secwatch.observer — SEC 8-K summary
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Issuer:     LEAR CORP (LEA)
CIK:        0000842162
Form:       8-K
Filed at:   2025-05-06T23:59:59+00:00
Accession:  0000842162-25-000040
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lear Q1 revenue falls 7% to $5.6B; net income drops to $80.7M from $109.6M
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- Revenue $5.56B, down 7% YoY; core operating earnings $270.4M (4.9% of sales) vs $279.8M (4.7%).
- Net income $80.7M ($1.49 EPS); adjusted net income $169.3M ($3.12 adj EPS) vs $183.2M ($3.18).
- Free cash flow -$232M vs -$148M; operating cash flow -$128M due to timing and restructuring costs.
- Seating margins improved ~125 bps, E-Systems ~155 bps; segment adjusted margins 6.7% and 5.2%.
- New business: BYD JV operational control in China, ComfortFlex awards with Volvo/Hyundai, Ford/BMW wire awards.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/842162/000084216225000040/0000842162-25-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/842162/000084216225000040/lear-20250506.htm
  HTML page:      https://secwatch.observer/filing/0000842162-25-000040

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