Oct 30, 7:15 AM ET
Lear reported third-quarter 2026 results with revenue of $5.8 billion, up 2%, and net income of $137 million, up 26%, with earnings per share of $2.74 versus $2.02 a year earlier. The company adjusted its full-year 2026 outlook for net sales to reflect changing production schedules, while maintaining its core operating earnings guidance of $1,080 million to $1,200 million.
- Q3 2026 revenue of $5.8 billion, up 2% from $5.7 billion; net income of $137 million; EPS of $2.74 vs. $2.02
- Core operating earnings of $256 million, up 6%; free cash flow of $158 million vs. $307 million a year earlier
- 2026 net sales outlook set at $23,350 million to $23,750 million; core operating earnings outlook maintained at $1,080 million to $1,200 million
- Repurchased $175 million of shares in Q3; share repurchase authorization expanded to $1.5 billion, extended through December 31, 2029
Read the filing on SEC.gov ↗
Oct 19, 4:31 PM ET
Lear Corporation said CFO Jason Cardew will resign effective February 28, 2027, and retire December 31, 2027, with Jared Fedele, currently Vice President of Finance for Seating and E-Systems, taking over as Senior Vice President and Chief Financial Officer on March 1, 2027. The planned succession with a long internal candidate and an advisory period for Cardew gives shareholders a defined transition, though the filing reports no financial results or guidance changes.
- Fedele, age 45, joined Lear in July 2003 and becomes CFO effective March 1, 2027
- Fedele receives an initial annual base salary of $750,000 and is eligible for the Annual Incentive Plan and LTSIP
- Cardew resigns as CFO effective February 28, 2027, then serves as a consultant at $22,000 per month through December 31, 2027
- Fedele's severance is two times base salary plus target bonus, plus 24 months of health coverage, if terminated without cause or for good reason
Read the filing on SEC.gov ↗
Jul 31, 7:00 AM ET
Lear reported second-quarter 2026 sales of $6.2 billion, up 3%, and net income attributable to Lear of $193 million, up from $165 million a year earlier. The company also raised the midpoints of its full-year 2026 outlook and narrowed most ranges, which points to higher expected earnings and cash flow for shareholders.
- Q2 2026 diluted EPS was $3.79 versus $3.06; adjusted EPS was $4.28 versus $3.47 in Q2 2025.
- Core operating earnings were $313 million, up 7% from $292 million, and free cash flow was $288 million versus $171 million.
- Full-year 2026 outlook: net sales of $23.54 billion to $24.01 billion and core operating earnings of $1.08 billion to $1.20 billion.
- Lear repurchased $100 million of shares in the quarter and had about $600 million of authorization remaining at quarter-end.
Read the filing on SEC.gov ↗
May 1, 7:00 AM ET
Lear reported first quarter 2026 sales of $5.8 billion, up 5% from a year earlier, and net income attributable to Lear of $172 million, up from $81 million. Adjusted earnings per share were $3.87, up 24% from $3.12, and the company reaffirmed its full-year 2026 financial outlook across all metrics.
- Sales of $5.8 billion, up 5% from $5.6 billion; organic sales up 3%
- Earnings per share of $3.34 vs. $1.49; adjusted EPS of $3.87 vs. $3.12
- Free cash flow was $(27) million vs. $(232) million a year earlier; $75 million of shares repurchased in the quarter
- 2026 outlook maintained, including net sales of $23,210 million to $24,010 million and core operating earnings of $1,030 million to $1,200 million
Read the filing on SEC.gov ↗
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