Lear delivered $6.0 billion in revenue and $165 million in net income for Q2 2025, with strong operating performance in both Seating and E-Systems despite flat overall sales.
Lear Corporation reported a decrease in revenue and net income in the first quarter of 2025 compared to the prior year, despite an increase in operating margins for both Seating and E-Systems segments. The company delivered solid operating performance despite lower industry production in its largest markets.
Lear Corporation reported record first quarter revenue of $6.0 billion, a 3% increase compared to the previous year. The company's sales outperformed global industry production, particularly in E-Systems, and adjusted earnings per share increased by 14%.
Lear Corporation reported a 9% increase in sales to $5.8 billion and a 9% increase in core operating earnings to $288 million for the fourth quarter of 2023. Earnings per share increased to $2.18, and adjusted earnings per share rose to $3.03. The company repurchased $175 million of Lear shares during the quarter.
Lear Corporation reported a 10% increase in sales to $5.8 billion for the third quarter of 2023. Net income rose to $133 million, and earnings per share reached $2.25. The company increased its full year 2023 financial outlook, despite an anticipated $350 million sales impact from industry disruptions related to the ongoing UAW strike.
Lear Corporation reported record sales of $6.0 billion, an 18% increase compared to the second quarter of 2022. The company's core operating earnings increased by 61% to $302 million, and earnings per share rose to $2.84. Lear's positive momentum accelerated, driven by growth in both the Seating and E-Systems segments.
Lear Corporation reported a 12% increase in sales to $5.8 billion, with sales growth over market of 6 percentage points. Net income was $144 million, and core operating earnings increased by 43% to $263 million. The company completed the acquisition of I.G. Bauerhin and secured key electrification awards.
Lear Corporation reported a 10% increase in sales to $5.4 billion for the fourth quarter of 2022, with sales growth over market of 7 percentage points. Net income was $118 million, and adjusted net income was $168 million. The company's cash flow exceeded the high end of its guidance range, reflecting early benefits from its Lear Forward plan.
Lear Corporation reported a strong third quarter with sales up 23% to $5.2 billion. Net income was $92 million, a significant improvement from the $(27) million loss in the same quarter last year. Core operating earnings also increased substantially to $235 million.
Lear Corporation reported a 7% increase in sales to $5.1 billion, outperforming global industry production by six percentage points. Net income was $69 million, and adjusted net income was $107 million. The company made strategic acquisitions to expand its capabilities in thermal comfort solutions and material utilization technologies.