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
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.