Linamar Corp (OTCPK:LIMAF)
$ 47.74 -0.1 (-0.21%) Market Cap: 2.96 Bil Enterprise Value: 4.30 Bil PE Ratio: 7.19 PB Ratio: 0.74 GF Score: 80/100
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Q3 2019 Linamar Corp Earnings Call Transcript

Nov 06, 2019 / 10:00PM GMT
Release Date Price: $33.08 (-2.33%)
Operator

Good afternoon. My name is Lisa, and I will be your conference operator today. At this time, I would like to welcome everyone to the Linamar Third Quarter 2019 Earnings Conference Call. (Operator Instructions)

I would now like to turn the call over to Ms. Linda Hasenfratz. Please go ahead, ma'am.

Linda S. Hasenfratz
Linamar Corporation - CEO & Non-Independent Director

Thank you. Good afternoon, everyone, and welcome to our third quarter conference call. Joining me this afternoon are members of my executive team: Jim Jarrell, Dale Schneider, and Roger Fulton; and some members of our corporate marketing, finance and legal teams. Before I begin, I will draw your attention to the disclaimer currently being broadcast.

I will start off with sales, earnings and content. Sales for the quarter were $1.74 billion, down from last year, but again, meaningfully outperforming markets. Global vehicle markets were down 3.2%, and a key customer was on strike for 10 days, but despite such, our Transportation segment actually increased 0.5% in sales and

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