Lear Q1 sales +12% to $5.8B; adj EPS $2.78 vs $1.80; completes IGB acquisition

LEAR CORP

2023-Q1 EPS reported $2.41 revenue$5,845,500,000

Sales $5.85B (+12% YoY); net income $143.6M vs $49.4M; EPS $2.41 vs $0.82.
Adjusted EPS $2.78 (+54% YoY); core operating earnings $263M (+43%).
Free cash flow negative $(147)M vs positive $90M in prior year Q1.
Completed I.G. Bauerhin acquisition to expand thermal comfort systems.
Seating and E-Systems posted sales growth over market of 6 and 4 ppts, respectively; key electrification awards secured.

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 updated its full year 2023 guidance (reaffirmed).

Period: full year 2023
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

On April 27, 2023, Lear Corporation issued a press release reporting financial results for the first quarter of 2023 and confirming its financial outlook for the full year 2023.

View on SEC.gov

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

LEAR CORP filing history →

Source: SEC EDGAR

accession 0000842162-23-000018

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.