secwatch.observer — SEC 8-K summary
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Issuer:     LEAR CORP (LEA)
CIK:        0000842162
Form:       8-K
Filed at:   2024-02-06T23:59:59+00:00
Accession:  0000842162-24-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/842162/000084216224000005/0000842162-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/842162/000084216224000005/lear-20240206.htm
  HTML page:      https://secwatch.observer/filing/0000842162-24-000005

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