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Mar 30, 2024
Lear Q1 2024 Earnings Report
Lear reported first quarter record revenue and improved year-over-year margins in E-Systems.
Key Takeaways
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%.
Record first quarter revenue of $6.0 billion, up 3% year-over-year.
Sales outperformed global industry production, driven by E-Systems growth.
Adjusted earnings per share increased 14% compared to the same period last year.
Increased share repurchase authorization to $1.5 billion and extended the authorization period until December 31, 2026.
Lear
Lear
Lear Revenue by Segment
Lear Revenue by Geographic Location
Revenue by Segment
Seating Revenue
CapyFin.comE-Systems Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comEurope & Africa Revenue
CapyFin.comAsia Revenue
CapyFin.comSouth America Revenue
CapyFin.com Forward Guidance
The company's 2024 financial outlook is unchanged from its prior outlook.