10May 2023

Earnings Nearly Double at Linamar in First Quarter 2023 on Recovering Markets, Supply Chains and Launching Business, New Giga Structural Facility Announced

May 10, 2023, Guelph, Ontario, Canada (TSX: LNR)

  • Normalized Earnings per Share up 83.3%;
  • Sales up 28.9% to $2.29 billion, a new record for a quarter;
  • Diversified strategy validated with strong Industrial performance leading the way on strong earnings performance;
  • Normalized Net Earnings up 71.7%;
  • New Giga Structural Component Facility for electric vehicles announced for Ontario;
  • New business wins take launch book to nearly $4.2 billion;
    • Nearly 80% of wins for propulsion agnostic/electrified vehicles;
  • Sales up 58.9% for Industrial due to strong markets and solid market share growth notably in our agricultural products;
  • Sales up 21.1% for Mobility driven largely by launching programs;
  • Another new record in content per vehicle1 (“CPV”) achieved in North America; and
  • Strong liquidity1, measured as cash and cash equivalents and available credit as at March 31, 2023, of $1.3 billion.
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