Another strong quarter for Skyjack
The Industrial division of Linamar, of which Skyjack is the major constituent, reported a 28 percent rise in fourth quarter revenues to $113.6 million while operating profits grew to $5.2 million from just $300,000 in 2012.
The increases are due to higher aerial lifts sales, including a significant gain in market share for its emerging boom lift line.
The company has yet to post its annual report, or official filings or forms, so we are not able to provide any further detail at this point. When it is published we will update this article.
Chief executive Linda Hasenfratz said: "We are thrilled to register another fantastic quarter to close out a record year in sales and earnings for Linamar. Financially we saw double digit sales growth, driven by market share growth in both our vehicle and access markets, eclipsed by excellent earnings growth to drive margins to above target levels, all of which drove massive cash generation to allow us to dramatically reduce debt levels. At the same time we registered record levels of new business wins to solidify our growth over the next several years. We have an excellent team that is firing on all cylinders right now, we feel great about where we are and where we are headed at Linamar.”