Linamar shares jump 7.6% after first-quarter revenue rises 16%
Updated
Updated · MarketWatch · May 7
Linamar shares jump 7.6% after first-quarter revenue rises 16%
10 articles · Updated · MarketWatch · May 7
The Canadian auto-parts maker's stock reached C$97.52 as revenue hit C$2.94 billion, above forecasts of C$2.8 billion, while net profit rose to C$221.4 million from C$177.7 million.
Adjusted earnings came in at C$3.28 a share, beating expectations of C$2.81, helped by fresh business wins and record sales, earnings and bookings, executive chair Linda Hasenfratz said.
Linamar said less than one-tenth of revenue is exposed to US tariffs, easing concern for Canadian auto-parts suppliers facing potential Section 232 cost pressures despite broader industry vigilance.
Linamar's profits are booming, but is its leader's optimism on tariffs ignoring a critical trade rule loophole?
Amidst EV market turmoil and punishing tariffs, what is the secret behind this auto-parts maker's record-breaking success?