Business
Linamar Delivers Record Results, Double Digit Top and Bottom Line Growth, Margin Expansion and Debt Reduction
Linamar Delivers Record Results, Double Digit Top and Bottom Line Growth, Margin Expansion...
About this update from Linamar Corporation
[{"type":"text","content":"\n\n\n\nLinamar Delivers Record Results, Double Digit Top and Bottom Line Growth, Margin Expansion and Debt Reduction\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-BOTTOM:black 0pt; TEXT-ALIGN: RIGHT; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prngen3{\nBORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prngen4{\nBORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: RIGHT; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prngen5{\nBORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n\n\n\n\n\n\nLinamar Delivers Record Results, Double Digit Top and Bottom Line Growth, Margin Expansion and Debt Reduction\nCanada NewsWire\nGUELPH, ON, Aug. 10, 2016\n\n\n\nGUELPH, ON, Aug. 10, 2016 /CNW/ - (TSX: LNR)\n\n\nSales increase 21% over the second quarter of 2015 (\"Q2 2015\") to reach record levels of $1.66 billion; \nOperating earnings increase 29% over Q2 2015 to reach record levels of $213.7 million; \nNet earnings up 31% and earnings per share, on a diluted basis, up 30.6% over Q2 2015 reaching record levels of $157.3 million and $2.39 respectively; \nContinued business wins take launch book to $3.9 billion; \nPowertrain/Driveline delivers excellent sales and operating earnings growth with operating earnings up 45% to $160.9 million from Q2 2015 on a sales increase of 26% on global light vehicle markets up 3.2%; \nContent per vehicle growth in every market; and \nMarket share growth on newly launched telehandler and boom products at Skyjack in core North American market.\n \n\n\n\n\n\nThree Months Ende...