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Linamar Reports $183.1M Second-Quarter Profit, up From $126.9M
The auto parts maker said sales rose 19% year over year and net earnings increased to $183.1 million, while tariffs still weigh on some products.
- On Wednesday, Linamar Corporation reported record second-quarter sales of $3.14 billion, rising from $2.64 billion last year, as the Guelph, Ontario-based auto parts manufacturer capitalized on strong demand.
- Net earnings climbed to $183.1 million during the quarter, up significantly from $126.9 million in the same period last year, driven by operational efficiency and market demand.
- Executive Chair Linda Hasenfratz announced the company is raising its quarterly dividend to 32 cents per share, reflecting confidence in Linamar's financial trajectory and shareholder returns.
- While Section 232 tariffs impact some industrial products, Linamar noted that more than 90 per cent of its sales remain tariff-free, shielding the company from broader trade disruptions.
- A recording of Wednesday's earnings call is available online for investors seeking further details on the company's operational results and strategic outlook for coming quarters.
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Total News Sources12
Leaning Left5Leaning Right3Center2Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 20%
R 30%
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