Linamar Posts Q4 - 2012 Interm Report

Web posted on March 10, 2013

Linamar Corporation has officially released its 4th Quarter Interim Report for 2012. The report includes many operating highlights.

The Interm Report operating highlights include:
Sales for the fourth quarter of 2012 ("Q4 2012") were $756.5 million, up $38.5 million from $718.0 million in Q4 2011. The company's operating earnings for Q4 2012 were $48.3 million. This compares to adjusted operating earnings of $43.4 million in Q4 2011, an increase of $4.9 million. The Q4 2012 operating earnings for the Industrial segment were $0.3 million, a 107.7% improvement from operating losses of $3.9 million in Q4 2011.

Further department highlights include:
* Sales increase 12.6% over 2011 to reach $3.22 billion;
* Adjusted operating earnings up 32.7% over 2011 to reach a record level of $218.5 million;
* Adjusted net earnings up 36.7% over 2011;
* Adjusted EPS is up 36.6% over 2011 to reach $2.24;
* New business wins continue to be strong, launch book at more than $2.3 billion;
* Industrial segment sales up 47.2% and operating earnings up 433.8%, ends year in the black;
* Powertrain/Driveline segment sales up 8.1% and adjusted operating earnings up 14.2% over 2011;
* Return on Capital Employed improved by 21% from Q4 2011 to reach 13.08%;
* Total Debt levels reduced further from the third quarter of 2012 ("Q3 2012") and Debt to Total Capitalization continues to improve reaching 39.9%.

"We are very pleased to see 2013 close as a record year on all counts," said Linamar CEO Linda Hasenfratz. "Earnings growth continues to outpace sales growth by a significant factor, our balance sheet continues to strengthen positioning us well for continued growth and investment and we continue to see great improvements in ROCE and ROE. Our team has worked together to deliver fantastic results and the future looks great for us here at Linamar!"

The full report is available on Linamar's website