Q3 2023 Linamar Corp Earnings Call Transcript

Feb 14, 2024

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Nov 08, 2023 / 10:00PM GMT
Operator

Good afternoon, ladies and gentlemen, and welcome to the Linamar Q3 2023 Earnings Call. (Operator Instructions) This call is being recorded on Wednesday, November 8, 2023. I would now like to turn the conference over to Linda Hasenfratz, Executive Chair and CEO. Please go ahead.

Linda S. Hasenfratz - Linamar Corporation - Executive Chairman of the Board & CEO

Thanks very much. Good afternoon, everyone, and welcome to our third quarter conference call. Joining me this afternoon are members of our senior teams, Jim Jarrell, Dale Schneider, Elio Berger and Kevin Hallahan and some members of our corporate IR, marketing, finance and legal teams.

Before I begin, I'll draw your attention to the disclaimer currently being broadcast. I'll start off with a review of sales, earnings and context. Sales for the quarter were $2.43 billion, up 16% to last year on solid launches, market share growth, our recent battery enclosure acquisition and better pricing. Normalized net earnings for the quarter were $136.3 million and normalized EPS was $2.21. EPS is also up

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