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The Guelph, Ont.-based manufacturing company reported late Wednesday that it earned $104.4 million or $1.69 per diluted share in the fourth quarter of 2023, up from $92.2 million or $1.49 per diluted share a year earlier. Sales for the quarter rose to $2.5 billion from $2.1 billion.

On a normalized basis, the company says it earned $1.98 per diluted share in its latest quarter, up from a normalized profit of $1.61 per per diluted share a year earlier.

Linamar also announced Wednesday that it will now pay a quarterly dividend of 25 cents per share, up from 22 cents.

Shares in the company closed up $7.27 at $70.82 on the Toronto Stock Exchange.

This report by ¹ú²úÓÕ»ó¸£Àû was first published March 7, 2024.

Companies in this story: (TSX:LNR)