Normalized Earnings per Share1 up 55.4%;
Sales up 28.8% to
Diversified strategy validated with Industrial earnings tripling over prior year, anchoring solid overall performance;
Normalized Operating Earnings1 up 54.7%;
New business wins take launch book to nearly
58% of wins for electrified vehicles ('EV');
Sales up 54.0% for Industrial due to strong markets in both agricultural and access equipment and solid market share growth notablyin our core agricultural products;
Sales up 20.2% for Mobility driven largely by launching programs;
Acquisition of Dura Shiloh's battery enclosure business closed and will drive strong battery electric vehicle CPV growth;
Propulsion agnostic and electrified vehicle sales nearly 60% of Mobility footprint inside of next 4 years.
See full release at: https://www.linamar.com/17012/
(C) 2023 Electronic News Publishing, source