earnings
confidence medium
sentiment positive
materiality 0.75
Lear Q2 sales surge 95% to $4.8B; EPS $2.89 vs loss $4.89 a year ago
LEAR CORP
2021-Q2 EPS reported
$6.25
revenue$10,115,100,000
- Sales $4.76B, up 95% YoY; net income $175M vs loss $294M in Q2 2020.
- Core operating earnings $233M vs loss $248M; adjusted EPS $2.45 vs loss $4.14.
- Free cash flow $120M vs use $611M; repurchased ~170k shares for $31M.
- Seating margins 7.0%; E-Systems margins 2.3%; both segments positive.
- Moody's and Fitch upgraded Lear credit rating outlook.