sector: Cyclical Consumer Goods & Services ·
industry: Auto/Truck/Motorcycle Parts ·
As of
24 Nov 2009
14.70CAD
Linamar Corporation is a diversified global manufacturing company of engineered products. The Company designs and manufactures precision metallic components and systems for the automotive industry and mobile industrial markets. The Company is a supplier of engine, transmission/driveline, modules & systems and mobile aerial work platforms. The Company’s Powertrain and Driveline divisions focuses on the collaborative design, development and manufacture of precision metallic components, modules and systems for global vehicle and power generation markets. The Company’s Industrial division is in the design and production of mobile industrial equipment, aerial work platforms and telehandlers. The Company had 37 manufacturing locations, five research and development (R&D) centers and 11 sales offices in Canada, the United States, Mexico, Germany, Hungary, the United Kingdom, China, Korea and Japan during the year ended December 31, 2008.
BRIEF: For the six months ended 30 June 2009, Linamar Corporation's revenues decreased 35% to C$802.9M. Net loss from continuing ops. totaled C$49.3M vs. an income C$61.4M. Revenues reflect a decrease in income from Industrial and lower revenue from Powertrain segments. Higher loss reflects an increase in interest expenses related to long term debt, lower interest income and the presence of goodwill impairment expenses.
Linamar Corp
287 Speedvale Avenue West
Guelph ON N1H 1C5
P: +1519.8367550
F: +1519.8248479