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Lear restores FY25 revenue view $22.47B-$23.07B, consensus $22.67B

Restores FY25 adjusted EBITDA view $1.57B-$1.71B. Sees FY25 capital spending $590M. Sees FY25 free cash flow $420M-$520M. The company said, “We are restoring full year 2025 financial guidance. Below is our updated outlook. At the midpoint of our guidance range, we have assumed that global industry production will be 2% lower than in 2024 on a Lear (LEA) sales-weighted basis, consistent with our prior guidance. The industry volume assumptions underlying Lear’s 2025 financial outlook are derived from several sources, including internal estimates, customer production schedules and the most recent S&P Global Mobility production estimates for Lear’s vehicle platforms. We have updated our foreign exchange rate assumptions to better reflect the weakening U.S. dollar. Contractual agreements allowed us to recover substantially all of the costs associated with new tariffs incurred in the first half of the year. Our full year financial outlook assumes the continuation of these recovery agreements through the second half of the year.”

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