Linamar Corp (OTCPK:LIMAF)

Q3 2024 Linamar Corp Earnings Call Transcript

Nov 12, 2024 / 10:00 PM GMT

Release Date Price: $42.59

Transcript

Key Points

Positve

Linamar Corp (LIMAF) reported strong financial performance with sales and earnings both up over last year, despite down markets.
The company achieved double-digit operating earnings growth in both its mobility and industrial segments.
Linamar Corp (LIMAF) generated an excellent level of free cash flow, positioning it well for the full year.
The company saw significant market share growth in both its mobility and industrial segments.
Linamar Corp (LIMAF) announced a new capital allocation strategy framework, including initiating a normal course issuer bid (NCIB) to return cash to shareholders.

Negative

The mobility segment faced sharp declines in OEM production schedules, impacting sales and operating earnings.
The industrial segment is expected to see sales and operating earnings decline in Q4 due to down markets in agriculture and access equipment.
Linamar Corp (LIMAF) anticipates a double-digit decline in operating earnings for Q4 due to reduced vehicle inventories and extended shutdowns by OEMs.
The Welland facility's contribution to sales next year is unlikely due to delays in electrified vehicle programs.
The company faces challenges in adjusting fixed costs quickly in response to rapid sales declines, impacting margins.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

LNR.TO - Linamar Corp
Q3 2024 Linamar Corp Earnings Call
Nov 12, 2024 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon, ladies and gentlemen and welcome to the Linamar Q3 2024 earnings conference call at this time. All lines are in a listen-only mode following the presentation, we will conduct a question and answer session. If at any time during this call, you require immediate assistance. Please press star zero for the operator. This call is being recorded on Tuesday, November 12, 2024. I would now like to turn the conference over to Linda Hassan Pratz executive chair. Please go ahead.

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Unidentified_2 [2]
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Thanks so much. Good afternoon, everyone and welcome to our third

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