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November 9 , 2021 , Guelph , Ontario , Canada ( TSX : LNR ) Free cash flow¹ was $ 223.9 million for the third quarter of 2021 ( " Q3 2021 " ) continuing the company's excellent balance sheet management ; ● ● ● ● ● Liquidity , measured as cash and cash equivalents and available credit as at September 30 , 2021 , is $ 1.8 billion an increase from $ 1.3 billion at September 30 , 2020 ; Impressive Cash Flow Drives Dividend Increase , Buyback at Linamar During Q3 2021 , the Company experienced modest sales growth versus the third quarter of 2020 ( " Q3 2020 " ) ; Industrial segment sales up 45 % and normalized operating earnings up 50 % compared to Q3 2020 : Strong access equipment sales from the market recovery and market share growth for certain targeted products and regions ; and O O Increased agricultural sales from market growth amplified by global market growth in all core products . Mobility segment continues to experience adverse conditions associated with semi conductor supply related issues leading to a sales decline ; ( in millions of dollars , except per share figures ) Sales Operating Earnings ( Loss ) ● Strong content per vehicle in all regions from launching business and content on prioritized vehicles ; and New business wins grow strong launch book to more than $ 3.7 billion , more than 22 % year to date new business wins for electrified vehicles . Industrial Mobility Operating Earnings ( Loss ) ¹ Net Earnings ( Loss ) Net Earnings ( Loss ) per Share - Diluted Earnings before interest , taxes and amortization ( " EBITDA " ) ¹ Operating Earnings ( Loss ) - Normalized¹ Industrial Mobility Operating Earnings ( Loss ) - Normalized Net Earnings ( Loss ) - Normalized¹ Net Earnings ( Loss ) per Share - Diluted - Normalized¹ EBITDA - Normalized¹ Three Months Ended September 30 2020 $ 1,637.4 2021 $ 1,645.0 70.0 86.2 156.2 108.8 1.66 260.6 72.9 77.8 150.7 104.8 1.60 255.2 41.2 134.9 176.1 125.5 1.92 288.9 48.7 148.7 197.4 140.5 2.15 309.3 Nine Months Ended September 30 2020 $ 4,110.7 2021 $ 5,002.1 179.4 351.7 531.1 370.3 5.65 854.6 185.1 339.2 524.3 370.0 5.64 855.8 108.6 160.2 Operating Highlights Sales for Q3 2021 were $ 1,645.0 million , up $ 7.6 million from $ 1,637.4 million in Q3 2020 . The Industrial segment ( " Industrial " ) product sales increased 45.4 % , or $ 135.5 million , to $ 433.9 million in Q3 2021 from Q3 2020. The sales increase was due to : 268.8 166.1 2.54 597.9 116.6 165.0 281.6 185.6 2.84 615.4 Sales for the Mobility segment ( " Mobility " ) decreased by $ 127.9 million , or 9.6 % in Q3 2021 compared with Q3 2020. The sales in Q3 2021 were impacted by : additional access equipment sales primarily due to market recovery since Q3 2020 which was significantly impacted by the COVID 19 pandemic ; market share growth in access equipment for certain targeted products and regions ; and an increase in agricultural sales from market growth amplified by global market share growth in all core products ; partially offset by an unfavourable impact on sales from the changes in foreign exchange rates from Q3 2020 . a sales decline primarily attributed to adverse conditions associated with semi conductor supply related issues ; and an unfavourable impact on sales from the changes in foreign exchange rates from Q3 2020 ; partially offset by additional sales for launching programs and increased volumes for certain programs that the Company has significant business with ; and increased sales related to material pass through pricing offsetting the associated raw material increases . 1 For more information refer to the section entitled " Non - GAAP and Additional GAAP Measures " in the Company's separately released Management's Discussion and Analysis ( " MD & A " ) . Page 1 of 3