Canada's Linamar Q1 sales beat estimates on strength in mobility segment

Linamar

06/05/2026 21:22

Overview

Canada advanced manufacturing firm's Q1 sales rose 16%, beating analyst expectations

Normalized EPS for Q1 rose 19% yr/yr

Company repurchased 695,799 shares, returning C$58.9 mln to shareholders

Outlook

Linamar says new US 232 tariffs will impact Industrial segment but not overall 2026 outlook

Company expects continued top and bottom line growth in 2026

Result Drivers

MOBILITY SEGMENT GROWTH - Mobility segment sales rose 19% to a record C$2.26 bln, with operating earnings up 46% and market share gains in every region

INDUSTRIAL SEGMENT GAINS - Industrial segment sales rose 6.6% to C$675.4 mln, with global market share growth in access and agricultural equipment

TARIFF IMPACT LIMITED - Tariff effects were manageable in Q1, with over 90% of revenue not impacted by US tariffs, according to Executive Chair Linda Hasenfratz

Company press release: ID:nGNXb6VT4f

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
C$2.94 bln
C$2.81 bln (5 Analysts)
Q1 EPS
C$3.71
Q1 Net Income
C$221.4 mln
Q1 Operating Earnings
C$319.4 mln


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$101.50, about 13.1% above its May 5 closing price of C$89.72

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)