earnings
confidence medium
sentiment neutral
materiality 0.65
Lear Q3 revenue falls 3% to $5.58B, adjusted EPS rises 1% to $2.89, free cash flow plunges 80%
LEAR CORP
2024-Q3 EPS reported
$7.33
revenue$17,591,400,000
- Net income $135.8M ($2.41 EPS) vs $132.9M ($2.25) a year ago; adjusted EPS $2.89 vs $2.87.
- Revenue $5.58B vs $5.78B, outperforming industry by 3 percentage points globally.
- Core operating earnings $256.6M vs $267.1M; margins flat at 4.6%.
- Free cash flow $51M vs $251M YoY, reflecting higher capex and working capital.
- Repurchased $209M of shares and paid $43M in dividends during Q3.