Latest news with #LindaHasenfratz
Yahoo
4 days ago
- Automotive
- Yahoo
Linamar reports $126.9M Q2 profit, as it remains 'largely unaffected' by tariffs
GUELPH — Linamar Corp. reported net earnings of $126.9 million during its second quarter, down from $174.1 million a year earlier. The company says its earnings amounted to $2.12 per diluted share, down from $2.82 per diluted share during the same period a year ago. The Guelph, Ont.-based auto parts manufacturer says its sales totalled $2.6 billion during the quarter, down from $2.8 billion during the same period last year. On an adjusted basis, the company says it earned $2.81 per diluted share in the quarter compared with $3.06 per diluted share a year earlier. The company's industrial segment earnings fell in the quarter while earnings in its mobility division rose. Linamar executive chair Linda Hasenfratz says the company has remained largely unaffected by tariffs imposed by the U.S. as its products continue to be CUSMA compliant. This report by The Canadian Press was first published Aug. 13, 2025. Companies in this story: (TSX:LNR) The Canadian Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Winnipeg Free Press
4 days ago
- Automotive
- Winnipeg Free Press
Linamar reports $126.9M Q2 profit, as it remains ‘largely unaffected' by tariffs
GUELPH – Linamar Corp. reported net earnings of $126.9 million during its second quarter, down from $174.1 million a year earlier. The company says its earnings amounted to $2.12 per diluted share, down from $2.82 per diluted share during the same period a year ago. The Guelph, Ont.-based auto parts manufacturer says its sales totalled $2.6 billion during the quarter, down from $2.8 billion during the same period last year. On an adjusted basis, the company says it earned $2.81 per diluted share in the quarter compared with $3.06 per diluted share a year earlier. The company's industrial segment earnings fell in the quarter while earnings in its mobility division rose. Linamar executive chair Linda Hasenfratz says the company has remained largely unaffected by tariffs imposed by the U.S. as its products continue to be CUSMA compliant. This report by The Canadian Press was first published Aug. 13, 2025. Companies in this story: (TSX:LNR)
Yahoo
05-08-2025
- Automotive
- Yahoo
Linamar's Hasenfratz urges Canada to hold the line on CUSMA amid rising tariff uncertainty
Linamar executive chair Linda Hasenfratz is urging Ottawa to defend the CUSMA trade pact, warning that any move to impose tariffs on auto parts could severely disrupt the industry's deeply integrated North American supply chain. Automakers have been hit hard by U.S. President Donald Trump's trade war due to tariffs on exported vehicles and metals, which have negatively impacted their bottom lines. Yet, within the automotive industry, the vast majority of products crossing the border, particularly parts, are CUSMA-compliant and operating under zero duties. Still, there's a risk that could change. Hasenfratz, board chair of the Association of Equipment Manufacturers, is urging the federal government to work hard to maintain the CUSMA agreement, warning that dismantling it would have a devastating impact on the economy. 'While its spirit and substance have been undermined by the Trump administration, the Canada-U.S.-Mexico Agreement has thus far been key to Canada's perceived safety net,' said CIBC Capital Markets economist Avery Shenfeld. Canada's advantage from the CUSMA carve-out is only as strong as the agreement itself, which will lapse in 2026 unless all parties agree to renew it, he says. 'The cloud of uncertainty will hang over capital spending plans in a broad range of Canadian export sectors,' Shenfeld added, noting that Canada could lose its special exemption at any time. 'I still believe that if they put tariffs on parts, it would bring the industry to its knees because it's such an integrated supply chain of parts going back-and-forth the border multiple times,' Hasenfratz said. Trying to apply a tariff on each of those crossings would be enormously expensive, she says. After decades of free trade, trying to 'unscramble the eggs,' as many people have said, would be difficult, costly, and wouldn't create value, she adds. 'Let's address the concerns that exist and make sure that people are feeling comfortable with the trade agreement we have in any areas that are felt to be lacking,' Hasenfratz said. If CUSMA stays intact, Linamar stands to benefit as its customers look to onshore products currently sourced from Asia and Europe. With new international trade deals in place, clients are comparing tariff costs, and that's prompting many to consider localizing their supply chains. 'I see this as a real opportunity for us to potentially get some new business and we're quoting on such opportunities.' Hasenfratz is optimistic that Canada's automotive sector will remain a pillar of the economy. Suppliers, she notes, play an essential role and are poised for growth. She also believes Canada will continue to be a home for vehicle assembly due to its productivity, talent pool, and green, low-cost energy. These fundamentals are how one should decide where to manufacture, Hasenfratz says. 'Don't make long-term decisions on short-term tactics. Make long-term decisions on long-term fundamentals, and that's something Canada has in spades.' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
01-06-2025
- Business
- Yahoo
Linamar Insider Ups Holding During Year
Looking at Linamar Corporation's (TSE:LNR ) insider transactions over the last year, we can see that insiders were net buyers. That is, there were more number of shares purchased by insiders than there were sold. While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. The Executive Chairman of the Board Linda Hasenfratz made the biggest insider purchase in the last 12 months. That single transaction was for CA$3.0m worth of shares at a price of CA$60.01 each. That means that an insider was happy to buy shares at around the current price of CA$62.74. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the Linamar insider decided to buy shares at close to current prices. Linda Hasenfratz was the only individual insider to buy shares in the last twelve months. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date! View our latest analysis for Linamar There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying. The last three months saw significant insider selling at Linamar. In total, insider Csaba Havasi dumped CA$1.7m worth of shares in that time, and we didn't record any purchases whatsoever. This may suggest that some insiders think that the shares are not cheap. I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Linamar insiders own 36% of the company, currently worth about CA$1.3b based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders. An insider hasn't bought Linamar stock in the last three months, but there was some selling. But we take heart from prior transactions. On top of that, insiders own a significant portion of the company. So the recent selling doesn't worry us. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Linamar. At Simply Wall St, we found 3 warning signs for Linamar that deserve your attention before buying any shares. If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
CTV News
08-05-2025
- Business
- CTV News
Linamar reports higher profit in Q1
The Street Linda Hasenfratz, executive chair at Linamar, discusses earning results in Q1 and the impact tariffs are having on the manufacturing company's production.
