Auto parts maker Linamar Q3 sales slightly beat expectations, helped by mobility segment growth

Linamar

12/11/2025 21:10

Overview

Linamar Q3 sales slightly beat analyst expectations

Normalized operating earnings rose 87.7% to $165.9 mln

Company renews normal course issuer bid, repurchased 1.1 mln shares YTD

Outlook

Company sees acquisitions driving growth in casting solutions and structural capabilities

Result Drivers

MOBILITY SEGMENT GROWTH - Strong performance in the Mobility segment offset declines in Industrial, with CPV growth in North America, Europe, and Asia Pacific

CASH MANAGEMENT - Free cash flow increased to $320.9 mln due to careful cash management, enhancing liquidity

INDUSTRIAL SEGMENT MARKET SHARE - Despite industrial market declines, Linamar increased market share in aerial work platforms and agricultural products

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Slight Beat*
C$2.54 bln
C$2.52 bln (4 Analysts)
Q3 EPS
C$2.82
Q3 Net Income
C$169.2 mln
Q3 Dividend
C$0.29
Q3 Operating Earnings
C$250.9 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"

Wall Street's median 12-month price target for Linamar Corp is C$81.50, about 8.1% above its November 11 closing price of C$74.86

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 6 three months ago

Press Release: ID:nGNX95HbWD

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)