secwatch.observer — SEC 8-K summary
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Issuer:     LEAR CORP (LEA)
CIK:        0000842162
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0000842162-23-000018
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/842162/000084216223000018/0000842162-23-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/842162/000084216223000018/lear-20230427.htm
  HTML page:      https://secwatch.observer/filing/0000842162-23-000018

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