Mexican Media Brands
Linamar Reports Record 1Q Sales, Earnings
Linamar Corp. say strong demand in all markets hiked its first-quarter sales, operating earnings and net income to record highs.
#economics
Share
Linamar Corp. say strong demand in all markets hiked its first-quarter sales, operating earnings and net income to record highs.
The Canadian supplier of precision metal components reports its sales climbed 19% to $1.5 billion (US$1.2 billion), operating earnings grew 11% to $172 million (US$134 million) and net income rose 11% to $126 million (US$98 million).
The company’s powertrain/driveline business boosted its first-quarter sales 24% to $253 million (US$196 million) through a combination of acquisitions, an increased global presence and new business in North America and Europe.
Last year Linamar’s sales jumped 24% to $5.2 billion, operating earnings rose 34% to $597 million, and net earnings zoomed 36% to $437 million.
RELATED CONTENT
-
on the Genesis GV60 interior, EV sales in H1, Bentley Bentayga's wood work, Faurecia's advanced manufacturing & more
The strange glowing orb in the Genesis GV60. . .global EV sales in the first half. . .creating wood for the Bentayga interior. . .the importance of material handling at Faurecia. . .lux ATPs. . .fast Porsche. . .fast Lambo. . .the Avalon Hybrid. . .Silverado steel. . .
-
Achieving Efficiency?
A look at on-road fuel economy changes over 92 years.
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.