Q1 Earnings Estimate - May 8th Q1 is typically the second strongest quarter. Based on investor presentations and commentary, estimating $2.75 Billion in sales and EPS of $2.61.
1 additional month of Mobex sales and earnings
2 months of Bourgault sales and earnings
First quarter pricing reset for Industrial
Continued strength from Agricultural and Industrial Group
Expectation of lower tax rate
Mobility margin improvement
Overall Net margin improvement
Good results and 2024 forecasts from automotive OEMs, United Rentals, Oshkosh, and Terex.
2024 full year estimate of $11.2 Billion in revenue. If Linamar can get net margins back to low end of target range (7%), EPS would be $12.70+.
Target price $120