---
schema_version: "secwatch.filing_event.v1"
accession: "0000842162-23-000035"
form_type: "8-K"
ticker: "LEA"
cik: "0000842162"
company_name: "LEAR CORP"
filed_at: "2023-06-27T23:59:59+00:00"
generated_at: "2026-06-13T16:42:48.197867+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lear raises 2023 outlook and targets 29% seating market share by 2027

## Summary
- 2023 guidance raised: net sales midpoint up $1B to ~$22.7B, core earnings up $100M to ~$1.075B.
- Seating market share target raised to 29% by 2027, from 25% currently, driven by luxury and EV demand.
- Thermal Comfort Systems portfolio expanded; targeting Seating margins of 8.5%-9.0% by 2027.
- Adjusted EBITDA midpoint raised $100M to ~$1.675B; free cash flow midpoint raised $80M to ~$530M.

## SEC filing metadata
- accession: 0000842162-23-000035
- form_type: 8-K
- ticker: LEA
- cik: 0000842162
- company_name: LEAR CORP
- filed_at: 2023-06-27T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/842162/000084216223000035/0000842162-23-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/842162/000084216223000035/lear-20230627.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000842162-23-000035
- JSON: https://secwatch.observer/filing/0000842162-23-000035.json
- Plain text: https://secwatch.observer/filing/0000842162-23-000035.txt

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