Lear Reports Second Quarter 2025 Results

Rhea-AI Summary

Lear Corporation (NYSE: LEA), a global automotive technology leader, reported its Q2 2025 financial results. The company delivered revenue of $6.0 billion, flat compared to Q2 2024. Net income was $165 million ($3.06 per share), down from $173 million in Q2 2024, while adjusted earnings were $3.47 per share.

The company demonstrated strong operational performance with margin improvements in both segments: ≈45 basis points in Seating and ≈70 basis points in E-Systems. Lear restored its full-year guidance, expecting revenue between $22,470-$23,070 million and core operating earnings of $955-$1,095 million. The company maintained shareholder returns through $25 million in share repurchases and $41 million in dividends.

Notable achievements include refinancing a $2 billion revolver through July 2030, winning conquest programs with BMW and Ford, and securing new business with Chinese EV makers.

Positive

• Strong operational performance with margin improvements in both Seating (≈45 bps) and E-Systems (≈70 bps)
• Secured multiple conquest awards including complete seat program with BMW and wire business with global EV automaker
• Successfully refinanced $2 billion revolver, extending maturity to 2030
• Maintained strong liquidity position with $888 million cash and total liquidity of $2.9 billion
• Increased total company full year net performance by ≈$25 million

Negative

• Net income decreased to $165.2 million from $173.1 million year-over-year
• Core operating earnings declined to $292 million (4.8% of sales) from $302 million (5.0% of sales)
• Global vehicle production expected to be 2% lower than 2024 on a Lear sales-weighted basis
• Sales decreased 1% excluding impact of commodities, foreign exchange, and other factors

Insights

Financial Analyst

Lear's Q2 2025 shows operational resilience with stable margins despite flat revenue; guidance reinstated despite industry headwinds.

Lear Corporation delivered $6.0 billion in Q2 2025 revenue, flat year-over-year despite challenging industry dynamics. The company generated $165.2 million in net income ($3.06 EPS) compared to $173.1 million ($3.02 EPS) in Q2 2024, showing modest profit stability despite headwinds.

Examining operational metrics reveals the company's underlying strength. Core operating earnings reached $291.8 million (4.8% margin) versus $302 million (5.0%) last year. This slight margin compression reflects lower production volumes on key platforms, partially offset by strong operational performance. Notably, Lear achieved impressive margin improvements of ≈45 basis points in Seating and ≈70 basis points in E-Systems through operational excellence initiatives.

The free cash flow of $171 million (up from $170 million last year) demonstrates Lear's consistent cash generation capabilities. This robust cash position enabled $25 million in share repurchases and $41 million in dividends during the quarter, continuing their capital return strategy that has reduced outstanding shares by approximately 57% since 2011.

Lear's reinstated 2025 guidance projects revenue of $22.47-$23.07 billion and core operating earnings of $955-$1,095 million. The outlook assumes a 2% lower global industry production compared to 2024 on a Lear sales-weighted basis, indicating management's ability to navigate volume challenges through operational improvements. The company increased its full-year net performance target by ≈$25 million while offsetting margin dilution from tariff recoveries.

New business wins, including conquest programs with BMW, Ford, and global EV automakers, provide visibility into future revenue streams. These wins, combined with the extended partnership with Palantir Technologies for enhanced IDEA capabilities, position Lear to strengthen its competitive edge in automotive technology integration.

SOUTHFIELD, Mich., July 25, 2025 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today reported results for the second quarter 2025.

Second Quarter 2025 Highlights

• Delivered revenue of $6.0 billion in the second quarter, in line with $6.0 billion in the second quarter of 2024
• Net income of $165 million and adjusted net income of $188 million, compared to $173 million and $206 million, respectively, in the second quarter of 2024
• Core operating earnings of $292 million, compared to $302 million in the second quarter of 2024
• Earnings per share of $3.06 and adjusted earnings per share of $3.47, compared to $3.02 and $3.60, respectively, in the second quarter of 2024
• Net cash provided by operating activities of $296 million and free cash flow of $171 million, compared to $291 million and $170 million, respectively, in the second quarter of 2024
• Cash and cash equivalents of $888 million and total liquidity of $2.9 billion at quarter end
• Delivered strong operating performance in both segments, generating ≈45 basis points in Seating and ≈70 basis points in E-Systems
• Restoring full year guidance with expectation for revenue of $22,470 to $23,070 million and core operating earnings of $955 to $1,095 million
• Increasing total company full year net performance by ≈$25 million, while offsetting the dilutive effect on margins from tariff recoveries
• Refinanced our $2 billion revolver, extending its maturity through July 2030
• Repurchased $25 million of shares and paid $41 million in dividends
• Extended agreement with Palantir Technologies to continue enhancing IDEA capabilities
• Awarded a conquest complete seat program in Asia with BMW and two conquest awards for seat components with Ford
• Awarded conquest wire business with a global EV automaker for two key programs launching in late 2025
• One ComfortMax Seat^TM and two ComfortFlex^TM awards, including key programs with a luxury EV automaker, combining heat, ventilation, and pneumatic lumbar and massage
• Awarded complete seat programs with key Chinese domestic automakers: conquest business with FAW and new business with Leapmotor and XPeng

"Lear continued its momentum from the start of the year through the second quarter, with strong operating performance driving solid margins in both business segments," said Ray Scott, Lear's President and CEO. "Our investments in automation and restructuring will extend our industry leadership in operational excellence and drive sustainable margin improvement that will allow us to continue returning capital to shareholders through share repurchases and dividends."

Second Quarter Financial Results (in millions, except per share amounts)
	2025		2024
Reported
Sales	$6,030.4		$6,012.4
Net income	$165.2		$173.1
Earnings per share	$3.06		$3.02
Adjusted(1)
Core operating earnings	$291.8		$302.0
Adjusted net income	$187.8		$205.8
Adjusted earnings per share	$3.47		$3.60

In the second quarter, global vehicle production was up 3% compared to a year ago, with North America down 3%, Europe down 2% and China up 9%. Global vehicle production was flat on a Lear sales-weighted basis⁽²⁾.

Sales in the second quarter were $6.0 billion, flat year-over-year. Excluding the impact of commodities, foreign exchange, tariff recoveries, and acquisitions and divestitures, sales were down 1%, reflecting lower production on key Lear platforms, partially offset by the addition of new business in both of our business segments.

Core operating earnings were $292 million, or 4.8% of sales, as compared to $302 million, or 5.0% of sales, in 2024. Earnings were impacted by lower production on key Lear platforms, offset by positive operating performance and the addition of new business. Net income was $165 million, as compared to $173 million in 2024.

In the Seating segment, margins and adjusted margins were 6.4% and 6.7% of sales, respectively. In the E-Systems segment, margins and adjusted margins were 3.5% and 4.9% of sales, respectively. 

Earnings per share were $3.06 and adjusted earnings per share were $3.47, as compared to $3.02 and $3.60, respectively, a year ago.

In the second quarter of 2025, net cash from operating activities was $296 million, and free cash flow⁽¹⁾ was $171 million.

⁽¹⁾ For more information regarding our non-GAAP financial measures, see "Non-GAAP Financial Information" below.

⁽²⁾ The global and regional production changes are based on S&P Global estimates. The production change on a Lear sales-weighted basis is calculated using Lear's prior year regional sales mix and second quarter fiscal calendar. Management believes this provides a more meaningful comparison of the Company's global revenue growth relative to global vehicle production.

Share Repurchase Program
During the second quarter of 2025, Lear repurchased 271,117 shares of our common stock for a total of $25 million. At the end of the second quarter, we had a remaining share repurchase authorization of approximately $1.0 billion, which reflects approximately 18% of our total market capitalization at current market prices.

Since initiating the share repurchase program in 2011, we have repurchased 59.6 million shares of our common stock for a total of $5.6 billion at an average price of $94.53 per share. This represents a reduction of approximately 57% of our shares outstanding since the time we began the program.

2025 Financial Outlook
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 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.

	Full Year 2025 Financial Outlook
Net Sales	$22,470 million - $23,070 million
Core Operating Earnings	$955 million - $1,095 million
Adjusted EBITDA	$1,570 million - $1,710 million
Restructuring Costs	≈$215 million
Operating Cash Flow	$1,010 million - $1,110 million
Capital Spending	≈$590 million
Free Cash Flow	$420 million - $520 million

The financial outlook is based on a full year average exchange rate of $1.11/Euro and 7.23 RMB/$.

Certain of the forward-looking financial measures above are provided on a non-GAAP basis. The Company does not provide a reconciliation of such forward-looking measures to the most directly comparable financial measures calculated and presented in accordance with GAAP because to do so would be potentially misleading and not practical given the difficulty of projecting event-driven transactional and other non-core operating items in any future period. The magnitude of these items, however, may be significant.

Second Quarter 2025 Conference Call and Webcast Information
A conference call and webcast will be held to discuss Lear's second quarter 2025 financial results and related matters on July 25, 2025, at 9:00 a.m. EDT. The webcast link for the conference call will be available through Lear's investor relations webpage at ir.lear.com. In addition, the conference call can be accessed by dialing 1-877-883-0383 (domestic) or 1-412-902-6506 (international) with Conference I.D. 9523449. The webcast replay will be available two hours following the call.

Non-GAAP Financial Information
In addition to the results reported in accordance with accounting principles generally accepted in the United States (GAAP) included throughout this press release, the Company has provided information regarding "pretax income before equity income, interest, other expense, restructuring costs and other special items" (core operating earnings or adjusted segment earnings), "pretax income before equity income, interest, other expense, depreciation expense, amortization of intangible assets, restructuring costs and other special items" (adjusted EBITDA), "adjusted net income attributable to Lear" (adjusted net income), "adjusted diluted net income per share attributable to Lear" (adjusted earnings per share) and "free cash flow" (each, a non-GAAP financial measure). Other expense includes, among other things, non-income related taxes, foreign exchange gains and losses, gains and losses related to certain derivative instruments and hedging activities, gains and losses on certain disposals of fixed assets and the non-service cost components of net periodic benefit cost. Adjusted net income and adjusted earnings per share represent net income attributable to Lear and diluted net income per share attributable to Lear, respectively, adjusted for restructuring costs and other special items, including the tax effect thereon. Free cash flow represents net cash provided by operating activities, less capital expenditures. 

Management believes the non-GAAP financial measures used in this press release are useful to both management and investors in their analysis of the Company's financial position and results of operations. In particular, management believes that core operating earnings, adjusted EBITDA, adjusted net income and adjusted earnings per share are useful measures in assessing the Company's financial performance by excluding certain items that are not indicative of the Company's core operating performance or that may obscure trends useful in evaluating the Company's continuing operating activities. Management also believes that these measures provide improved comparability between fiscal periods. Management believes that free cash flow is useful to both management and investors in their analysis of the Company's ability to service and repay its debt. Further, management uses these non-GAAP financial measures for planning and forecasting future periods.

Core operating earnings, adjusted EBITDA, adjusted net income, adjusted earnings per share and free cash flow should not be considered in isolation or as a substitute for net income attributable to Lear, diluted net income per share attributable to Lear, cash provided by operating activities or other income statement or cash flow statement data prepared in accordance with GAAP or as a measure of profitability or liquidity. In addition, the calculation of free cash flow does not reflect cash used to service debt and, therefore, does not reflect funds available for investment or other discretionary uses. Also, these non-GAAP financial measures, as determined and presented by the Company, may not be comparable to related or similarly titled measures reported by other companies. Set forth below are reconciliations of these non-GAAP financial measures to the most directly comparable financial measures calculated and presented in accordance with GAAP.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding anticipated financial results and liquidity. The words "will," "may," "designed to," "outlook," "believes," "should," "anticipates," "plans," "expects," "intends," "estimates," "forecasts" and similar expressions identify certain of these forward-looking statements. The Company also may provide forward-looking statements in oral statements or other written materials released to the public. All statements contained or incorporated in this press release or in any other public statements that address operating performance, events or developments that the Company expects or anticipates may occur in the future are forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements are discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, its Quarterly Report on Form 10-Q for the quarter ended March 29, 2025, and its other Securities and Exchange Commission filings. Future operating results will be based on various factors, including actual industry production volumes, supply chain disruptions, labor disruptions, commodity prices, changes in foreign exchange rates, the impact of, and our ability to mitigate the effects of, international trade policies, including trade policies such as tariffs and any changes to such tariffs, the impact of restructuring actions and the Company's success in implementing its operating strategy.

Information in this press release relies on assumptions in the Company's core sales backlog. The Company's core sales backlog reflects anticipated net sales from formally awarded new programs less lost and discontinued programs and excludes the impact of non-core products winding down in our E-Systems business. The Company enters into contracts with its customers to provide production parts generally at the beginning of a vehicle's life cycle. Typically, these contracts do not provide for a specified quantity of production, and many of these contracts may be terminated by the Company's customers at any time. Therefore, these contracts do not represent firm orders. Further, the calculation of the core sales backlog does not reflect customer price reductions on existing or newly awarded programs. The core sales backlog may be impacted by various assumptions embedded in the calculation, including vehicle production levels on new programs, foreign exchange rates and the timing of major program launches.

The forward-looking statements in this press release are made as of the date hereof, and the Company does not assume any obligation to update, amend or clarify them to reflect events, new information or circumstances occurring after the date hereof.

About Lear Corporation
Lear Corporation (NYSE: LEA) is a global automotive leader in Seating and E-Systems. The company designs, manufactures, and delivers advanced technologies to the world's major automakers. Building on more than 100 years of heritage, Lear is the largest U.S.-based automotive supplier, headquartered in Southfield, Michigan. Driven by a commitment to innovation, operational excellence, and sustainability, Lear's global team of talented employees is shaping the future of mobility by developing solutions that enhance comfort, safety, and efficiency. More information is available at Lear.com.

 

Lear Corporation and Subsidiaries Condensed Consolidated Statements of Income (Unaudited; in millions, except per share amounts)
		Three Months Ended
		June 28, 2025		June 29, 2024
Net sales		$          6,030.4		$          6,012.4
Cost of sales		5,591.3		5,563.6
Selling, general and administrative expenses		186.3		175.3
Amortization of intangible assets		4.7		12.7
Interest expense		25.4		26.9
Other expense, net		5.2		7.4
Consolidated income before income taxes and equity in net income of affiliates		217.5		226.5
Income taxes		41.6		46.2
Equity in net income of affiliates		(16.0)		(14.1)
Consolidated net income		191.9		194.4
Net income attributable to noncontrolling interests		26.7		21.3
Net income attributable to Lear		$             165.2		$             173.1
Diluted net income per share attributable to Lear		$              3.06		$              3.02
Weighted average number of diluted shares outstanding		54.1		57.2

 

Lear Corporation and Subsidiaries Condensed Consolidated Statements of Income (Unaudited; in millions, except per share amounts)
		Six Months Ended
		June 28, 2025		June 29, 2024
Net sales		$        11,590.7		$        12,007.0
Cost of sales		10,792.4		11,160.1
Selling, general and administrative expenses		358.7		361.8
Amortization of intangible assets		9.9		27.8
Interest expense		51.2		53.0
Other expense, net		25.6		20.9
Consolidated income before income taxes and equity in net income of affiliates		352.9		383.4
Income taxes		86.8		86.7
Equity in net income of affiliates		(28.3)		(24.6)
Consolidated net income		294.4		321.3
Net income attributable to noncontrolling interests		48.5		38.6
Net income attributable to Lear		$             245.9		$             282.7
Diluted net income per share available to Lear common stockholders		$              4.54		$              4.92
Weighted average number of diluted shares outstanding		54.1		57.4

 

Lear Corporation and Subsidiaries Condensed Consolidated Balance Sheets (In millions)
		June 28, 2025		December 31, 2024
		(Unaudited)		(Audited)
ASSETS
Current:
Cash and cash equivalents		$             887.9		$          1,052.9
Accounts receivable		4,532.8		3,589.3
Inventories		1,684.0		1,601.1
Other		1,110.7		940.8
		8,215.4		7,184.1
Long-Term:
PP&E, net		2,918.8		2,833.4
Goodwill		1,761.1		1,699.2
Other		2,426.8		2,310.8
		7,106.7		6,843.4
Total Assets		$        15,322.1		$        14,027.5
LIABILITIES AND EQUITY
Current:
Short-term borrowings		$              27.2		$              26.7
Accounts payable and drafts		3,748.9		3,250.5
Accrued liabilities		2,342.5		2,167.6
Current portion of long-term debt		3.6		2.2
		6,122.2		5,447.0
Long-Term:
Long-term debt		2,760.6		2,733.3
Other		1,228.6		1,246.2
		3,989.2		3,979.5
Equity		5,210.7		4,601.0
Total Liabilities and Equity		$        15,322.1		$        14,027.5

 

Lear Corporation and Subsidiaries Consolidated Supplemental Data (Unaudited; in millions, except content per vehicle and per share amounts)
		Three Months Ended
		June 28, 2025		June 29, 2024
Net Sales
North America		$          2,519.3		$          2,552.5
Europe and Africa		2,163.2		2,171.6
Asia		1,144.6		1,074.4
South America		203.3		213.9
Total		$          6,030.4		$          6,012.4
Content per Vehicle 1
North America		$               634		$               623
Europe and Africa		$               480		$               472
Free Cash Flow 2
Net cash used in operating activities		$             296.2		$             291.2
Capital expenditures		(125.4)		(120.8)
Free cash flow		$             170.8		$             170.4
Core Operating Earnings 2
Net income attributable to Lear		$             165.2		$             173.1
Interest expense		25.4		26.9
Other expense, net		5.2		7.4
Income taxes		41.6		46.2
Equity in net income of affiliates		(16.0)		(14.1)
Net income attributable to noncontrolling interests		26.7		21.3
Restructuring costs and other special items -
Costs related to restructuring actions		33.9		33.7
Acquisition costs		—		0.4
Impairments (recoveries) related to Fisker Inc., net		(0.5)		0.3
Recoveries related to Russian operations, net of costs		(0.1)		(0.3)
Other		10.4		7.1
Core operating earnings		$             291.8		$             302.0

 

Lear Corporation and Subsidiaries Consolidated Supplemental Data (continued) (Unaudited; in millions, except content per vehicle and per share amounts)
		Three Months Ended
		June 28, 2025		June 29, 2024
Adjusted Net Income and Adjusted Earnings Per Share 2
Net income attributable to Lear		$             165.2		$             173.1
Restructuring costs and other special items -
Costs related to restructuring actions		32.1		32.1
Acquisition costs		—		0.4
Term loan refinancing		0.5		—
Impairments (recoveries) related to Fisker Inc., net		(0.5)		0.3
Recoveries related to Russian operations, net of costs		(0.1)		(0.3)
Foreign exchange losses due to foreign exchange rate volatility related to Russia		—		1.0
Other		6.2		9.6
Tax impact of special items and other net tax adjustments 3		(15.6)		(10.4)
Adjusted net income		$             187.8		$             205.8
Weighted average number of diluted shares outstanding		54.1		57.2
Diluted net income per share available to Lear		$              3.06		$              3.02
Adjusted earnings per share		$              3.47		$              3.60

 

Lear Corporation and Subsidiaries Consolidated Supplemental Data (continued) (Unaudited; in millions, except content per vehicle and per share amounts)
		Six Months Ended
		June 28, 2025		June 29, 2024
Net Sales
North America		$          4,768.1		$          5,028.4
Europe and Africa		4,225.3		4,425.4
Asia		2,216.2		2,134.1
South America		381.1		419.1
Total		$        11,590.7		$        12,007.0
Content per Vehicle 1
North America		$               622		$               623
Europe and Africa		$               473		$               474
Free Cash Flow 2
Net cash provided by operating activities		$             168.5		$             256.6
Capital expenditures		(229.4)		(234.4)
Free cash flow		$             (60.9)		$              22.2
Core Operating Earnings 2
Net income attributable to Lear		$             245.9		$             282.7
Interest expense		51.2		53.0
Other expense, net		25.6		20.9
Income taxes		86.8		86.7
Equity in net income of affiliates		(28.3)		(24.6)
Net income attributable to noncontrolling interests		48.5		38.6
Restructuring costs and other special items -
Costs related to restructuring actions		121.3		88.0
Acquisition costs		0.1		0.5
Disposal costs		0.6		—
Impairments (recoveries) related to Fisker Inc., net		(0.9)		14.8
Impairments (recoveries) related to Russian operations, net		(1.5)		1.1
Other		12.9		20.1
Core operating earnings		$             562.2		$             581.8

 

Lear Corporation and Subsidiaries Consolidated Supplemental Data (continued) (Unaudited; in millions, except content per vehicle and per share amounts)
		Six Months Ended
		June 28, 2025		June 29, 2024
Adjusted Net Income Attributable to Lear 2
Net income attributable to Lear		$             245.9		$             282.7
Restructuring costs and other special items -
Costs related to restructuring actions		119.8		86.4
Acquisition costs		0.1		0.5
Loss on disposal of non-core business		3.3		—
Disposal costs		0.6		—
Term loan refinancing		0.5		—
Impairments (recoveries) related to Fisker Inc., net		(0.9)		14.8
Impairments (recoveries) related to Russian operations, net		(1.5)		1.1
Foreign exchange losses due to foreign exchange rate volatility related to Russia		2.9		1.0
Loss related to affiliate		—		2.2
Other		10.6		23.4
Tax impact of special items and other net tax adjustments 3		(24.2)		(23.1)
Adjusted net income attributable to Lear		$             357.1		$             389.0
Weighted average number of diluted shares outstanding		54.1		57.4
Diluted net income per share available to Lear common stockholders		$              4.54		$              4.92
Adjusted earnings per share		$              6.60		$              6.78
Diluted Shares Outstanding at End of Period 4		53,841,222		56,928,966
1 Content per Vehicle for 2024 has been updated to reflect actual production levels.
2 See "Non-GAAP Financial Information" included in this press release.
3 Represents the tax effect of restructuring costs and other special items, as well as several discrete tax items. The identification of these tax items is judgmental in nature, and their calculation is based on various assumptions and estimates.
4 Calculated using stock price at end of quarter.

 

Lear Corporation and Subsidiaries Segment Supplemental Data (Unaudited; in millions, except margins)
		Three Months Ended
		June 28, 2025		June 29, 2024
Adjusted Segment Earnings
Seating
Net sales		$       4,473.9		$       4,447.0
Segment earnings		$          284.5		$          276.0
Restructuring costs and other special items -
Costs related to restructuring actions		14.1		22.9
Recoveries related to Russian operations, net of costs		(0.1)		(0.3)
Other		0.4		3.5
Adjusted segment earnings		$          298.9		$          302.1
Segment margins		6.4 %		6.2 %
Adjusted segment margins		6.7 %		6.8 %
E-Systems
Net sales		$       1,556.5		$       1,565.4
Segment earnings		$           55.2		$           69.5
Restructuring and other special items -
Costs related to restructuring actions		18.1		10.0
Impairments (recoveries) related to Fisker Inc., net		(0.5)		0.3
Other		3.0		2.4
Adjusted segment earnings		$           75.8		$           82.2
Segment margins		3.5 %		4.4 %
Adjusted segment margins		4.9 %		5.3 %

 

Lear Corporation and Subsidiaries Segment Supplemental Data (continued) (Unaudited; in millions, except margins)
		Six Months Ended
		June 28, 2025		June 29, 2024
Adjusted Segment Earnings
Seating
Net sales		$       8,625.0		$       8,924.6
Segment earnings		$          500.2		$          517.6
Costs related to restructuring actions		78.6		66.6
Impairments related to Fisker Inc.		—		2.3
Impairments (recoveries) related to Russian operations, net		(1.5)		1.1
Other		1.5		9.4
Adjusted segment earnings		$          578.8		$          597.0
Segment margins		5.8 %		5.8 %
Adjusted segment margins		6.7 %		6.7 %
E-Systems
Net sales		$       2,965.7		$       3,082.4
Segment earnings		$          110.7		$          123.6
Costs related to restructuring actions		34.9		18.8
Impairments (recoveries) related to Fisker Inc., net		(0.9)		12.5
Other		4.9		4.4
Adjusted segment earnings		$          149.6		$          159.3
Segment margins		3.7 %		4.0 %
Adjusted segment margins		5.0 %		5.2 %

 

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SOURCE Lear Corporation

FAQ

What were Lear's (LEA) key financial results for Q2 2025?

Lear reported revenue of $6.0 billion, net income of $165.2 million, and adjusted earnings per share of $3.47. The company generated free cash flow of $171 million.

What is Lear's (LEA) full-year 2025 financial guidance?

Lear expects net sales of $22,470-$23,070 million, core operating earnings of $955-$1,095 million, and free cash flow of $420-$520 million.

How much did Lear (LEA) return to shareholders in Q2 2025?

Lear returned capital to shareholders through $25 million in share repurchases (271,117 shares) and $41 million in dividends.

What new business awards did Lear (LEA) secure in Q2 2025?

Lear won conquest seat programs with BMW, seat component awards with Ford, wire business with a global EV automaker, and complete seat programs with Chinese automakers FAW, Leapmotor, and XPeng.

What is Lear's (LEA) current share repurchase authorization?

Lear has a remaining share repurchase authorization of approximately $1.0 billion, representing about 18% of total market capitalization at current prices.