Linamar Posts Another Record Quarter in Sales & Earnings and Generates Significant Free Cash Flow

About this update from Linamar Corporation

[{"type":"text","content":"\n\n\nTORONTO, Aug. 14, 2013 /CNW/ - (TSX: LNR)\n\n\n\nSales increase 9.0% over the second quarter of 2012 (\"Q2 2012\") to reach\n $929.4 million;\n\n\nOperating earnings up 39.3% over Q2 2012 to reach $90.1 million;\n\n\nEPS is up 44.6% over Q2 2012 to reach $0.94;\n\n\nNew business wins continue to be strong, launch book at more than $2.2\n billion;\n\n\nIndustrial segment showed significant margin improvements from Q2 2012\n with operating earnings up 66.7% to $25.0 million on a sales increase\n of 23.1%;\n\n\nPowertrain/Driveline showed strong margin improvements with operating\n earnings up 31.0% to $65.1 million from Q2 2012 on a sales increase of\n 6.1%;\n\n\nReturn on Capital Employed reached 14.5% continuing our trend of solid\n improvements for the last several quarters;\n\n\nReturn on Equity improved 21.8% from Q2 2012 to reach 20.97% exceeding\n our 20% target for the first time in many years; and\n\n\nPositive cash flow reduces Net Debt by $67 million from the first\n quarter of 2013 (\"Q1 2013\")\n\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n \n\n\nThree Months\nEnded\n\n\nSix Months\nEnded\n\n\n\n\n \n\n\nJune 30\n\n\nJune 30\n\n\n\n\n \n\n\n2013\n\n\n2012\n\n\n2013\n\n\n2012\n\n\n\n\n(in millions of dollars, except earnings per share\n figures)                     \n\n\n$\n\n\n$\n\n\n$\n\n\n$\n\n\n\n\nSales\n\n\n929.4\n\n\n852.3\n\n\n1,776.0\n\n\n1,692.1\n\n\n\n\nOperating Earnings (Loss)\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n \n\n\nPowertrain/Driveline\n\n\n65.1\n\n\n49.7\n\n\n122.5\n\n\n100.8\n\n\n\n\n \n\n\nIndustrial\n\n\n25.0\n\n\n15.0\n\n\n39.3\n\n\n21.5\n\n\n\n\nOperating Earnings (Loss)\n\n\n90.1\n\n\n64.7\n\n\n161.8\n\n\n122.3\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\n60.7\n\n\n42.1\n\n\n109.1\n\n\n81.7\n\n\n\n\nUnusual items\n\n\n-\n\n\n- \n\n\n- \n\n\n(1.2) \n\n\n\n\nNet Earnings (Loss) - Adjusted\n\n\n60.7\n\n\n42.1\n\n\n109.1\n\n\n80.5\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nNet Earnings (Loss) per Share\n\n\n0.94\n\n\n0.65\n\n\n1.69\n\n\n1.26\n\n\n\n\nNet Earnings (Loss) per Sha...

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