Lear Posts Lower 1Q Earnings, Sales; Withdraws Full-Year Outlook on Tariff Environment

Dow Jones

2025/05/06

By Josee Rose

Lear's said first-quarter earnings fell due to lower production, and that it isn't backing its 2025 outlook due to the "evolving tariff environment."

The global automotive technology company, which specializes in seating, driving technology and power management, said first-quarter profit fell to $80.6 million, or $1.49 a share, from $109.6 million, or $1.90 a share, a year earlier.

Analysts polled by Factset expected earnings of $2.36 a share.

On an adjusted basis, earnings were $3.12 a share, compared with analysts' estimate of $2.69 a share.

Lear's net sales fell to $5.56 billion from $5.99 billion a year earlier. Analysts expected sales of $5.53 billion.

The company said the quarter was hurt by lower production on key platforms.

"Changes to global tariffs have created uncertainty for the automotive industry, making it difficult to forecast global production and impacting the cost structure of the global supply chain," President and CEO Ray Scott said.

Looking ahead, Lear said it intends to provide updates as visibility on industry production improves.

Write to Josée Rose at josee.rose@wsj.com

(END) Dow Jones Newswires

May 06, 2025 06:55 ET (10:55 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Analysts expected sales of $5.53 billion. \n</p>\n<p>\n  The company said the quarter was hurt by lower production on key platforms. \n</p>\n<p>\n  \"Changes to global tariffs have created uncertainty for the automotive industry, making it difficult to forecast global production and impacting the cost structure of the global supply chain,\" President and CEO Ray Scott said. \n</p>\n<p>\n  Looking ahead, Lear said it intends to provide updates as visibility on industry production improves. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Josée Rose at josee.rose@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 06, 2025 06:55 ET (10:55 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lear Posts Lower 1Q Earnings, Sales; Withdraws Full-Year Outlook on Tariff Environment</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLear Posts Lower 1Q Earnings, Sales; Withdraws Full-Year Outlook on Tariff Environment\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2025-05-06 18:55</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Josee Rose \n</p>\n<pre>\n \n</pre>\n<p>\n  Lear's said first-quarter earnings fell due to lower production, and that it isn't backing its 2025 outlook due to the \"evolving tariff environment.\" \n</p>\n<p>\n  The global automotive technology company, which specializes in seating, driving technology and power management, said first-quarter profit fell to $80.6 million, or $1.49 a share, from $109.6 million, or $1.90 a share, a year earlier. \n</p>\n<p>\n  Analysts polled by Factset expected earnings of $2.36 a share. \n</p>\n<p>\n  On an adjusted basis, earnings were $3.12 a share, compared with analysts' estimate of $2.69 a share. \n</p>\n<p>\n  Lear's net sales fell to $5.56 billion from $5.99 billion a year earlier. Analysts expected sales of $5.53 billion. \n</p>\n<p>\n  The company said the quarter was hurt by lower production on key platforms. \n</p>\n<p>\n  \"Changes to global tariffs have created uncertainty for the automotive industry, making it difficult to forecast global production and impacting the cost structure of the global supply chain,\" President and CEO Ray Scott said. \n</p>\n<p>\n  Looking ahead, Lear said it intends to provide updates as visibility on industry production improves. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Josée Rose at josee.rose@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 06, 2025 06:55 ET (10:55 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LEA","symbol_name":"李爾","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2533685568","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2533685568","pubTimestamp":1746528900,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Lear's said first-quarter earnings fell due to lower production, and that it isn't backing its 2025 outlook due to the \"evolving tariff environment.\". The global automotive technology company, which specializes in seating, driving technology and power management, said first-quarter profit fell to $80.6 million, or $1.49 a share, from $109.6 million, or $1.90 a share, a year earlier.Analysts polled by Factset expected earnings of $2.36 a share.On an adjusted basis, earnings were $3.12 a share, compared with analysts' estimate of $2.69 a share.Lear's net sales fell to $5.56 billion from $5.99 billion a year earlier. Analysts expected sales of $5.53 billion.The company said the quarter was hurt by lower production on key platforms.\"Changes to global tariffs have created uncertainty for the automotive industry, making it difficult to forecast global production and impacting the cost structure of the global supply chain,\" President and CEO Ray Scott said.Looking ahead, Lear said it intends ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"LEA":"李尔"},"translate_title":"李尔公布第一季度盈利和销售额下降；撤回关税环境全年展望","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LEA":1},"content_text":"By Josee Rose \n\n\n \n\n\n  Lear's said first-quarter earnings fell due to lower production, and that it isn't backing its 2025 outlook due to the \"evolving tariff environment.\" \n\n\n  The global automotive technology company, which specializes in seating, driving technology and power management, said first-quarter profit fell to $80.6 million, or $1.49 a share, from $109.6 million, or $1.90 a share, a year earlier. \n\n\n  Analysts polled by Factset expected earnings of $2.36 a share. \n\n\n  On an adjusted basis, earnings were $3.12 a share, compared with analysts' estimate of $2.69 a share. \n\n\n  Lear's net sales fell to $5.56 billion from $5.99 billion a year earlier. Analysts expected sales of $5.53 billion. \n\n\n  The company said the quarter was hurt by lower production on key platforms. \n\n\n  \"Changes to global tariffs have created uncertainty for the automotive industry, making it difficult to forecast global production and impacting the cost structure of the global supply chain,\" President and CEO Ray Scott said. \n\n\n  Looking ahead, Lear said it intends to provide updates as visibility on industry production improves. \n\n\n \n\n\n  Write to Josée Rose at josee.rose@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 06, 2025 06:55 ET (10:55 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}