08Mar 2023

Exceptional Top and Bottom Line Growth at Linamar in Fourth Quarter Takes Company to a Record Sales Year

March 8th, 2023 (GUELPH)

  • Sales up 34.3% and Net Earnings up 83.7%;
  • Record level of annual sales of $7.92 billion;
  • Outstanding and also a record year in new business wins (“NBW”);
  • Greater than 50% of full year NBW with electrified vehicles for over $1 billion in annualized sales won, triple any prior year level of wins; and
  • Launch book more than $4.1 billion.
  • Sales up 73.1% for Industrial due to strong markets and solid market share growth notably in our agricultural products;
  • Sales up 25.1% for Mobility primarily thanks to launching programs;
  • Growth in content per vehicle1  (“CPV”) achieved in every region and new records of annual CPV reached in North America and Europe;
  • An additional 0.7 million shares repurchased in the quarter for a total of 3.97 million for 2022; and
  • Strong liquidity1, measured as cash and cash equivalents and available credit as at December 31, 2022, of $1.3 billion.