secwatch.observer — SEC 8-K summary
======================================

Issuer:     LEAR CORP (LEA)
CIK:        0000842162
Form:       8-K
Filed at:   2022-08-02T23:59:59+00:00
Accession:  0000842162-22-000030
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lear Q2 net income falls 61% to $68.5M; Adj EPS $1.79; Sales up 7% to $5.1B
---------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/842162/000084216222000030/0000842162-22-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/842162/000084216222000030/lear-20220802.htm
  HTML page:      https://secwatch.observer/filing/0000842162-22-000030

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