Business
Linamar's Q1 Revenue Breaks $1 Billion, Drives Record Earnings with Solid Margin Expansion to Industry Leading Levels
GUELPH, ON , May 7, 2014 /CNW/ - (TSX: LNR) Sales increase 23.2% over the first qu...
About this update from Linamar Corporation
[{"type":"text","content":"\n\n\nGUELPH, ON, May 7, 2014 /CNW/ - (TSX: LNR)\n\n\n\nSales increase 23.2% over the first quarter of 2013 (\"Q1 2013\") to reach\n record levels of $1,042.7 billion;\n\n\nOperating earnings up 56.3% over Q1 2013 to reach record levels of\n $112.1 million;\n\n\nNet earnings up 64.6% over Q1 2013 and earnings per share up 64.0% over\n Q1 2013 reaching $79.7 million and $1.23 respectively, a new record for\n both;\n\n\nNet margins reach 7.6%, well above target levels of 4 to 6%;\n\n\nLaunch book at more than $3.0 billion;\n\n\nIndustrial segment showed significant margin improvements from Q1 2013\n with operating earnings up 111.9% to $30.3 million on a sales increase\n of 31.2%;\n\n\nPowertrain/Driveline showed strong margin improvements as well with\n operating earnings up 42.5% to $81.8 million from Q1 2013 on a sales\n increase of 21.6%;\n\n\nReturn on Capital Employed reached 19.5% continuing our trend of solid\n improvements for the last 11 quarters;\n\n\nReturn on Equity improved 26% from Q1 2013 to reach 22.6%; and\n\n\nTotal debt to capital continues to improve reaching 28.4%, one of the\n strongest balance sheets in our peer group.\n\n\n\n\n\n \n\n\n \n\n\n \n\n\nThree Months Ended\n\n\n\n\n \n\n\n \n\n\n \n\n\nMarch 31\n\n\n\n\n \n\n\n \n\n\n \n\n\n2014\n\n\n \n\n\n \n\n\n2013\n\n\n\n\n(in millions of dollars, except earnings per share\n figures)                     \n\n\n \n\n\n \n\n\n$\n\n\n \n\n\n \n\n\n$\n\n\n\n\nSales\n\n\n \n\n\n \n\n\n1,042.7\n\n\n \n\n\n \n\n\n846.6\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   Powertrain/Driveline\n\n\n \n\n\n \n\n\n81.8\n\n\n \n\n\n \n\n\n57.4\n\n\n\n\n   Industrial\n\n\n \n\n\n \n\n\n30.3\n\n\n \n\n\n \n\n\n14.3\n\n\n\n\nOperating Earnings (Loss)\n\n\n \n\n\n \n\n\n112.1\n\n\n \n\n\n \n\n\n71.7\n\n\n\n\nNet Earnings (Loss) \n\n\n \n\n\n \n\n\n79.7\n\n\n \n\n\n \n\n\n48.4\n\n\n\n\nNet Earnings (Loss) per Share\n\n\n \n\n\n \n\n\n1.23\n\n\n \n\n\n \n\n\n0.75\n\n\n\n\n\n\n\nOperatin...