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Jul 02, 2022
Lear Q2 2022 Earnings Report
Lear's financial performance was solid amidst industry challenges, with sales outperforming global production and strategic acquisitions made.
Key Takeaways
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.
Sales outperformed global industry production by six percentage points.
Sales increased 7% to $5.1 billion.
Net income reached $69 million, with adjusted net income at $107 million.
The company entered into an agreement to acquire I.G. Bauerhin (IGB) to enhance thermal comfort solutions.
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
Lear narrowed the ranges for its 2022 financial outlook, keeping the midpoint of the range for net sales and core operating earnings unchanged.
Revenue & Expenses
Visualization of income flow from segment revenue to net income