secwatch.observer — SEC 8-K summary
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Issuer:     LEAR CORP (LEA)
CIK:        0000842162
Form:       8-K
Filed at:   2023-02-02T23:59:59+00:00
Accession:  0000842162-23-000006
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/842162/000084216223000006/0000842162-23-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/842162/000084216223000006/lear-20230202.htm
  HTML page:      https://secwatch.observer/filing/0000842162-23-000006

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