Linamar Corp. (TSE:LNR) has released an update.
Linamar Corp reports a strong start to 2024, with sales surging 18.7% to $2.72 billion in Q1 and significant earnings growth in both its Industrial and Mobility segments. The company’s diversified strategy is paying off, as evidenced by a 38.7% increase in normalized operating earnings and a 30.8% rise in normalized diluted earnings per share. Linamar’s robust performance also includes the strategic acquisition of Bourgault Industries, expansion in agricultural equipment, and a maintained quarterly dividend of $0.25 per share.
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