Strong financial performance
- Sales up 8.3% to $2.64 billion in Q3 2024;
- Normalized Operating Earnings1 up 14.1% in Q3 2024; and
- Normalized Diluted Earnings per Share1 up 6.3% in Q3 2024.
Excellent Free Cash Flow
- $269.6 million of Free Cash Flow1 generated in Q3 2024, up $393.5 million from prior year on stronger earnings and careful cash management.
Sales Growth in Both Segments on Strong Market Share Growth
- Sales up 24.3% for Industrial for the quarter, due to:
- Significant global market share growth in combine drapers despite market declines; and
- Sales related to our most recent acquisition of Bourgault Industries Ltd.
- Sales up 2.1% for Mobility in the quarter despite market declines, driven by:
- Linamar Structures acquisitions completed in 2023;
- Launching programs; and
- Content per vehicle1 (“CPV”) up 17% in North America reflective of continued market share growth.
Linamar Delivers Exceptional Free Cash Flow, Launches NCIB, Continues Top and Bottom Line Growth
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