Business
Linamar Delivers Record 2013 Sales & Earnings Driving Significant Cash Generation and Solid Margin Expansion
GUELPH, ON , March 5, 2014 /CNW/ - (TSX: LNR) Sales increase 11.6% over 2012 to re...
About this update from Linamar Corporation
[{"type":"text","content":"\n\n\nGUELPH, ON, March 5, 2014 /CNW/ - (TSX: LNR)\n\n\n\nSales increase 11.6% over 2012 to reach $3.6 billion;\n\n\nOperating earnings up 46.5% over 2012 to reach $320.1 million;\n\n\nNet earnings up 57.3% over 2012 and earnings per share up 57.1% over\n 2012 reaching record levels of $229.8 million and $3.55 respectively;\n\n\nNet margins reach 6.4%;\n\n\nRecord level of new business wins in 2013, launch book at nearly $2.8\n billion;\n\n\nIndustrial segment showed significant margin improvements from 2012 with\n operating earnings up 129.1% to $52.0 million on a sales increase of\n 16.8%;\n\n\nPowertrain/Driveline showed strong margin improvements with operating\n earnings up 36.9% to $268.1 million from 2012 on a sales increase of\n 10.7%;\n\n\nReturn on Capital Employed reached 18.3% continuing our trend of solid\n improvements for the last 10 quarters;\n\n\nReturn on Equity improved 28.2% from 2012 to reach 19.1%; and\n\n\nPositive cash flow reduces Net Debt by $223.8 million from 2013 to\n $413.7 million and total debt to capital continues to improve reaching\n 29.6%.\n\n\n\n\n\n\n\n\n \n\n\nThree Months Ended\n\n\nTwelve Months Ended\n\n\n\n\n \n\n\nDecember 31\n\n\nDecember 31\n\n\n\n\n \n\n\n2013\n\n\n2012\n\n\n2013\n\n\n2012\n\n\n\n\n(in millions of dollars, except earnings per share\n figures)                     \n\n\n$\n\n\n$\n\n\n$\n\n\n$\n\n\n\n\nSales\n\n\n926.1\n\n\n756.5\n\n\n3,595.5\n\n\n3,221.9\n\n\n\n\nOperating Earnings (Loss)\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n  Powertrain/Driveline\n\n\n79.6\n\n\n48.0\n\n\n268.1\n\n\n195.8\n\n\n\n\n  Industrial\n\n\n5.2\n\n\n0.3\n\n\n52.0\n\n\n22.7\n\n\n\n\nOperating Earnings (Loss)\n\n\n84.8\n\n\n48.3\n\n\n320.1\n\n\n218.5\n\n\n\n\n  Unusual items\n\n\n(15.1)\n\n\n-\n\n\n(15.1)\n\n\n-\n\n\n\n\nOperating Earnings (Loss) - Adjusted\n\n\n69.7\n\n\n48.3\n\n\n305.0\n\n\n218.5\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nNet Earnings (Loss) Attributable to Shareholders of the Company\n\n\n68.7\n\n\n30.7\n\n\n229.8\n\n\n146.1\n\n\n\n\n  Unusual items\n\n\n(13.7)\n\n\n- \n\n\n(13.7)\n\n\n(1.2)\n\n\n\n\nNet Earnings (Loss) - Adjusted\n\n\n55.0\n\n\n30.7\n\n\n216.1\n\n...