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Linamar profit rises 26 per cent on stronger sales

A worker at a Linamar plant in Guelph, Ontario. Linamar is a manufacturer of precision metallic components and systems for the automotive industry, and mobile industrial markets.

Andrew Tolson/The Canadian Press Images

Auto parts maker Linamar Corp. said first-quarter profit rose 26 per cent from year-earlier levels to $48.4-million from $38.4-million a year earlier.

Sales for the maker of engine and transmission parts increased in the key North American, European and Asian markets. Overall sales rose to $846.6-million in the three months ended March 31, up from $839.8-million a year earlier.

The Guelph, Ont.-based company said its backlog of new business rose to $2.5-billion.

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About the Author
Auto and Steel Industry Reporter

Greg Keenan has covered the automotive and steel industries for The Globe and Mail since 1995. He also writes about broader manufacturing trends. He is a graduate of the University of Toronto and of the University of Western Ontario School of Journalism. More

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