Lear Q3 sales $5.8B (+10%), EPS $2.25; raises FY2023 outlook

LEAR CORP

2023-Q3 EPS reported $7.50 revenue$17,625,700,000

Sales $5.78B (+10% YoY); net income $133M, diluted EPS $2.25 vs $1.54 in Q3 2022.
Adjusted EPS $2.87, up 23% YoY; core operating earnings $267M, margin 4.6% vs 4.5%.
Free cash flow $251M vs $112M; total liquidity $3.0B; returned $120M to shareholders.
E-Systems posted highest operating margins in over two years; won first GM seat ventilation program.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LEAR CORP reported third quarter 2023 results: revenue $5,781.0 million, net income $132.9 million, EPS $2.25. Guidance raised.

Period: third quarter 2023
Revenue: $5,781.0 million
Net income: $132.9 million
EPS: $2.25
Guidance: raised
Result: reported results

Exact text from the filing

and E-Systems, today reported results for the third quarter 2023 and increased its full year 2023 financial outlook. Third Quarter 2023 Highlights • Sales increased 10% to $5.8 billion, compared to $5.2 billion in the third quarter of 2022 • Net income of $133 million and adjusted net income of $170 million, compared to $92 million and $140 million,

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4 earnings releases filed in the last 30 days. Browse all earnings releases →

LEAR CORP filing history →

Source: SEC EDGAR

accession 0000842162-23-000060

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