Linamar earnings date
Linamar (LIMAF) Q3 2026 Earnings Report
LIMAF Q3 2026 EPS Results
- Actual EPS
- $1.83
- Consensus EPS
- $1.89
- Beat/Miss
- Missed by -$0.07
- One Year Ago EPS
- $1.77
LIMAF Q3 2026 Revenue Results
- Actual Revenue
- $2.17B
- Expected Revenue
- $2.07B
- Beat/Miss
- Beat by +$102.94M
- YoY Revenue Growth
- +21.03%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/04/2026
- Time
- After Close
- Conference Call
- Wednesday, November 4, 2026
Linamar's next earnings date is estimated for March 3, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
The call was positive overall. Linamar reported strong 21% sales growth, higher normalized earnings and EPS, substantial free cash flow, low leverage, record new business wins, market-share gains and strong Skyjack performance. Management maintained its full-year outlook for double-digit sales growth, EPS growth and record 2026 sales and earnings. These strengths outweighed the stated challenges from weaker Mobility and agricultural markets, unfavorable program mix, customer shutdowns, tariffs and expected Q4 earnings and margin pressure.
For Q4, Linamar expects Mobility sales to grow, normalized operating earnings to be flat compared to Q4 last year, and margins contracting modestly below the normal range of 7% to 10%; Industrial sales are expected to show double-digit sales growth, normalized industrial operating earnings are expected to decline compared to Q4 last year, and operating margins are expected to contract and remain below the normal range of 14% to 18%. On a consolidated basis, Q4 is expected to deliver double-digit sales growth, normalized EPS to decline compared to Q4 last year, normalized net margins to contract modestly from the prior year, and positive free cash flow. For the full year 2026, Linamar continues to expect double-digit sales growth, growth in normalized EPS, a modest contraction to normalized net margins, CapEx to increase from the prior year while remaining below the normal range as a percent of sales, low leverage, strongly positive free cash flow generation, record sales, record earnings and strong free cash flow generation. For 2027, Linamar expects strong top line growth, some EPS growth and modest margin expansion, assuming reasonably flat mobility industry volumes with some downside risk, some recovery in agriculture, continued strength in access with modest access growth compared to 2026, and known tariff impacts. Industry expectations include global light vehicle production declining 1.7% in '26 and growing 0.9% in '27, and the Skyjack global market growing nearly 27% in '26 before growth moderates in '27 but remains positive across all regions.
- Record Sales and Earnings GrowthQ3 sales were $3.1 billion, up 21% year-over-year. Normalized net earnings were $154 million, or 5% of sales, up 2.3%, while normalized EPS was $2.59, up 3.2%. The company expects to deliver record sales and record earnings for full-year 2026.
- Strong Free Cash Flow and Balance SheetQ3 free cash flow was $190.3 million, with year-to-date free cash flow above $645 million. Cash from operating activities was $285.5 million. Net debt to EBITDA was 0.47x versus 0.76x a year ago, available credit was $873.9 million, and total liquidity was $2.1 billion.
- Mobility Sales Growth from Acquisitions and LaunchesMobility sales increased $392.9 million, or 20.4%, to $2.3 billion. Growth was mainly driven by recent acquisitions, launching programs, higher-than-normal metal market surcharge pass-throughs and favorable foreign exchange, partially offset by weaker volumes, extended customer shutdowns and lower production on certain ending programs.
- Record New Business WinsNew business wins in Canada and the U.S. during the first three quarters exceeded the full-year total from last year. The last 12 months of wins in both countries were well above any prior annual record, and China also delivered record-level wins. Q3 new business wins across Mobility and Industrial were close to $400 million.
- Global Content per Vehicle GrowthContent per vehicle increased in every global region. North America CPV was up 30%, Europe was up 10.7%, Asia was up 7.9%, and global CPV increased approximately 22% year-over-year.
- Industrial Segment Earnings RecoveryIndustrial sales increased 22.8%, or $141.6 million, to $761.3 million. Normalized Industrial operating earnings increased $3.6 million, or 5.8%, to $65.3 million, supported by stronger access equipment sales, agricultural market-share gains, and operational and cost reductions.
- Skyjack Growth and Market Share GainsSkyjack volumes were up 41% year-to-date versus market growth of 32%. Growth was broad-based across major regions and product categories. The global access equipment market is forecast to grow nearly 27% in 2026, primarily driven by data center construction, with the data center market expected to grow from approximately $56 billion this year to about $95 billion by 2030.
- Skyjack Product Innovation and BacklogSkyjack launched the SJ22 TE+ electric telescopic boom in China and Southeast Asia, offering a 22-meter working height for indoor and outdoor use. The SJ3232 E electric scissor won the 26th Rental Editor's Choice Award. Skyjack's Q3 2025 backlog was described as approximately 500% to 600% higher than the comparable period.
- Agriculture Market-Share Gains Despite DownturnAll three agricultural brands continued to gain market share on key product lines despite expected industry demand declines of approximately 10% to 15% in North America and 5% to 10% in Europe and the rest of the world. MacDon grew global combine draper share, Salford grew U.S. tillage share, and Bourgault grew U.S. air seeder share.
- Bourgault-CNH Strategic AllianceBourgault announced a strategic alliance with CNH to supply co-branded seeding solutions using Bourgault's seeding expertise and the Case IH and New Holland global reach and delivery networks across North America, Australia and other key international markets.
- Continued Acquisition and M&A OpportunityLinamar completed three distressed acquisitions over the last three years, adding to its technology portfolio and global footprint. Management said the pipeline of distressed companies continues to grow, particularly in Europe, while opportunities are also present in the U.S.; the company is evaluating assets selectively based on technology, customer fit and cultural alignment.
- Defense and Robotics ExpansionLinamar has memorandums of understanding in place and is in advanced discussions with international defense primes across all domains. In robotics, the company has built 43 Linamar-manufactured cobots, with 30 deployed or being installed, and plans to deploy 500 cobots across Linamar by 2027; approximately 303 are already allocated internally.
- Share Repurchases and Capital ReturnsLinamar repurchased approximately 1.4 million shares for more than $131 million under its current NCIB. Since November 2024, total cash returned to shareholders was $231 million through the purchase and cancellation of approximately 3.2 million shares. The renewed NCIB permits repurchasing up to 3.7 million shares, or 10% of the public float, from November 17, 2026 to November 16, 2027.
- Full-Year Outlook MaintainedThe company maintained its August 2026 outlook for double-digit sales growth, normalized EPS growth, a modest contraction in normalized net margins, increased CapEx remaining below the normal range as a percentage of sales, low leverage and strongly positive free cash flow. Q3 met the previously provided expectations for sales growth, normalized EPS, normalized net margins and free cash flow.
- Tariff Exposure Limited Across the BusinessMore than 90% of Linamar's sales are not impacted by tariffs. The company is pursuing tariff mitigation through classification, recovery programs, distribution and customs optimization, supply-chain actions, commercial actions and cost discipline.
LIMAF Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Mar 03, 2027 | 2026 (Q4) | 1.56- | 1.61 | ― | ― |
| Nov 04, 2026 | 2026 (Q3) | 1.891.83 | 1.77 | 3.19% (+0.06) | |
| Aug 12, 2026 | 2026 (Q2) | 2.202.17 | 1.98 | 9.61% (+0.19) | |
| May 06, 2026 | 2026 (Q1) | 1.982.31 | 1.95 | 18.84% (+0.37) | |
| Mar 04, 2026 | 2025 (Q4) | 1.401.61 | 1.28 | 25.27% (+0.32) | |
| Nov 12, 2025 | 2025 (Q3) | 1.701.77 | 1.66 | 6.81% (+0.11) | |
| Aug 13, 2025 | 2025 (Q2) | 1.941.98 | 2.16 | -8.17% (-0.18) | |
| May 07, 2025 | 2025 (Q1) | 1.711.95 | 1.83 | 6.56% (+0.12) | |
| Mar 05, 2025 | 2024 (Q4) | 1.111.28 | 1.4 | -8.08% (-0.11) | |
| Nov 12, 2024 | 2024 (Q3) | 1.631.66 | 1.56 | 6.33% (+0.10) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
