---
schema_version: "secwatch.filing_event.v1"
accession: "0000842162-23-000018"
form_type: "8-K"
ticker: "LEA"
cik: "0000842162"
company_name: "LEAR CORP"
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T10:26:37.477535+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000842162-23-000018
- form_type: 8-K
- ticker: LEA
- cik: 0000842162
- company_name: LEAR CORP
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/842162/000084216223000018/0000842162-23-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/842162/000084216223000018/lear-20230427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000842162-23-000018
- JSON: https://secwatch.observer/filing/0000842162-23-000018.json
- Plain text: https://secwatch.observer/filing/0000842162-23-000018.txt

## Key facts
- Earnings Releases
  LEAR CORP updated its full year 2023 guidance (reaffirmed).
  - Period: full year 2023
  - Guidance: reaffirmed
  - Result: guidance update
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/842162/000084216223000018/0000842162-23-000018-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.