Lear Q4 2024 net income falls to $88 million; issues 2025 outlook
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.
Key points
- 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
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:05 AM ET, from the text of the filing and its press-release exhibits 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 February 06, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.