Lear Q4 2022 EPS $1.97 (adj $2.81) on $5.4B sales; Seating awards $500M; 2023 outlook positive

LEAR CORP

2022-FY EPS reported $5.47 revenue$20,891,500,000

Q4 2022 sales $5.4B (+10% YoY); core operating earnings $265M (+67%); adjusted EPS $2.81 vs $1.22.
Full year 2022 sales $20.9B (+8%); adjusted EPS $8.72 vs $7.94; net cash from ops $1,021M.
Seating conquest awards add >$500M annual sales by 2025; E-Systems Michigan plant for GM battery disconnect units.
2023 outlook: company projects increased revenue, earnings, and cash flow despite modest production growth.
Free cash flow Q4 $342M vs ($13M); full year $383M vs $85M.

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 1.0

LEAR CORP reported fourth quarter and full year 2022 results: revenue increased 10% to $5.4 billion, net income $118 million, EPS $1.97.

Period: fourth quarter and full year 2022
Revenue: increased 10% to $5.4 billion
Net income: $118 million
EPS: $1.97
Result: reported results

Exact text from the filing

today reported results for the fourth quarter and full year 2022 and provided its financial outlook for the full year 2023. Fourth Quarter 2022 Highlights • Sales increased 10% to $5.4 billion, compared to $4.9 billion in the fourth quarter of 2021 • Sales growth over market of 7 percentage points, with E-Systems at 8 percentage points and Seating at 7

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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 0000842162-23-000006

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