earnings
confidence high
sentiment negative
materiality 0.80
Lear Q2 net income falls 61% to $68.5M; Adj EPS $1.79; Sales up 7% to $5.1B
LEAR CORP
2022-Q2 EPS reported
$1.96
revenue$10,279,400,000
- Sales $5.1B (+7% YoY), outperforming global industry production by 6 percentage points.
- Net income $68.5M ($1.14 EPS) vs $175.2M ($2.89 EPS); adjusted EPS $1.79 vs $2.45.
- Core operating earnings $187.4M (3.7% of sales) vs $233.2M (4.9% of sales).
- Free cash flow -$161M vs +$120M; returned $96M to shareholders via buybacks and dividends.
- Announced acquisition of I.G. Bauerhin for thermal comfort and acquired Thagora Technology.