Linamar Corp T.LNR

Results Better than expected at $2.35 Normalized EPS

[longrun86]

A 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

[Jonathan9]

$270 million free cash in the quarter. Paid down debt.  Improved leverage. Expect more of the same in Q4. On the conference call in the Q&A they confirmed active NCIB starting on the 15th. To start immediately. Macdon clearly a crown jewel. Outperformimg competitors in all 3 segments. (Compare to Martinrea's result which had significant decrease in sales and earnings with a highly