04:29 PM EST, 03/05/2025 (MT Newswires) -- Linamar ( LIMAF ) , a manufacturing company, after trade Wednesday said its fourth-quarter adjusted profit was impacted by impairment charges.

The company reported normalized earnings fell to $111.8 million, or $1.82 per share, from $122.2 million, or $1.92, in the prior-year period. Linamar ( LIMAF ) recorded a non-cash impairment charge of $385.5 million within its operating earnings, to account for the economic challenges and drop in automotive production in the Europe segment. Linamar ( LIMAF ) also booked restructuring charges for its Mobility segment.

Sales fell to $2.4 billion, from $2.5 billion in the previous corresponding quarter.

The company will pay a quarterly dividend of $0.25 per share on April 15.

Linamar ( LIMAF ) shares closed up $2.01 to $50.74 on the Toronto Stock Exchange.