LEA
Lear Corporation115.51
-0.56-0.48%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
FY Q3 '25
Key Stats
Market Cap
6.15BP/E (TTM)
14.09Basic EPS (TTM)
8.20Dividend Yield
0.03%Recent Filings
10-Q
Q3 FY2025 results
Lear's Q3 sales edged up 2% y/y to $5.7B, buoyed by North American volume gains and FX tailwinds, yet Europe and Asia production dips, including a Jaguar Land Rover cyber snag, trimmed momentum. Gross margins slipped to 6.4% from 7.3%, squeezed by lower volumes and price cuts, while restructuring costs jumped to $38M from $24M; operating income fell 16% y/y to $159M (derived), and diluted EPS dropped 16% to $2.02 on 53.7M shares. Cash stood at $1.0B with $2.0B revolver availability and $2.8B long-term debt at blended 4.0% rates; free cash flow hit $246M y/y (derived from $613M OCF less $367M capex). February's StoneShield buy for automation closed with undisclosed cash terms, recognizing no new goodwill. Tariffs loom as a supply chain wildcard.
8-K
Lear's Q3 revenue up 2%
Lear Corporation reported third-quarter 2025 revenue of $5.7 billion, up 2% from last year, with core operating earnings at $241 million despite a $111 million sales hit from a JLR cyberattack. Adjusted EPS dipped to $2.79, yet free cash flow soared to $307 million, the second-highest Q3 ever. Cash flow rocketed. The company raised its full-year free cash flow midpoint to $475-525 million, backed by new awards and restructuring gains, while disruptions at key customers pose risks.
8-K
Lear extends $2B credit facility
Lear Corporation extended its $2.0 billion unsecured revolving credit facility to July 24, 2030, through a second amended and restated credit agreement signed on July 24, 2025, with JPMorgan Chase Bank as administrative agent and other major banks. Interest rates range from 0.925% to 1.450% for benchmark loans, with a 1.125% margin as of June 28, 2025, plus a facility fee of 0.075% to 0.20%. The deal imposes leverage limits and debt restrictions, yet Lear remains fully compliant. This bolsters liquidity amid market volatility.
8-K
Lear's steady Q2 results
Lear Corporation reported Q2 2025 revenue of $6.0 billion, flat year-over-year, with core operating earnings dipping to $292 million from $302 million amid lower production on key platforms. Yet strong execution in Seating and E-Systems segments delivered solid margins of 6.7% and 4.9%, respectively, while new wins with BMW, Ford, and Chinese automakers bolster the backlog. Lear restored full-year guidance to $22.5-23.1 billion in sales and $955-1,095 million in core earnings, assuming 2% production decline; it refinanced its $2 billion revolver to 2030. Share repurchases continue.
10-Q
Q2 FY2025 results
Lear Corporation's Q2 FY2025 net sales held steady at $6.0B, flat y/y despite lower production volumes on Lear platforms that cut revenue by $266M, offset by $135M from new business in Asia and North/South America plus $79M from favorable FX (derived). Gross margin dipped to 7.3% from 7.5% y/y, pressured by volumes but buoyed by operational efficiencies and restructuring benefits, while diluted EPS edged up to $3.06 from $3.02 on fewer shares (54.1M vs 57.2M diluted weighted-average). Seating revenue rose 0.6% y/y to $4.5B with margins expanding to 6.4% from 6.2%, but E-Systems slipped 0.6% to $1.6B with margins contracting to 3.5% from 4.4% amid winddowns. Cash fell to $888M from $1.1B y/y, with operating cash flow at $169M for H1 (down from $257M) and FCF of -$61M (derived from $168.5M OCF minus $229.4M capex); total debt held at $2.8B with $2.0B revolver availability and no covenant issues. Closed a non-core Seating divestiture in Q1 for $36M proceeds. Yet tariffs loom large.
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