secwatch.observer — SEC 8-K summary
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Issuer:     LEAR CORP (LEA)
CIK:        0000842162
Form:       8-K
Filed at:   2021-11-02T23:59:59+00:00
Accession:  0000842162-21-000051
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lear Q3 net loss $27M; adjusted EPS $0.53 vs $3.73; sales down 13%; doubles dividend to $0.50
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- Net loss of $(27M) ($(0.44) per share); adjusted net income $32M ($0.53 adjusted EPS).
- Sales $4.3B, down 13% YoY, outperforming global vehicle production by 9 percentage points.
- Core operating earnings $98M (2.3% of sales) vs $327M a year ago; free cash flow $(157M).
- Doubled quarterly cash dividend to $0.50 per share; repurchased $69M in shares during Q3.
- Announced definitive agreement to acquire substantially all of Kongsberg Automotive's Interior Comfort Division.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/842162/000084216221000051/0000842162-21-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/842162/000084216221000051/lear-20211102.htm
  HTML page:      https://secwatch.observer/filing/0000842162-21-000051

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer