LIMAF - Linamar GAAP EPS of $2.61 revenue of $2.55B
2023-08-09 16:51:36 ET
- Linamar press release ( OTCPK:LIMAF ): Q2 GAAP EPS of $2.61.
- Revenue of $2.55B (+28.8% Y/Y).
- Normalized Earnings per Share 1 up 55.4%;
- Sales up 28.8% to $2.55 billion, a new record for a quarter;
- Diversified strategy validated with Industrial earnings tripling over prior year, anchoring solid overall performance;
- Normalized Operating Earnings 1 up 54.7%;
- New business wins take launch book to nearly $4.5 billion;
- 58% of wins for electrified vehicles ("EV");
- Sales up 54.0% for Industrial due to strong markets in both agricultural and access equipment and solid market share growth notably in our core agricultural products;
- Sales up 20.2% for Mobility driven largely by launching programs;
- Acquisition of Dura Shiloh's battery enclosure business closed and will drive strong battery electric vehicle CPV growth;
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Linamar GAAP EPS of $2.61, revenue of $2.55B