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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).
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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.
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