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Linamar Reports Double-Digit Earnings Growth
Canada’s Linamar Corp.’s operating and net earnings surged in the first quarter of 2017 by 12% to C$192 million ($140 million) and 15% to C$145 million ($106 million), respectively.
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Canada’s Linamar Corp.’s operating and net earnings surged in the first quarter of 2017 by 12% to C$192 million ($140 million) and 15% to C$145 million ($106 million), respectively.
The supplier of highly engineered machined and forged parts reports its revenue in January-March climbed to C$1.7 billion ($1.2 billion) from C$1.5 billion in the same period last year.
Growth for the Guelph, Ont.-based company was driven by a combination of new business and acquisitions. Results marked the company’s 23rd consecutive quarter of year-on-year gains.
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