
Linamar Corp. (TSE:LNR) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is Linamar Corp. (TSE:LNR) earnings time?
Linamar Corp. (TSE:LNR) earnings time is at Mar 05, 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.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:LNR EPS forecast?
TSE:LNR EPS forecast for the fiscal quarter 2024 (Q4) is 1.57.
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