Earnings Nearly Double at Linamar in First Quarter 2023 on Recovering Markets, Supply Chains and Launching Business, New Giga Structural Facility Announced
Linamar to Showcase its New Fully Electric Technology Demonstrator Truck and other EV Innovations at ACT Expo 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 …
Vaccine Clinic: Applying Principles of Lean and High Volume
Written By: Roxanne Rose, Linamar Global Vice President of Human Resources Well into our COVID-19 pandemic ‘New Normal’ we learned how to quickly adjust and adapt. At Linamar, we have guiding Leadership Behaviours and Values we attempt to instill in our employees. One of those behaviours is Responsiveness. The leadership value was originally meant to …
Linamar Launch in Action: The Thornhill Ventilator Project
Written By: Shane Simpson, LEAP Management Rotation Candidate, Thornhill Program Manager Shane Simpson, LEAP Management Rotation Candidate, Thornhill Program Manager Having worked in Linamar’s Skyjack division prototype department, I had seen firsthand many new program launches. The effort required to get a new model or product from the R&D concept to full production is no …
Switching Gears: From Automotive Gears to Ventilators
Written By: Paul Sahr, Linamar Vice President of Sales for North America In late March 2020, like much of the world, there was a major adjustment to our work, school, and home life. The initial COVID-19 lockdown was in full effect, and all of the employees of Linamar, who were used to working in a …
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 …
Q3 2022 Update on Market Conditions
Linamar Corporation (TSX:LNR) today released insights regarding the market activity observed during Q3 2022, as well as commented on other recent industry developments. The comments provide updates on the latest available industry conditions in the key Access, Agriculture and Mobility markets in which it operates READ MORE
Linamar to supply Commercial Vehicle eAxle program to Workhorse Group
September 6th, 2022 (GUELPH) – Linamar Corporation (TSX:LNR) today announced that it has secured a new eAxle system contract with Workhorse Group for commercial vehicle delivery trucks. The Medium Duty beam axle propulsion system was designed and developed by Linamar’s eLIN Group, a product solutions group dedicated to electrification for all Linamar’s products. This is …
Linamar MedTech Achieves ISO 13485 Certification for Medical Device Manufacturing
August 24, 2022 (GUELPH) – Linamar Corporation (TSX:LNR), a leading global diversified manufacturing company, announced today its iHub production site has received ISO 13485 certification for medical device production. The achievement is a critical milestone for the company’s recently announced MedTech group, clearing the way to Linamar becoming a leading supplier to the global Medical …
Strong Markets and Market Share Performance Drive Earnings Growth at Linamar Despite Tough Cost Environment
August 10, 2022, Guelph, Ontario, Canada (TSX: LNR) Excellent new business wins (“NBW”) take launch book to nearly $4.9 billion; 74% of year to date (“YTD”) NBW with electrified vehicleS Sales up 28.2% for Industrial due to strong agricultural and access sales on stronger markets and market share growth; Sales up 25.0% for Mobility on …
Q2 2022 Update on Market Conditions
Linamar Corporation (TSX:LNR) today released insights regarding the market activity observed during Q2 2022, as well as commented on other recent industry developments. The comments provide updates on the latest available industry conditions in the key Access, Agriculture and Mobility markets in which it operates. READ MORE
Linamar Completes the Acquisition of the Salford Group
June 3rd, 2022 (GUELPH) – Linamar Corporation (TSX:LNR) today announced that it has completed its acquisition of the Salford group of companies (the “Salford Group”), a global leader in crop nutrition application and tillage products.The acquisition is an important milestone in the expansion of Linamar Agriculture’s portfolio. READ MORE
Linamar Corporation Announces Voting Results from Annual General Meeting
May 26 2022 (GUELPH) – Linamar Corporation (TSX:LNR) today announced detailed results of the votes cast fortwo motions held during the Annual General Meeting of the Company on Thursday, May 26, 2022 in Guelph,Ontario. READ MORE
Linamar Announces Creation of Linamar MedTech, a new group focused on Medical Devices and Precision Medical Components
Linamar Corporation (TSX:LNR) today announced the formation of Linamar MedTech, a new medical manufacturing group which will focus on leveraging its expert capabilities in precision manufacturing to pursue opportunities in the Medical Device and Precision Medical Component markets. READ MORE
Ballard Power & Linamar Corporation achieve concept demonstration milestone
VANCOUVER and GUELPH, CANADA – Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) and Linamar Corporation (TSX: LNR) today announce the unveiling of its concept hydrogen fuel cell powered class 2 truck chassis. The technology demonstration platform is showcased this week at the ACT Expo (https://www.actexpo.com/) displayed in a RAM 2500 truck chassis. Testing on the …
Linamar Corporation Announces the Acquisition of Salford Group in a Significant Expansion of its Agriculture Portfolio
April 27, 2022 (GUELPH) – Linamar Corporation (TSX:LNR) today announced that it has entered into an agreement to acquire 100% of the issued and outstanding equity of the Salford group of companies (the “Salford Group”). The Salford Group is a global leader in crop nutrition application and tillage products. Under the terms of the agreement, …
Q1 2022 Update on Market Conditions
Linamar Corporation (TSX:LNR) today released insights regarding the market activity observed during Q1 2022, as well as commented on other recent industry developments. The comments provide updates on the latest available industry conditions in the key Access, Agriculture and Mobility markets in which it operates. READ MORE
Q4 2021 Update on Market Conditions
Linamar Corporation (TSX:LNR) today released insights regarding the market activity observed during Q4 2021, as well as commented on other recent industry developments. The comments provide updates on the latest available industry conditions in the key Access, Agriculture and Automotive markets in which it operates. READ MORE
Linamar & the Hasenfratz Family Announce the Passing of Founder Frank Hasenfratz
It is with profound sadness that the Board of Directors of Linamar Corporation announces the passing of the Company’s Founder, beloved leader and long-time Executive Chairman, Frank Hasenfratz. Mr. Hasenfratz passed away peacefully on January 8th, 2022 at his home surrounded by his family after a courageous battle with cancer. He was 86 years old. …
Canada’s Linamar Corporation CEO Linda Hasenfratz joins the California Mobility Center Board of Directors
The California Mobility Center (CMC) announces the addition of new board member Linda Hasenfratz. Hasenfratz is the Chief Executive Officer of Linamar Corporation (TSX:LNR), a Canadian advanced manufacturing company specializing in industrial and mobility markets applications. READ MORE
Linamar Announces TSX Approval of Normal Course Issuer Bid
Linamar Corporation (“Linamar” or the “Company”) (TSX: LNR) announces that the Toronto Stock Exchange (“TSX”) has accepted the Company’s notice of intention to commence a Normal Course Issuer Bid (the “NCIB”). The Company believes that the NCIB is in the best interest of the Company, will increase shareholder value, and constitutes a desirable use of …
Q3 2021 Update on Market Conditions
Linamar Corporation (TSX:LNR) today released insights regarding the market activity observed during Q3 2021, as well as commented on other recent industry developments. The comments provide updates on the latest available industry conditions in the key Access, Agriculture and Automotive markets in which it operates.
Linamar Announces Formation of eLIN Product Solutions Group
Linamar Corporation (TSX:LNR) today announced the formation of its eLIN Product Solutions Group, which will focus on leveraging exciting electrification opportunities for Linamar’s products in its Mobility and Industrial businesses, as well as future new markets.
Q2 2021 Earnings Call
Linamar will hold a webcast call on August 11, 2021, at 5:00 p.m. ET to discuss its first-quarter results. The event will be simulcast and can be accessed here and can also be navigated to on the company’s website. For those who wish to listen to an audio only call-in option, the numbers for this call are (877) 668-0168 (North America) or (825) 312-2386 (International) Conference ID 1797109, with a call-in required 15 minutes prior to the start of the webcast. The conference call will be chaired by Linda Hasenfratz, Linamar’s Chief Executive Officer. A copy of the Company’s quarterly financial statements, including the Management’s Discussion & Analysis, will be available on the Company’s website after 4:00 p.m. ET on August 11, 2021, and at www.sedar.com by the start of business on August 12, 2021. The webcast replay will be available here after the call. A taped replay of the conference call will also be made available starting at 8:00 p.m. ET on August 11, 2021, for seven days. The number for the replay is (800) 585-8367 or (416) 621-4642, Passcode: 1797109. In addition, a recording of the call will be posted here.
Q3 2020 Earnings Call
Linamar will hold a webcast call on November 10, 2020, at 5:00 p.m. EST to discuss its second-quarter results. The event will be simulcast and can be accessed here. For those who wish to listen to an audio only call-in option, the numbers for this call are (877) 668-0168 (North America) or (825) 312-2386 (International) Conference …
COVID-19 Update
April 20, 2020 Linamar Corporation today released commentary regarding ongoing COVID-19 related impacts to its business and provided the latest available updated industry conditions in the key Access, Agriculture and Automotive markets in which it operates. The Q1 and COVID-19 Related Update on Market Conditions presentation deck highlighting the key actions, market impacts and response efforts containing …
2019 GUELPH INNOVATION EXPO, CHAMPION SPONSOR
Innovation Guelph and Bioenterprise Corporation are hosting the second annual Innovation Expo in Guelph on October 3, 2019. This significant event CELEBRATES the impactful success and growth of FedDev funded Seed Funding clients who have been supported by our two organizations since the program inception in 2016. As an Innovation Champion for the second time, Linamar …
Linamar Partners with Alberta Innovates to Grow Canada’s Agricultural Impact Globally
Transforming farming through innovationby Dwayne Brunner | Jul 19, 2019 | New Press– Alberta Innovates, along with its partners, are announcing their successful application for the Canadian Agri-Food Automation and Intelligence Network (CAAIN). This Strategic Innovation Fund Stream 4 award is provided by the federal ministry of Innovation, Science and Economic Development.CAAIN brings together over 61 technology and agri-food companies to …
