Guelph-based Linamar announced Wednesday that 2017 was a record year.
A 14.5 per cent increase in sales in the fourth quarter of last year helped push total sales for 2017 to $6.5 billion, a record for the company.
The auto parts manufacturer had net earnings of $549.4 million in 2017, an increase of $27 million over 2016.
One of the significant revenue streams came via a contract to supply 550,000 axels for electric vehicles.
The company announced it would be issuing a 12 cent dividend on its common shares.
Those shares were trading at $68.01 per share on the Toronto Stock Exchange prior to the release of the 2017 figures and jumped toi $73.22 as of mid-morning Thursday.
