Linamar Corp. has released its third-quarter financial results, showing a strong rise in net earnings even though total sales slipped slightly compared to last year. The Guelph, Ontario–based auto-parts giant continues to strengthen its market position while taking advantage of new acquisition opportunities.
Net Earnings Rise Year-over-Year
During the third quarter, Linamar generated $169.2 million in net income, an impressive increase from $138 million recorded in the same quarter last year. This growth pushed earnings to $2.82 per diluted share, compared with $2.24 per diluted share a year earlier.
The improved profitability highlights the company’s operational efficiency and continued focus on strategic growth.
Sales Slip Slightly but Remain Strong
Despite higher profits, the company reported $2.5 billion in sales, which represents a modest decline from $2.6 billion in the previous year’s third quarter. The drop reflects a slower global auto-market environment, but Linamar’s results demonstrate solid resilience.
Trade Compliance Helps Maintain Tariff-Free Access
Linamar confirmed that it remains fully compliant with the Canada-U.S.-Mexico Agreement (CUSMA). Because of this, most of its products exported to the United States continue to enter tariff-free, giving the company a competitive advantage in North America.
Company Leadership Emphasizes Strategic Acquisitions
Executive chair Linda Hasenfratz stated that although the current market is experiencing low growth, Linamar is actively seeking opportunities for strategic acquisitions. This approach aligns with the company’s long-term goal of expanding its presence in key markets.
Major U.S. Expansion Deal Announced
In October, Linamar revealed a major expansion initiative: a US$300-million acquisition of select North American assets from Aludyne Inc. This move significantly broadens the company’s U.S. manufacturing footprint and strengthens its ability to serve American automakers.
