Every material Form 8-K Lear has filed with the SEC since February 06, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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
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
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.
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
Lear reported fourth quarter and full year 2025 results and issued its 2026 financial outlook. Fourth quarter sales rose 5% to $6.0 billion, but reported net income and earnings per share fell from a year earlier, and full year reported net income dropped to $437 million from $507 million. For shareholders, the filing sets 2026 targets, including core operating earnings of $1,030 million to $1,200 million and free cash flow of $550 million to $650 million.
Q4 2025 sales were $6.0 billion, up from $5.7 billion; net income was $83 million versus $88 million, and EPS was $1.58 versus $1.61.
Full year 2025 sales were $23.3 billion, flat year over year; reported EPS was $8.15 versus $8.97, while adjusted EPS rose to $12.80 from $12.62.
2026 outlook: net sales of $23,210 million to $24,010 million, core operating earnings of $1,030 million to $1,200 million, and free cash flow of $550 million to $650 million.
Lear repurchased $325 million of shares in 2025 and had about $775 million of share repurchase authorization remaining at the end of Q4.
Lear reported third-quarter 2025 sales of $5.7 billion, up 2% from a year earlier, while net income fell to $108 million from $136 million and diluted EPS fell to $2.02 from $2.41. The company raised the midpoint of its full-year free cash flow outlook, now $475 million to $525 million, but said significant lost production at a key customer prevented it from raising its revenue and operating income outlook.
Sales were $5.7 billion ($5,679.8 million), up 2% from $5.6 billion; excluding commodities, foreign exchange, tariff recoveries and acquisitions and divestitures, sales fell 1%.
Net income was $108 million vs. $136 million a year earlier; adjusted EPS was $2.79 vs. $2.89.
Free cash flow was $307 million vs. $51 million in the third quarter of 2024; full-year 2025 free cash flow outlook is $475 million to $525 million.
Lear repurchased $100 million of its shares during the quarter.
Lear Corporation entered into a second amended and restated credit agreement on July 24, 2025, extending the maturity of its $2.0 billion unsecured revolving credit facility to July 24, 2030. The company said it was in compliance with all covenants as of July 24, 2025, and the filing describes a facility fee of 0.075% to 0.20% of the total committed amount, payable quarterly.
Revolving credit facility of $2.0 billion extended to July 24, 2030
Advances bear interest based on Term Benchmark, Central Bank Rate or RFR, with rates of 1.125% for these loans as of June 28, 2025, and ABR/Canadian Prime Rate loans at 0.125%
Facility fee ranges from 0.075% to 0.20% of the total committed amount, payable quarterly
JPMorgan Chase Bank, N.A. serves as administrative agent
Lear reported second-quarter 2025 sales of $6.0 billion, flat from a year earlier, and net income attributable to Lear of $165 million, down from $173 million. The company also restored full-year 2025 guidance with net sales of $22,470 million to $23,070 million and core operating earnings of $955 million to $1,095 million. Shareholders see mixed results: reported EPS rose to $3.06 from $3.02, but adjusted EPS fell to $3.47 from $3.60.
Q2 2025 net sales were $6,030.4 million versus $6,012.4 million in Q2 2024
Net income attributable to Lear was $165.2 million versus $173.1 million; diluted EPS was $3.06 versus $3.02
Adjusted EPS was $3.47 versus $3.60; core operating earnings were $291.8 million versus $302.0 million
Full-year 2025 outlook: net sales $22,470 million to $23,070 million; free cash flow $420 million to $520 million
Lear reported first-quarter 2025 sales of $5.6 billion, down from $6.0 billion a year earlier, and net income attributable to Lear of $81 million, down from $110 million. The company is not reaffirming its 2025 financial outlook because of uncertainty in industry production caused by the evolving tariff environment, and it intends to provide updates as visibility improves.
Sales of $5.6 billion vs. $6.0 billion in Q1 2024, down 7% year over year
Earnings per share of $1.49 vs. $1.90; adjusted earnings per share of $3.12 vs. $3.18
2025 financial outlook not reaffirmed; company remains confident in 2025 operating performance commitments highlighted in February 2025
Repurchased $25 million of shares and paid $43 million in dividends in Q1 2025
Lear Corporation elected Julian Blissett, the recently retired head of General Motors' China operations, to its Board of Directors on February 14, 2025, for a term ending at the 2025 annual meeting. The Board determined he is independent, and he will not serve on any committees in his first year.
Julian Blissett was elected to the Board on February 14, 2025, for a term ending at the 2025 annual meeting of shareholders.
Blissett retired in 2024 after a 28-year career at General Motors, including nearly 20 years in China.
The Board determined he is independent under NYSE standards; new non-employee directors do not join committees in their first year.
He will receive non-employee director compensation under the Outside Directors Compensation Plan.
Lear reported fourth-quarter 2024 sales of $5.7 billion, down from $5.8 billion a year earlier, and net income of $88 million, down from $127 million. For full-year 2024, net income fell to $507 million from $573 million and GAAP earnings per share fell to $8.97 from $9.68, while adjusted earnings per share rose 5% to $12.62. The company also issued a 2025 outlook with net sales of $21,875 million to $22,875 million.
Q4 2024 net income $88 million vs $127 million in Q4 2023; EPS $1.61 vs $2.18
Full-year 2024 net income $507 million vs $573 million; adjusted EPS $12.62 vs $12.02
2025 outlook: net sales $21,875 million to $22,875 million; core operating earnings $915 million to $1,175 million
Repurchased $400 million of shares and paid $174 million in dividends in 2024
Lear reported third quarter 2024 sales of $5.6 billion, down 3% from a year earlier, while adjusted earnings per share rose 1% to $2.89, helped by share repurchases. Core operating earnings fell to $257 million from $267 million, and free cash flow dropped to $51 million from $251 million. The company also updated its full year 2024 outlook, which now projects net sales of $22,950 million to $23,150 million.
Q3 2024 sales were $5.6 billion versus $5.8 billion in Q3 2023; net income attributable to Lear was $135.8 million, up 2%.
Adjusted EPS was $2.89 versus $2.87; reported EPS was $2.41 versus $2.25, primarily reflecting share repurchases.
Core operating earnings were $257 million versus $267 million; free cash flow was $51 million versus $251 million.
Full year 2024 outlook: net sales $22,950 million to $23,150 million; core operating earnings $1,040 million to $1,090 million; free cash flow $535 million to $585 million.
Lear Corporation elected Rod Lache, a former Wolfe Research and Deutsche Bank automotive analyst, to its Board of Directors effective August 12, 2024, for a term ending at the 2025 annual meeting. The filing reports no arrangements with other persons tied to his election and no related transactions requiring disclosure, and it increases the Board to 11 directors. Board additions are routine governance changes, though the filing does not describe Lache's compensation beyond the company's standard non-employee director plan.
Rod Lache elected to the Board effective August 12, 2024; term ends at the 2025 annual meeting
Lache retired from Wolfe Research in July 2024 after serving as a Managing Director and Senior Analyst covering automotive
Lache will receive the standard non-employee director compensation under the Outside Directors Compensation Plan
Lear reported second-quarter 2024 sales of $6.0 billion, a modest increase from $5.999 billion a year earlier, and net income attributable to Lear of $173 million, up from $169 million. Diluted EPS was $3.02 versus $2.84, and adjusted EPS rose 8% to $3.60, which the company attributes mainly to its share repurchase program. The company also updated its full-year 2024 outlook, now showing core operating earnings of $1,030 million to $1,200 million, though the filing does not state the prior outlook for comparison.
Q2 2024 sales of $6.0 billion versus $5.999 billion in Q2 2023; core operating earnings flat at $302 million
Diluted EPS of $3.02 versus $2.84; adjusted EPS of $3.60 versus $3.33, up 8%
Full-year 2024 outlook: net sales $23,230 million to $23,670 million; core operating earnings $1,030 million to $1,200 million; free cash flow $485 million to $635 million
Repurchased $60 million of shares in Q2 2024; remaining authorization about $1.4 billion
Lear Corporation said Carl A. Esposito became Senior Vice President, IDEA by Lear, effective May 16, 2024, and Nicholas J. Roelli became Senior Vice President and President, E-Systems, succeeding Esposito. The filing also reports the results of the May 16, 2024 annual meeting, where shareholders elected 10 directors and voted on an advisory basis on executive compensation. The company describes IDEA by Lear as the next phase of its strategy to drive growth and improve profitability, but the filing does not disclose new financial results.
Carl A. Esposito, previously Senior Vice President and President, E-Systems, named Senior Vice President, IDEA by Lear, effective May 16, 2024
Nicholas J. Roelli, previously Vice President of Seating, North America, named Senior Vice President and President, E-Systems; annual base salary of $650,000
Roelli's agreement provides severance of a lump sum equal to two times annualized base salary plus target bonus, plus two years of welfare benefits, on termination without Cause or for Good Reason
Advisory vote on executive compensation at the May 16, 2024 annual meeting: 46,865,658 shares for and 5,072,563 against
Lear reported first quarter 2024 sales of $6.0 billion, up 3% from a year earlier, but reported net income attributable to Lear fell to $110 million from $144 million and diluted EPS fell to $1.90 from $2.41. Adjusted EPS rose 14% to $3.18, while the company confirmed its full-year 2024 outlook without change, which matters to shareholders because reported profit declined and $74 million in restructuring and other special items weighed on results.
Sales of $5,994.6 million vs $5,845.5 million a year earlier; core operating earnings rose 6% to $280 million
Net income $110 million vs $144 million; diluted EPS $1.90 vs $2.41; adjusted EPS $3.18 vs $2.78
Restructuring and other special items totaled $74 million, mainly European plant closures and Fisker impairments
Full-year 2024 outlook confirmed unchanged, including net sales of $24,000 million to $24,600 million
Lear reported fourth-quarter and full-year 2023 results on February 6, 2024, with sales and earnings higher than in 2022. The company also gave 2024 guidance of $24.0 billion to $24.6 billion in net sales and $1,155 million to $1,305 million in core operating earnings. Shareholders get a year-over-year profit increase plus a forward outlook, with the company also reporting $313 million in full-year share repurchases.
Q4 2023 sales were $5.8 billion, up 9% from $5.4 billion; diluted EPS was $2.18 vs $1.97 a year earlier
Full-year 2023 sales were $23.5 billion, up 12%; diluted EPS was $9.68 vs $5.47 and adjusted EPS was $12.02 vs $8.72
2024 outlook: net sales of $24.0 billion to $24.6 billion; core operating earnings of $1,155 million to $1,305 million
Full-year 2023 free cash flow was $638 million and the company repurchased $313 million of its shares
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