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HomeStocksLinamar Company (LIMAF) This fall 2022 Earnings Name Transcript

Linamar Company (LIMAF) This fall 2022 Earnings Name Transcript

Linamar Company (OTCPK:LIMAF) This fall 2022 Earnings Convention Name March 8, 2023 5:00 PM ET

Firm Individuals

Linda Hasenfratz – Government Chairman and CEO

Dale Schneider – CFO

Jim Jarrell – President, COO and Director

Convention Name Individuals

Michael Glen – Raymond James

Peter Sklar – BMO Capital Markets

Krista Friesen – CIBC

Brian Morrison – TD Securities


Good afternoon, women and gents, and welcome to the Linamar This fall 2022 Earnings Name Convention Name. [Operator Instructions]. This name is being recorded on Wednesday, 8 of March 2023.

I might now like to show the convention over to Linda Hasenfratz, Government Chair and CEO. Please go forward.

Linda Hasenfratz

Thanks. Good afternoon, everybody, and welcome to our fourth quarter convention name.

Becoming a member of me this afternoon are members of my govt staff, Jim Jarrell, Dale Schneider, Roger Fulton, Mark Stoddart, in addition to members of our company IR, advertising and marketing, finance, and authorized groups. Earlier than I start, I am going to draw your consideration to the disclaimer that’s at present being broadcast.

I will begin off as traditional with a assessment of gross sales, earnings and content material. Gross sales for the quarter have been $2.1 billion up 34% from final yr on recovering market and market share progress. That took gross sales for the total yr to a brand new file at $7.92 billion greater than recovered from the pandemic, which is improbable to see.

Normalized internet earnings for the quarter have been $99.5 million. Earnings have been up 69% over final yr on stronger gross sales regardless of massively increased prices, an absence of subsidies compared to prior yr and better SG&A, fastened prices supporting our progress methods.

Normalized EPS for the yr was $6.26 fairly flat to final yr with a robust again half principally offsetting a tricky first half when it comes to earnings progress, not dangerous for a really powerful atmosphere

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