Linamar Corporation: Sales and Earnings Growth Continue in Tough Markets, Record New Business Wins in North America and Strong Free Cash Flow Signals Strong Future
Key Highlights
- ➤Q3 sales increased 21.0% to $3.08 billion
- ➤Normalized EPS increased 3.2% to $2.59
- ➤Free cash flow reached $190.3 million in Q3 2026
- ➤Renewed NCIB permits repurchases of up to 3,723,719 shares
- ➤2026 outlook for record sales and earnings remains intact despite tariffs
Expert Statements
Linda Hasenfratz, Executive Chair of Linamar
“Q3 was another solid quarter for us despite softening markets with sales and earnings growth again achieved. New business wins over the last twelve months are at record levels in both Canada and the US as we aggressively pursue growth in a dynamic market. Despite headwinds, we still expect to grow sales and earnings this year and next to new record levels.”
Jim Jarrell, CEO and President of Linamar
“Linamar continues to perform and win in challenging markets. We delivered strong sales growth across both segments, solid earnings and excellent Free Cash Flow, while continuing to gain market share and achieving record new business wins in North America. More than 90% of our sales remain tariff free, and our strong balance sheet gives us the flexibility to invest in growth and return capital to shareholders. I am extremely proud of our team’s GRIT!!! We have strong momentum and remain confident in our ability to deliver record sales and earnings!”
GUELPH, Ontario, Nov. 04, 2026 (GLOBE NEWSWIRE) -- (TSX: LNR)
Strong Sales and Solid Earnings Performance from Our Diversified Strategy * Sales increased 21.0% to reach $3.08 billion; * Normalized Earnings per Share(1) increased 3.2% to $2.59 for the quarter; and * Normalized Net Earnings(1) increased 2.3% to $153.5 million for the quarter. Excellent Industrial Segment Sales Growth * Sales increased by 22.8% to $761.3 million for the quarter, driven by strong global market demand for access equipment, as well as increased agricultural sales on key products driven by market share gains despite a weaker market; and * Normalized Operating Earnings(1) increased 5.8% to $65.3 million for the quarter. Significant Mobility Segment Sales Growth Continues * Sales increased 20.4% to $2.31 billion for the quarter; * Market share growth in every region; and * Record new business wins (“NBW”) in last twelve months in Canada, the United Sates (“US”) and China. Continued Free Cash Flow Generation and Strong Liquidity * $190.3 million of Free Cash Flow(1) generated in Q3 2026; and * Liquidity(1) remains strong at $2.1 billion. Returning Cash to Shareholders * Linamar has repurchased 1,423,600 shares to date as part of its current normal course issuer bid and has returned $131.2 million to shareholders as a result; and * Linamar is maintaining its dividends to shareholders at $0.32 per share quarterly. Tariff Impact Still Contained * More than 90% of Linamar sales are tariff free. * Auto parts that are USMCA compliant continue to be tariff free into the US and are the majority of our sales. * Most Industrial segment products shipping to the US are also USMCA compliant and tariff free.
Get started
Create a free account to read the full story.