09Nov 2022

Double Digit Top and Bottom-Line Growth, Positive Free Cash Flow at Linamar Despite Very Tough Cost Environment

November 9, 2022, Guelph, Ontario, Canada (TSX: LNR)

  • Excellent new business wins (“NBW”) take launch book to more than $5.0 billion;
  • 71% of year to date (“YTD”) NBW with electrified vehicles;
  • Sales up 27.5% and Net Earnings per Share – Diluted – Normalized up 19.4%;
  • Sales up 22.9% for Industrial due to the sales from acquisition of the Salford Group of Companies (“Salford”), strong agricultural saleson stronger markets and global market share growth and increased access equipment sales;
  • Sales up 29.2% for Mobility on stronger markets, cost recoveries and launching programs;
  • Record levels of content per vehicle1 achieved in North America and Europe driven by a positive customer platform mix and launches;
  • An additional 1.8 million shares repurchased in the quarter for a total of 3.5 million YTD; and
  • Liquidity 1, measured as cash and cash equivalents and available credit as at September 30, 2022, was $1.3 billion.