Lear Q3 sales fall 3% to $5.6 billion; adjusted EPS rises 1% to $2.89
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.
Key points
- 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.
The filing
Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 24, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.