Lear reports record 2023 sales of $23.5B; adjusted EPS up 38% to $12.02

LEAR CORP

2023-FY EPS reported $9.68 revenue$23,466,900,000

Q4 sales $5.8B (+9% YoY); adj. EPS $3.03 vs $2.81; core op earnings $288M.
Full-year net income $573M; adj. net income $710M; operating cash flow $1,249M.
Repurchased $313M of shares in 2023; paid $182M in dividends; liquidity $3.2B.
Completed IGB acquisition; outlined Seating Thermal Comfort Systems strategy.
Sixth consecutive quarter of YoY margin improvement in E-Systems segment.

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 0.85

LEAR CORP updated its fourth quarter and full year 2023 guidance (initiated).

Period: fourth quarter and full year 2023
Guidance: initiated
Result: reported results

Exact text from the filing

On February 6, 2024, Lear Corporation issued a press release reporting financial results for the fourth quarter and full year 2023 and providing its financial outlook for full year 2024.

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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 0000842162-24-000005

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