Canada · Delayed Price · Currency is CAD Linamar Earnings Call Transcripts
Fiscal Year 2026
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Record Q1 sales and earnings driven by mobility segment growth and strategic acquisitions, with over 90% of sales unaffected by tariffs. Strong cash flow and disciplined capital allocation support continued investment and shareholder returns.
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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Earnings growth in Mobility offset steep declines in Industrial, with strong free cash flow and two major acquisitions adding over CAD 1 billion in sales. Guidance remains positive for Mobility, while Industrial faces ongoing headwinds. Liquidity and capital allocation remain robust.
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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, with strong market share gains and margin expansion in both Mobility and Industrial segments. Flexible manufacturing and strategic acquisitions position the company for continued growth, despite market softness and EV delays.