Linamar Corp. (TSE:LNR) has released an update.
Linamar Corporation reported a robust financial performance for 2023, with a significant 23% increase in annual sales to $9.73 billion and a remarkable 40% rise in earnings. The company’s strategic diversification has paid off, especially with a 145% boost in Industrial earnings, and they have rewarded shareholders with a record dividend of $0.25 per share. Linamar’s strong year was attributed to market share growth, impactful acquisitions, and a focus on propulsion-agnostic products in the mobility sector.
For further insights into TSE:LNR stock, check out TipRanks’ Stock Analysis page.
