Linamar Sales & Earnings Growth Driving Significant Cash Generation along with Solid Margin Expansion

About this update from Linamar Corporation

[{"type":"text","content":"\n\n\nGUELPH, ON, Nov. 13, 2013 /CNW/ - (TSX: LNR)\n\n\n\nSales increase 15.5% over the third quarter of 2012 (\"Q3 2012\") to reach\n $893.3 million;\n\n\nOperating earnings up 53.4% over Q3 2012 to reach $73.5 million;\n\n\nEPS is up 53.8% over Q3 2012 to reach $0.80;\n\n\nNew business wins continue to be very strong, launch book at more than\n $2.6 billion;\n\n\nIndustrial segment showed significant margin improvements from Q3 2012\n with operating earnings up 837.5% to $7.5 million on a sales increase\n of 25.1%;\n\n\nPowertrain/Driveline showed strong margin improvements with operating\n earnings up 40.1% to $66.0 million from Q3 2012 on a sales increase of\n 14.0%;\n\n\nReturn on Capital Employed reached 16.11% continuing our trend of solid\n improvements for the last several quarters;\n\n\nReturn on Equity improved 26.3% from Q3 2012 to reach 17.02%; and\n\n\nPositive cash flow reduces Net Debt by $52.8 million from the second\n quarter of 2013 (\"Q2 2013\")\n\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\nThree Months Ended\n\n\n \n\n\n \n\n\nNine Months Ended\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\nSeptember 30\n\n\n \n\n\n \n\n\nSeptember 30\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n2013\n\n\n2012\n\n\n \n\n\n \n\n\n2013\n\n\n2012\n\n\n\n\n(in millions of dollars, except earnings per share\n figures)                     \n\n\n \n\n\n \n\n\n \n\n\n$\n\n\n$\n\n\n \n\n\n \n\n\n$\n\n\n$\n\n\n\n\nSales\n\n\n \n\n\n \n\n\n \n\n\n893.3\n\n\n773.4\n\n\n \n\n\n \n\n\n2,669.4\n\n\n2,465.4\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\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\n \n\n\n66.0\n\n\n47.1\n\n\n \n\n\n \n\n\n188.5\n\n\n147.9\n\n\n\n\n \n\n\nIndustrial\n\n\n \n\n\n \n\n\n \n\n\n7.5\n\n\n0.8\n\n\n \n\n\n \n\n\n46.8\n\n\n22.3\n\n\n\n\nOperating Earnings (Loss)\n\n\n \n\n\n \n\n\n \n\n\n73.5\n\n\n47.9\n\n\n \n\n\n \n\n\n235.3\n\n\n170.2\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n ...

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