Lear Corp. ( (LEA) ) has released its Q1 earnings. Here is a breakdown of the information Lear Corp. presented to its investors.
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Lear Corporation, a global leader in automotive technology specializing in Seating and E-Systems, is known for its commitment to innovation and operational excellence, serving major automakers worldwide. In the first quarter of 2025, Lear Corporation reported a revenue of $5.6 billion, a decrease from $6.0 billion in the same period of 2024, alongside a net income of $81 million. Despite the revenue drop, the company achieved improved operating margins in both its Seating and E-Systems segments, attributed to efficiency improvements and restructuring efforts. Key financial metrics showed a slight decline, with earnings per share at $1.49 compared to $1.90 in the previous year, and adjusted earnings per share at $3.12. The company also reported a free cash flow of negative $232 million, impacted by timing of customer receipts and restructuring costs. Lear Corporation’s strategic moves included gaining control of a joint venture in China and securing significant new business awards, such as ComfortFlex programs with Volvo and Hyundai, and a wire business with Ford and BMW. Looking ahead, Lear Corporation remains focused on managing near-term challenges while continuing to invest in automation and restructuring to enhance margins and maintain its leadership in operational excellence.