secwatch.observer — SEC 8-K summary
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Issuer:     LEAR CORP (LEA)
CIK:        0000842162
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0000842162-22-000018
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/842162/000084216222000018/0000842162-22-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/842162/000084216222000018/lear-20220503.htm
  HTML page:      https://secwatch.observer/filing/0000842162-22-000018

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