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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.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company's 2024 financial outlook is unchanged from its prior outlook.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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