04:46 PM EDT, 05/07/2025 (MT Newswires) -- Linamar ( LIMAF ) after trade Wednesday said its first-quarter profit rose while its revenue declined year-over-year. and it raised its dividend by 16%.

The auto-parts and industrial-equipment company earned $167.2 million, or $2.76 per share, in the period, up from $159.6 million, or $2.59, a year ago. FactSet expected a profit of $2.42 per share.

Revenue fell to $2.53 billion from $2.72 billion in the year-ago quarter. FactSet projected $2.58 billion.

The company said there have been no material impacts from tariffs as its product continues to be United States-Mexico-Canada Agreement compliant. "We are managing a tricky tariff minefield carefully, seeing minimal negative impact to date and in fact finding real-time opportunities. We will continue to work to mitigate risks and find ways to grow in this challenging timeframe," Executive Chair Linda Hasenfratz said.

The company's board declared a dividend of C$0.29 per share for the quarter ending March 31. It will be paid on or after June 6 to shareholders on record as of May 26. The previous quarterly dividend was C$0.25.

Linamar ( LIMAF ) shares closed up $0.94 to $53.08 on the Toronto Stock Exchange.