Linamar Posts Record Quarter in Earnings with Strong Margin Performance, Launch Book Grows

About this update from Linamar Corporation

[{"type":"text","content":"\n\n\n\n\n\nGUELPH, ON, May 8, 2013 /CNW/ - (TSX: LNR)\n\n\nOperating earnings up 24.7% over the first quarter of 2012 (\"Q1 2012\")\n to reach $71.7 million;\n\n\nAdjusted net earnings up 26.0% over Q1 2012 to reach $48.4 million;\n\n\nAdjusted EPS is up 27.1% over Q1 2012 to reach $0.75;\n\n\nNew business wins continue to be strong, launch book at nearly $2.5\n billion;\n\n\nIndustrial segment operating earnings up 120.0% to $14.3 million on\n slightly declining sales; showing significant margin improvements from\n Q1 2012;\n\n\nPowertrain/Driveline operating earnings up 12.5% from Q1 2012 on sales\n up 1.5% despite market declines; and\n\n\nReturn on Equity reaches 17.9% and Return on Capital Employed improves\n to 13.3%.\n\n\n \n\n\n \n\n\nThree Months Ended\n\n\n \n\n\n \n\n\nMarch 31\n\n\n \n\n\n \n\n\n \n\n\n2013\n\n\n2012\n\n\n(in millions of dollars, except earnings per share\n figures)                     \n\n\n \n\n\n \n\n\n$\n\n\n$\n\n\nSales\n\n\n \n\n\n \n\n\n846.6\n\n\n839.8\n\n\nOperating Earnings (Loss)\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nPowertrain/Driveline\n\n\n \n\n\n \n\n\n57.5\n\n\n51.0\n\n\n \n\n\nIndustrial\n\n\n \n\n\n \n\n\n14.2\n\n\n6.5\n\n\nOperating Earnings (Loss)\n\n\n \n\n\n \n\n\n71.7\n\n\n57.5\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nNet Earnings Attributable to Shareholders of the Company\n\n\n \n\n\n \n\n\n48.4\n\n\n39.6\n\n\n \n\n\nUnusual Items\n\n\n \n\n\n \n\n\n-\n\n\n(1.2)\n\n\nNet Earnings (Loss) Attributable to Shareholders of the Company -\n Adjusted\n\n\n \n\n\n \n\n\n48.4\n\n\n38.4\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nNet Earnings per Share\n\n\n \n\n\n \n\n\n0.75\n\n\n0.61\n\n\nNet Earnings (Loss) per Share - Adjusted\n\n\n \n\n\n \n\n\n0.75\n\n\n0.59\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nUnusual Items\n\n\n \n\n\n \n\n\n \n\n\n \n\n\nTaxable Items before Tax\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n1)     Exchange loss (gain) on the 2021 Private Placement Notes\n\n...

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