Linamar Third Quarter 2024 Earnings: EPS: CA$2.24 (vs CA$2.38 in 3Q 2023)

Linamar (TSE:LNR) Third Quarter 2024 Results

Key Financial Results

• Revenue: CA$2.64b (up 8.3% from 3Q 2023).
• Net income: CA$138.0m (down 6.0% from 3Q 2023).
• Profit margin: 5.2% (down from 6.0% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CA$2.24 (down from CA$2.38 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Linamar Earnings Insights

Looking ahead, revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Auto Components industry in North America.

Performance of the market in Canada.

The company's shares are up 1.7% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Linamar's balance sheet.

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