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Oct 01, 2022
Lear Q3 2022 Earnings Report
Lear's financial performance improved, driven by higher industry volumes and a strong new business backlog.
Key Takeaways
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.
Sales increased 23% to $5.2 billion compared to Q3 2021.
Net income was $92 million, a significant improvement from $(27) million in Q3 2021.
Core operating earnings increased to $235 million from $98 million in Q3 2021.
Free cash flow was $112 million, a substantial increase from $(157) million in Q3 2021.
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's 2022 financial outlook has not changed from their prior outlook.
Revenue & Expenses
Visualization of income flow from segment revenue to net income