earnings
confidence high
sentiment positive
materiality 0.85
Lear Q4 revenue $4.9B (-7% YoY), adj EPS $1.22; FY adj EPS $7.94; dividend $0.77/sh; $700M notes for acquisition
LEAR CORP
2021-FY EPS reported
$6.19
revenue$19,263,100,000
- Q4 2021 sales $4.88B, net income $21.5M, adjusted EPS $1.22 vs $3.66 YoY.
- Full year 2021 sales $19.26B (+13% YoY), net income $373.9M, adjusted EPS $7.94 vs $5.33.
- Seating share rose to 25%; $3.3B new business backlog for 2022-2024.
- Quarterly dividend increased to $0.77/sh, returning to pre-pandemic level.
- Issued $700M senior notes to fund pending Kongsberg Interior Comfort acquisition.