Business
Linamar Delivers Another Outstanding Quarter of Record Results and Market Share Gains
GUELPH, ON , Aug. 5, 2015 (TSX: LNR) Sales increase 23.8% over the second quarter ...
About this update from Linamar Corporation
[{"type":"text","content":"\n\nGUELPH, ON, Aug. 5, 2015 (TSX: LNR)\n\n\n\nSales increase 23.8% over the second quarter of 2014 (\"Q2 2014\") to reach record levels of $1.37 billion on global vehicle markets up 0.3% and access markets up 13%; \nOperating earnings up 33.2% over Q2 2014 to reach record levels of 165.6 million; \nNet earnings and earnings per share up 33% over Q2 2014 reaching record levels of $120.1 million and $1.84 respectively; \nContinued business wins drive launch book to nearly $3.7 billion; \nIndustrial segment delivers excellent growth and margin improvements from Q2 2014 with operating earnings up 43.7% to $54.6 million on a sales increase of 29%; \nPowertrain/Driveline delivers excellent growth and margin improvements with operating earnings up 28.6% to $111.0 million from Q2 2014 on a sales increase of 22.5%; and \nContent per vehicle growth in every market and market share growth on scissors and booms globally.\n\n\n\n\n\nThree Months Ended\n\n\nSix Months Ended\n\n\n\n\nJune 30\n\n\nJune 30\n\n\n\n\n2015\n\n\n2014\n\n\n2015\n\n\n2014\n\n\n\n(in millions of dollars, except earnings per share figures)                      \n\n\n$\n\n\n$\n\n\n$\n\n\n$\n\n\n\nSales\n\n\n1,368.1\n\n\n1,105.1\n\n\n2,645.6\n\n\n2,147.9\n\n\n\nOperating Earnings (Loss)\n\n\n\n\n\n\n\n\nPowertrain/Driveline\n\n\n111.0\n\n\n86.3\n\n\n222.5\n\n\n168.1\n\n\n\n\nIndustrial\n\n\n54.6\n\n\n38.0\n\n\n98.9\n\n\n68.3\n\n\n\nOperating Earnings (Loss)\n\n\n165.6\n\n\n124.3\n\n\n321.4\n\n\n236.4\n\n\n\nNet Earnings (Loss) \n\n\n120.1\n\n\n89.7\n\n\n233.8\n\n\n169.4\n\n\n\nNet Earnings (Loss) per Share\n\n\n1.84\n\n\n1.38\n\n\n3.59\n\n\n2.61\n\n\nOperating HighlightsSales for the second quarter of 2015 (\"Q2 2015\") were $1,368.1 million, up $263.0 million from $1,105.1 million in Q2 2014.\n\nSales for the Powertrain/Driveline segment (\"Powertrain/Driveline\") increased by $199.3 million, or 22.5% in Q2 2015 compared with Q2 2014.  The sales increase in Q2 2015 was impacted by:\n\n\nthe acquisition of our new forging businesses in Europe and North America in Q1 2015 and Q4 2014 respectively; \nsignificant levels of newly launched programs in North America; \nhigher sales resulting from favourable changes in foreign exchange rates; and \nthe ramp up of launch...