secwatch.observer — SEC 8-K summary
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Issuer:     LEAR CORP (LEA)
CIK:        0000842162
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0000842162-24-000047
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lear Q2 revenue record $6.0B; adjusted EPS up 8% to $3.60; acquires WIP Industrial Automation
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- Record Q2 revenue $6.0B, modest YoY increase; core operating earnings $302M flat YoY.
- Adjusted EPS $3.60 (+8% YoY); net income $173M ($3.02 GAAP EPS); free cash flow $170M.
- E-Systems eighth consecutive quarter of YoY margin improvement; Seating margin 6.2%.
- Acquired WIP Industrial Automation to strengthen automation/AI capabilities; new business wins with Geely Zeekr, Volvo, Volkswagen.
- Repurchased $60M shares, paid $44M dividends in Q2; total liquidity $3.0B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/842162/000084216224000047/0000842162-24-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/842162/000084216224000047/lear-20240725.htm
  HTML page:      https://secwatch.observer/filing/0000842162-24-000047

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