Canada · Delayed Price · Currency is CAD Linamar Earnings Call Transcripts
Fiscal Year 2025
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Record earnings and strong free cash flow in 2025 were driven by mobility growth and strategic acquisitions, offsetting industrial and ag market declines. 2026 guidance remains positive, with mobility expected to lead growth despite ongoing market volatility.
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Q3 2025 saw robust Mobility segment growth and strong free cash flow, offsetting Industrial weakness. Two major acquisitions expand capabilities and revenue, while guidance remains positive for Mobility and cautious for Industrial amid ongoing tariff and supply chain risks.
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Q2 2025 saw strong mobility earnings and cash flow offsetting industrial weakness, with market share gains and minimal tariff impact. Guidance calls for continued mobility growth and industrial recovery in 2026, supported by disciplined capital allocation and robust liquidity.
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Earnings and margins grew in Q1 2025 despite sales declines, driven by cost reductions, operational efficiencies, and market share gains. Strong free cash flow and liquidity support continued share buybacks and dividend increases, with minimal direct tariff impact.
Fiscal Year 2024
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Delivered record free cash flow and double-digit earnings growth in 2024 despite down markets, with strong liquidity and margin expansion. 2025 outlook calls for flat sales, EPS growth, and continued robust cash flow, while navigating tariff risks and capitalizing on takeover opportunities.
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Q3 2024 delivered strong sales, earnings, and free cash flow growth, with both industrial and mobility segments outperforming down markets. Despite expected Q4 softness, full-year 2024 will see growth, and 2025 EPS is forecast to rise double-digits, supported by a new capital allocation strategy and NCIB.
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Q2 2024 saw double-digit sales and earnings growth, record margins, and strong market share gains across all segments. Mobility rebounded sharply, while industrial growth was driven by acquisitions and new products. Outlook remains positive, with double-digit growth expected for 2024 and strong free cash flow.