Lear Corporation


SKU: LEA Category:


Lear Corporation:  Industrial Automation,  Modular Designs and Manufacturing & Other Major Drivers


Lear Corporation’s record-setting first quarter revenues of $6 billion show an increase of 3%. Core operating earnings were up 6% at $280 million, while adjusted earnings per share rose 14% to $3.18. Operating cash flow matched that of the same period the previous year. The company’s sales outperformed industry production, driven mainly by a 10-point surge in E-Systems. The Seating and E-Systems segments benefitted from higher volume on the Land Rover Suite of products, while Lear’s Seating segment won its first complete seat program with FAW Toyota. E[1]Systems’ second wiring award with BMW demonstrated the strength of their customer relationships.General Motors named Lear as Supplier of the Year for the seventh year running, demonstrating the company’s leadership in innovation and technology. The board has authorized an increase and extension to the company’s share repurchase program, now worth $1.5 billion through to the end of 2026. However, the company is grappling with challenges relating to wage inflation, geopolitical risk, uncertainty around the pace of the transition to electric vehicles, and the introduction of artificial intelligence. Despite these, Lear remains confident in its ability to adapt and position itself for growth and margin expansion.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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