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Linamar Corp T.LNR

Alternate Symbol(s):  LIMAF

Linamar Corporation is a Canada-based advanced manufacturing company. The Company is engaged in providing manufacturing solutions and developing engineered products. Its segments include Industrial and Mobility. The Industrial segment consists of MacDon, Salford, Bourgault, and Skyjack. MacDon manufactures combined draper headers and self-propelled windrowers for the agricultural harvesting industry. Skyjack manufactures scissor, boom, and telehandler lifts for the aerial work platform industry. The Mobility segment is focused on propulsion systems, structural and chassis systems, energy storage and power generation for both the global electrified and traditionally powered vehicle markets and is subdivided into three regional groups and one global product group: North America, Europe, Asia Pacific, and the newly formed Structures Group. The regional mobility groups are vertically integrated operations combining expertise in light metal casting, forging, machining, and assembly.


TSX:LNR - Post by User

Post by longrun86on Nov 12, 2024 4:35pm
148 Views
Post# 36308964

Results Better than expected at $2.35 Normalized EPS

Results Better than expected at $2.35 Normalized EPSA few analysts had downgraded their EPS estimates and corresponding share price targets.

Q3 was a bit shy of the early estimates but beat the revised estimates by a decent margin. The Mobility segment was a drag but the Industrial segment continues to grow very nicely.

The NCIB announcement and early repayment of $75 million in debt from the Bourgault acquisition is a good sign for shareholders.

At the current price, shareholders should be pounding the table for buybacks to commence.

Looking forward to the conference call.

LR
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