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Linamar Posts Record Sales, Earnings
Canadian supplier Linamar Corp. says an acquisition helped its sales and net earnings last year climb 16% to C$6.0 billion ($4.4 billion) and 20% to C$522 million ($387 million), respectively.
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Canadian supplier Linamar Corp. says an acquisition helped its sales and net earnings last year climb 16% to C$6.0 billion ($4.4 billion) and 20% to C$522 million ($387 million), respectively. Both results are record highs.
Fourth-quarter sales advanced 11% to C$1.4 billion ($1 billion), and earnings jumped 22% to C$116 million ($86 million).
Linamar supplies the auto industry with highly engineered cast, forged and machined metal powertrain components. In January 2016 the company acquired Montupet SA, a French supplier of aluminum cylinder heads to Audi, BMW, PSA, Daewoo, Ford, General Motors, Nissan, Renault and Volvo.
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