Mexican Media Brands
Linamar’s 3Q Sales, Earnings Surge
Linamar Corp.’s third-quarter sales climbed 25% to C$1.3 billion (US$967 million), and net earnings jumped 37% to C$82 million ($62 million). Operating earnings grew 35% to C$144 million ($109 million).
#economics
Share
Linamar Corp.’s third-quarter sales climbed 25% to C$1.3 billion (US$967 million), and net earnings jumped 37% to C$82 million ($62 million). Operating earnings grew 35% to C$144 million ($109 million).
The Guelph, Ontario-based supplier of precision metal cast, forged and machined powertrain components says results were aided by acquisitions and organic growth in all major markets.
Linamar's sales and net earnings through the first nine months were up 24% and 37%, respectively. CEO Linda Hasenfratz says the company is on track to post another record year in 2015.
RELATED CONTENT
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.