GUELPH, Ont. — Linamar Corp. says gross sales climbed in its final quarter on elevated market share and better pricing whereas income noticed a modest dip partially on increased enter prices.
The producer says web revenue for the quarter ending June 30 got here in at $104.5 million, or $1.61 per share, down from $108 million or $1.65 per share.
Adjusted web earnings have been $109.3 million, or $1.68 per share, up from $106.9 million or $1.63 per share.
Gross sales got here in at $1.98 billion, up from $1.58 billion for a similar quarter final 12 months.
Analysts had anticipated income of $1.8 billion and an adjusted web revenue of $1.09 per share, in line with monetary markets knowledge agency Eikon.
The corporate says gross sales have been additionally boosted by fewer provide chain issues, in addition to acquisitions in each its industrial and mobility segments.
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