secwatch.observer — SEC 8-K summary
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Issuer:     LEAR CORP (LEA)
CIK:        0000842162
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0000842162-24-000060
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lear Q3 revenue falls 3% to $5.58B, adjusted EPS rises 1% to $2.89, free cash flow plunges 80%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/842162/000084216224000060/0000842162-24-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/842162/000084216224000060/lear-20241024.htm
  HTML page:      https://secwatch.observer/filing/0000842162-24-000060

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