Lear reports Q4 adjusted EPS $2.94, consensus $2.58

Reports Q4 revenue $5.71B, consensus $5.53B. “Lear (LEA) delivered solid results in 2024 despite continuing macroeconomic and industry headwinds, with both segments outgrowing the market. Strong cash flow generation enabled us to return $574 million of cash through share repurchases and dividends. Margins in E-Systems improved for the second consecutive year, and investments in automation through IDEA by Lear and footprint optimization will improve margins in both segments,” said Ray Scott, Lear’s president and CEO. “In Seating, we are expanding our market share by growing with all customers, particularly the Chinese domestic automakers while our innovative solutions are reducing cost and complexity. We launched the industry’s first ComfortFlexTM module, combining heat, ventilation and massage, and validated the first ComfortMax SeatTM. Our relentless focus on the factors we can control sets Lear up for long-term growth and margin expansion that will allow us to continue to return capital to our shareholders.”