Last C$52.84 CAD
Change Today -0.09 / -0.17%
Volume 195.1K
LNR On Other Exchanges
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As of 4:03 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

linamar corp (LNR) Snapshot

Open
C$52.65
Previous Close
C$52.93
Day High
C$53.18
Day Low
C$52.65
52 Week High
04/3/14 - C$54.99
52 Week Low
04/22/13 - C$22.52
Market Cap
3.4B
Average Volume 10 Days
199.1K
EPS TTM
C$3.31
Shares Outstanding
64.8M
EX-Date
03/31/14
P/E TM
16.0x
Dividend
C$0.40
Dividend Yield
0.64%
Current Stock Chart for LINAMAR CORP (LNR)

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linamar corp (LNR) Details

Linamar Corporation designs and manufactures precision metallic components and systems for the automotive, energy, and mobile industrial markets. The company operates in two segments, Powertrain/Driveline and Industrial. It provides engine systems, including cylinder head modules; short-block modules, including piston/connecting-rods/crankshafts; water, oil, and vacuum pump assemblies and systems; turbocharger assemblies; balance shaft modules; and common rail modules. The company also offers engine components, such as cylinder blocks and assemblies, cylinder heads and complete head assemblies, camshaft assemblies, crankshaft assemblies, connecting rods, intake manifolds, gears, flywheels, covers and housings, liners and pistons, injectors, and cases; and transmission/driveline systems, including shafts and shaft/shell assemblies, clutch modules and assemblies, transfer case assemblies, power take off units, housings and covers, differential assemblies, and planetary carrier assemblies. In addition, it provides transmission/driveline components, such as valve bodies, gears and pinions, torque converters, pumps, axles, transmission drive shafts, cases and housings, suspension knuckles and assemblies, and steering gear housings and assemblings; transmission/driveline gears, including straight, helical, bevel, and straight bevel gears for engine, transmission, and driveline automotive applications; and custom-welded hydraulic cylinders and fluid management systems, as well as lawnmowers. The company operates in North America, Europe, and the Asia Pacific. Linamar Corporation was founded in 1966 and is based in Guelph, Canada.

18,064 Employees
Last Reported Date: 03/26/14
Founded in 1966

linamar corp (LNR) Top Compensated Officers

Chief Executive Officer, Executive Vice Presi...
Total Annual Compensation: C$576.7K
President and Chief Operating Officer
Total Annual Compensation: C$439.5K
Founder and Chairman
Total Annual Compensation: C$424.6K
Chief Financial Officer
Total Annual Compensation: C$288.9K
Group President of Linamar Manufacturing Amer...
Total Annual Compensation: C$270.0K
Compensation as of Fiscal Year 2013.

linamar corp (LNR) Key Developments

Linamar Corp. Declares Quarterly Dividend, Payable on or After April 16, 2014; Reports Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2013; Provides CapEx Guidance for Year 2014

The Board of Directors of Linamar Corp. declared an eligible dividend in respect to the quarter ended December 31, 2013 of CAD 0.10 per share on the common shares of the company, payable on or after April 16, 2014 to shareholders of record on April 2, 2014. Linamar Corp. reported unaudited earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported sales of CAD 926.1 million against CAD 756.5 million a year ago. The double-digit sales growth driven by market share growth in both its vehicle and access markets, eclipsed by excellent earnings growth to drive margins to above target levels, all of which drove massive cash generation to allow to dramatically reduce debt levels. Operating earnings were CAD 84.8 million against CAD 48.3 million a year ago. Adjusted operating earnings were CAD 69.7 million against CAD 48.3 million a year ago. Adjusted operating earnings were CAD 69.7 million against CAD 48.3 million a year ago. Net earnings attributable to shareholders of the company were CAD 68.7 million or CAD 1.06 per share against CAD 30.7 million or CAD 0.47 per share a year ago. Adjusted net earnings attributable to shareholders of the company were CAD 55.0 million or CAD 0.85 per share against CAD 30.7 million or CAD 0.47 per share a year ago. For the year, the company reported sales of CAD 3,595.5 million against CAD 3,221.9 million a year ago. Operating earnings were CAD 320.1 million against CAD 218.5 million a year ago. Adjusted operating earnings were CAD 305.0 million against CAD 218.5 million a year ago. Net earnings attributable to shareholders of the company were CAD 229.8 million or CAD 3.55 per share against CAD 146.1 million or CAD 2.26 per share a year ago. Adjusted net earnings attributable to shareholders of the company were CAD 216.1 million or CAD 3.34 per share against CAD 144.9 million or CAD 2.24 per share a year ago. Return on equity improved 28.2% from 2012 to reach 19.1%; and positive cash flow reduces net debt by CAD 223.8 million from 2013 to CAD 413.7 million and total debt to capital continues to improve reaching 29.6%. The improvements in operating earnings for the year is mainly due to the stronger volumes, the cost of improvements made, partially offset by investments in labor and fixed overhead costs that were made in the first 2 quarters. Removing the FX impacts, the operating earnings would have been CAD 52.8 million for 2013 in comparison to CAD 23.6 million in 2012. As a result, operating earnings grew by 123.7%. The company expects to see CapEx, excluding acquisitions, at the high end of sales from 8% to 10% range in 2014.

Linamar Seeks Acquisitions

Linamar Corp. (TSX:LNR) seeks acquisitions. "I would prefer to invest the money in continued growth, whether it be new opportunities or potentially acquisition opportunities, that would be the preference as opposed to continued increases in dividends and share buyback," said Linda Hasenfratz, Linamar Corp, Chief Executive Officer.

Linamar Corporation Announces Demise of David Buehlow as a Member of the Company's Board of Directors

Linamar Corporation announced the passing of a member of the Company's Board of Directors, David Buehlow. Mr. Buehlow died peacefully on December 22, 2013 at the age of 77. Mr. Buehlow became a director of Linamar in 1998 and was a vital part of Linamar for over 15 years. His financial experience through his partnership at Coopers & Lybrand (now PricewaterhouseCoopers) was invaluable to Linamar.

 

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LNR

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Valuation LNR Industry Range
Price/Earnings 14.5x
Price/Sales 0.9x
Price/Book 2.4x
Price/Cash Flow 14.4x
TEV/Sales 0.7x
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