Lear Q1 record revenue $6.0B; adj EPS $3.18 up 14% YoY; $1.5B buyback auth

LEAR CORP

2024-Q1 EPS reported $1.90 revenue$5,994,600,000

Q1 revenue $6.0B, +3% YoY; record quarter; sales outperformed global vehicle production.
GAAP EPS $1.90; adjusted EPS $3.18, +14% YoY; core operating earnings $280M, +6%.
E-Systems 7th consecutive quarter of margin improvement; Seating adjusted margin 6.6%.
Acquired WIP Industrial Automation to strengthen automation/ AI; expected close by Q3 2024.
Share repurchase authorization increased to $1.5B, extended to Dec 31, 2026; $30M repurchased in Q1.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.