Linamar Corp (FRA:LNR)
€ 38 0.8 (2.15%) Market Cap: 2.40 Bil Enterprise Value: 3.61 Bil PE Ratio: 5.78 PB Ratio: 0.62 GF Score: 82/100

Q2 2019 Linamar Corp Earnings Call Transcript

Aug 08, 2019 / 09:00PM GMT
Release Date Price: €27.55 (+2.07%)
Operator

Good day. My name is Linieta and I will be your conference operator today. At this time, I would like to welcome everyone to the Linamar Q2 2019 Earnings Conference Call. (Operator Instructions) I would now like to turn the call over to today's speaker, Ms. Linda Hasenfratz. You may begin your conference, ma'am.

Linda S. Hasenfratz
Linamar Corporation - CEO & Non-Independent Director

Thank you. Good afternoon, everyone, and welcome to our second quarter conference call. Joining me this afternoon are members of my executive team: Jim Jarrell, Dale Schneider, Roger Fulton, Mark Stoddart and members of our corporate marketing, finance and legal team.

Before I begin, I will draw your attention to the disclaimer currently being broadcast. I'm going to start off with sales, earnings and content as usual. Sales for the quarter were $2.09 billion, down somewhat from last year but meaningfully outperforming market. Global vehicle markets were down 5.6% whereas our Transportation segment only slipped 1.3%. And boom sales were up in North America, despite

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