Linamar Corp (TSX:LNR)
C$ 58.87 2.78 (4.96%) Market Cap: 3.63 Bil Enterprise Value: 5.46 Bil PE Ratio: 6.01 PB Ratio: 0.65 GF Score: 82/100

Q2 2023 Linamar Corp Earnings Call Transcript

Aug 09, 2023 / 09:00PM GMT
Release Date Price: C$74.77 (-3.35%)
Operator

Good afternoon, ladies and gentlemen and welcome to the Linamar Second Quarter 2023 Earnings Conference Call. (Operator Instructions) This call is being recorded on Wednesday, the 9th of August 2023.

I would now like to turn the conference over to Linda Hasenfratz, Executive Chair and CEO. Please go ahead.

Linda S. Hasenfratz
Linamar Corporation - Executive Chairman of the Board & CEO

Thanks very much and good afternoon, everyone and welcome to our second quarter conference call. Joining me this afternoon are some members of my executive team Jim Jarrell, Dale Schneider, [Alio Berger], Mark Stoddart and some members of our corporate IR, marketing, finance, HR and legal team. Before I begin, I will draw your attention to the disclaimer currently being broadcast.

I'll start off with a review of sales, earnings and content. Sales for the quarter were $2.55 billion, up 29% for last year on recovering markets and supply chains as well as market share growth. Normalized net earnings for the quarter were $160.8 million and normalized EPS $2.61.

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