Linamar Delivers Earnings Growth and Continued Free Cash Flow in Challenging Market

About this update from Linamar Corporation

[{"type":"text","content":"Linamar Delivers Earnings Growth and Continued Free Cash Flow in Challenging Market\n\n\n\n GUELPH, Ontario, May 07, 2025 (GLOBE NEWSWIRE) -- (TSX: LNR)\n \n\n\n Strong Quarterly Financial Performance\n \n\n\n\n Normalized Operating Earnings\n \n 1\n \n up 3.4%;\n \n\n Normalized Operating Margins up to 10.0%;\n \n\n Normalized Diluted Earnings per Share\n \n 1\n \n up 6.6%; and\n \n\n Normalized Net Margins expand to 6.6%.\n \n\n\n\n Continued Free Cash Flow\n \n\n\n\n $76.4 million of Free Cash Flow\n \n 1\n \n generated in Q1 2025, up $115.7 million from the prior year due to careful cash management; and\n \n\n Liquidity\n \n 1\n \n is strong at $1.8 billion, up $512.5 million or 39.1% from Q1 2024.\n \n\n\n\n Returning Cash to Shareholders\n \n\n\n\n Linamar repurchased 1.0 million shares in the quarter as part of its normal course issuer bid;\n \n\n Linamar has repurchased 1.8 million shares since the start of the NCIB program in November 2024; and\n \n\n Linamar increased its dividend to shareholders to $0.29 per share quarterly.\n \n\n\n\n Mobility Segment Normalized Earnings Growth Continues\n \n\n\n\n Normalized Operating Earnings increased 1.5% to $125.4 million; and\n \n\n Normalized Operating Earnings margins expanded to 6.6%, approaching normal range.\n \n\n\n\n Industrial Segment Normalized Earnings Growth Continues\n \n\n\n\n Normalized Operating Earnings increased 5.3% to $126.6 million; and\n \n\n Normalized Operating Earnings margins of 20.0% up from 16.5% in Q1 2024.\n \n\n\n\n No Material Impacts from Tariffs\n \n\n\n\n Linamar’s product continues to be USMCA compliant.\n \n\n\n\n\n (in millions of dollars, except per share figures)\n \n\n\n\n\n Three Months Ended\n \n\n\n\n\n\n\n\n March 31\n \n\n\n\n\n\n\n\n 2025\n \n\n\n\n 2024\n \n\n\n\n\n\n\n\n $\n \n\n\n\n $\n \n\n\n\n\n\n Sales\n \n\n\n\n 2,532.1\n \n\n\n\n 2,721.9\n \n\n\n\n\n\n Operating Earnings (Loss)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n Industrial\n \n\n\n\n 142.9\n \n\n\n\n 139.7\n \n\n\n\n\n\n Mobility\n \n\n\n\n 123.4\n \n\n\n\n 129.5\n \n\n\n\n\n\n Operating Earnings (Loss)\n \n\n\n\n 266.3\n \n\n\n\n 269.2\n \n\n\n\n\n\n Net Earnings (Loss)\n \n\n\n\n 177.7\n \n\n\n\n 178.5\n \n\n\n\n\n\n Net Earnings (Loss) per Share – Diluted\n \n\n\n\n 2.94\n \n\n\n\n 2.90\n \n\n\n\n\n\n Operating Earnings (Loss) – Normalized\n \n 1\n \n\n\n...

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