---
schema_version: "secwatch.filing_event.v1"
accession: "0000842162-23-000043"
form_type: "8-K"
ticker: "LEA"
cik: "0000842162"
company_name: "LEAR CORP"
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T19:57:26.203098+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lear Q2 sales $6.0B record (+18% YoY); adj EPS $3.33 (+86%); free cash flow $159M

## Summary
- Net income $168.7M ($2.84 EPS) vs $68.5M ($1.14 EPS); adjusted net income $197.9M ($3.33 adj EPS).
- Core operating earnings $301.8M, up 61% from $187.4M; margin improved to 5.0% of sales from 3.7%.
- Seating segment adjusted margin 7.2%; E-Systems adjusted margin 4.1%; sales outperformed global production by 2 ppt.
- Free cash flow $159M vs $(161)M; cash $902M, total liquidity $2.9B; share repurchases & dividends $83M.
- Completed acquisition of I.G. Bauerhin (IGB) for thermal comfort; reaffirmed 2023 outlook (updated June 27).

## SEC filing metadata
- accession: 0000842162-23-000043
- form_type: 8-K
- ticker: LEA
- cik: 0000842162
- company_name: LEAR CORP
- filed_at: 2023-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/842162/000084216223000043/0000842162-23-000043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/842162/000084216223000043/lear-20230801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000842162-23-000043
- JSON: https://secwatch.observer/filing/0000842162-23-000043.json
- Plain text: https://secwatch.observer/filing/0000842162-23-000043.txt

## Key facts
- Earnings Releases
  LEAR CORP reported second quarter 2023 results: revenue $3.33, EPS $3.33.
  - Period: second quarter 2023
  - Revenue: $3.33
  - EPS: $3.33
  - Result: reported results
  source text: profitable growth, strong cash flow and significant shareholder returns.” Second Quarter Financial Results (in millions, except per share amounts) 2023 2022 Reported Sales $ 5,999.2 $ 5,071.0 Net income $ 168.7 $ 68.5 Earnings per share $ 2.84 $ 1.14 Adjusted (1) Core operating earnings $ 301.8 $ 187.4 Adjusted net income $ 197.9 $ 107.4 Adjusted earnings per
  evidence_url: https://www.sec.gov/Archives/edgar/data/842162/000084216223000043/0000842162-23-000043-index.htm
- Earnings Releases
  LEAR CORP reported second quarter 2023 results: revenue $3.33, EPS $3.33.
  - Period: second quarter 2023
  - Revenue: $3.33
  - EPS: $3.33
  - Result: reported results
  source text: Adjusted earnings per share were $3.33 up 86% compared to a year ago, primarily reflecting higher operating earnings.
  evidence_url: https://www.sec.gov/Archives/edgar/data/842162/000084216223000043/0000842162-23-000043-index.htm

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