Overview
Lear Q3 revenue rose 2% to $5.7 bln, beating analyst expectations
Adjusted EPS for Q3 was $2.79, exceeding analyst estimates
Lear repurchased $100 mln in shares, maintaining strategic capital allocation
Outlook
Lear sees full-year 2025 net sales between $22.85 bln and $23.15 bln
Company expects 2025 core operating earnings of $995 mln to $1,055 mln
Lear anticipates 2025 free cash flow of $475 mln to $525 mln
Result Drivers
NEW BUSINESS ADDITIONS - Revenue growth attributed to new business in both Seating and E-Systems segments, despite lower production on key platforms
INVESTMENTS IN AUTOMATION - Strategic investments in automation and digital tools driving operational excellence and margin improvement
E-SYSTEMS AWARDS - Secured $1.1 bln of E-Systems business awards year-to-date, contributing to segment performance
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Beat | $5.67 bln | $5.59 bln (10 Analysts) |
Q3 Adjusted EPS | Beat | $2.79 | $2.72 (12 Analysts) |
Q3 EPS | $2.02 | ||
Q3 Adjusted Net Income | Beat | $149.80 mln | $143.83 mln (7 Analysts) |
Q3 Net Income | $108.20 mln | ||
Q3 Core Operating Earnings | $241.10 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 10 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the auto, truck & motorcycle parts peer group is "hold."
Wall Street's median 12-month price target for Lear Corp is $115.00, about 10% above its October 30 closing price of $103.52
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago
Press Release: ID:nPnb6h7nha
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)