Lear Q1 EPS drops to $0.82 from $3.36; revenue falls 3% to $5.2B

LEAR CORP

2022-Q1 EPS reported $0.82 revenue$5,208,400,000

GAAP EPS $0.82 vs $3.36 YoY; adjusted EPS $1.80 vs $3.73.
Revenue $5.2B, down 3% YoY; core operating earnings $184M vs $336M.
Global production down 4%; Lear sales outperformed by 4 ppt.
Completed Kongsberg Interior Comfort acquisition; business wins >$1.2B.
Free cash flow $90M vs $135M; total liquidity $3.2B.

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