Post by
Jonathan9 on Mar 03, 2024 8:24pm
Q4 earnings - March 6th
Linamar reports Q4 earnings this Wednesday.
Expect record sales >9.7 Billion and EPS of $8.60+ for the year.
First quarter with Full Dura Shiloh sales and earnings and partial Mobex sales and earnings.
Typically Q4 is the weakest quarter.
Many competitors have posted subpar results for Q4 so there is an opportunity for upside with a positive surprise as market expectations are low.
Potential for dividend increase to $0.24 based on past increases.
Expect $10 Billion + in sales and $10 + per share earnings in 2024. Outperformance if access and ag businesses continue to perform.
Current earning picture will not be clear until Q2 with Bourgault included. Expect lower CapEx in 2024 with rapid debt repayment. One of the best balance sheets in the industry.
Comment by
Jonathan9 on Mar 07, 2024 12:32am
Great quarter. Dividend hike. Improving mobility margins, Industrial continuing to do well. Outperforming peers. P/E of 7 with expected continued double digit growth. Market is sleeping on this company.