Lear Q3 sales up 23% to $5.2B; adjusted EPS $2.33 vs $0.53; wins GM EV BDU contract

LEAR CORP

2022-Q3 EPS reported $3.50 revenue$15,520,600,000

Q3 sales $5.2B, up 23% YoY; net income $92M vs $26.5M loss a year ago.
Adjusted EPS $2.33, up from $0.53; core operating earnings $235M vs $98M.
Selected by GM to exclusively supply Battery Disconnect Unit on all full-size Ultium EVs through 2030.
Free cash flow $112M vs -$157M; returned $71M to shareholders via dividends and buybacks.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LEAR CORP reported the third quarter of 2022 results: revenue $5.2 billion, net income $92 million, EPS $1.54. Guidance reaffirmed.

Period: the third quarter of 2022
Revenue: $5.2 billion
Net income: $92 million
EPS: $1.54
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Sales increased 23% to $5.2 billion, compared to $4.3 billion in the third quarter of 2021 • Net income (loss) of $92 million and adjusted net income of $140 million, compared to $(27) million and $32 million, respectively, in the third quarter of 2021 • Core operating earnings of $235 million, compared to $98 million in the third quarter of 2021 • Earnings (loss) per share of $1.54 and adjusted earnings per share of $2.33, compared to $(0.44) and $0.53, respectively, in the third quarter of 2021

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4 earnings releases filed in the last 30 days. Browse all earnings releases →

LEAR CORP filing history →

Source: SEC EDGAR

accession 0000842162-22-000044

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