Linamar Corp. (TSX:LNR) said Wednesday it earned $48.4 million in its first quarter, up from $38.4 million a year ago, helped by improved margins.
The auto parts maker said the profit amounted to 75 cents per share for the quarter ended March 31, up from 61 cents per share a year ago.
Sales were $846.6 million, up from $839.8 million.
Linamar chief executive Linda Hasenfratz said the results were a new record for the company.