secwatch.observer — SEC 8-K summary
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Issuer:     LEAR CORP (LEA)
CIK:        0000842162
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0000842162-23-000043
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/842162/000084216223000043/0000842162-23-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/842162/000084216223000043/lear-20230801.htm
  HTML page:      https://secwatch.observer/filing/0000842162-23-000043

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