Lear (LEA) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 30. On the ot ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023. ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number: 1-11311 (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 1 ...

财务数据和关键指标变化 - 公司2023年全年营收创纪录,达到235亿美元,同比增长12% [7] - 核心经营利润增长29%至11亿美元 [7] - 调整后每股收益增长38%至12.02美元 [7] - 经营现金流改善22%至12.2亿美元,超过80%的自由现金流转换目标 [7] 各条业务线数据和关键指标变化 - 座椅业务获得了宝马5系和i5、道奇猎兽等重要新项目 [33] - 电子系统业务获得通用汽车、菲亚特克莱斯勒等客户的重要订单,并首次获得宝马的线束项目 [35] - 座椅业务四季度销售增长8%,核心经营利润增长7% [33] - 电子系统业务四季度销售增长12%,核心经营利润率提升至5.6% [35] 各个市场数据和关键指标变化 - 欧洲市场销售增长超过市场6个百分点,得益于路虎、揽胜等车型的强劲表现 [27] - 北美市场销售增长低于市场4个百分点,受到不利车型组合和罢工影响 [28] - 中国市场销售增长低于市场3个百分点,受到国内品牌车型占比提升的影响 [28] 公司战略和发展方向及行业竞争 - 公司通过收购IGB提升了热舒适系统能力,并加快了模块化座椅解决方案的开发 [8][53] - 公司在电子系统业务方面持续获得新订单,2023年连续第三年获得超10亿美元新业务 [10] - 公司推出了可回收的FlexAir泡沫和ReNewKnit可回收纺织品等创新产品 [18][20] - 公司未来三年订单总额达28亿美元,其中非合并合资企业订单增长约70% [21][23] 管理层对经营环境和未来前景的评论 - 管理层认为,尽管电动车销量增长放缓,但电动车仍将是未来几年新车型的主要动力 [136][137] - 管理层表示,即使电动车渗透率低于预期,ICE车型的延长生命周期也将为公司带来机会 [138][139] - 管理层认为,通过加快自动化和与客户的商业谈判,公司将能够抵消部分工资通胀压力 [141][142][143][147] - 管理层对公司长期增长前景保持乐观,认为座椅业务4个百分点、电子系统业务6个百分点的市场超越目标是可实现的 [133] 问答环节重要的提问和回答 问题1 **Rod Lache 提问** 如果全球产量增长2%而不是下降1%,这将给公司带来约7亿美元的额外收入。对于这部分增量收入,公司预计的贡献毛利率是多少? [101][102] **Jason Cardew 回答** 如果现有项目的产量增加,公司预计座椅业务的贡献毛利率为15%-20%,电子系统业务为25%左右。对于新获得的订单项目,首年的贡献毛利率会相对较低,在10%-15%左右。 [102][103] 问题2 **John Murphy 提问** 公司在2025年的订单中,是否已经考虑了ICE车型订单的回补,还是仅仅考虑了电动车订单的下降? [106][107][108][109] **Jason Cardew 和 Ray Scott 回答** 公司在预测2025年订单时采取了较为保守的方法,仅考虑了客户提供的电动车计划信息,并没有假设ICE车型订单的大幅回补。但实际上,一些ICE车型的生命周期可能会延长,这可能会成为2025年订单的潜在上行空间。 [106][107][108][109] 问题3 **Emmanuel Rosner 提问** 公司2024年的指引中,是否已经完全消化了工资通胀的影响,还是仍然存在一定的净负担? [140][141][142][143][144][145] **Jason Cardew 和 Ray Scott 回答** 公司2024年的指引中,仍然存在一定的工资通胀净负担。公司预计能够通过与客户的商业谈判以及加快自动化等方式,收回一半左右的超额工资通胀影响,另一半将成为本年度的净负担。未来随着这些措施的进一步推进,工资通胀的影响将得到更好的消化。 [140][141][142][143][144][145][147][148][149]

February 6, 2024 LEAR Making every drive better™ Fourth Quarter and Full Year 2023 Financial Results BUSINESS UPDATE Ray Scott, President and CEO 02 Lear Proprietary: The information contained herein is the property of Lear Corporation. 3 SALES CORE OPERATING EARNINGS $288M UP 9% YOY $23.5B UP 12% YOY Lear Proprietary: The information contained herein is the property of Lear Corporation. 5 Please see appendix for discussion of non-GAAP financial measures, as well as reconciliations of non-GAAP financial mea ...

August Outlook $1,610 - $1,740 million Interest Expense ≈$105 million No Change Effective Tax Rate 21% to 22% No Change Adjusted Net Income $680 - $710 million Operating Cash Flow $1,230 - $1,270 million August Outlook $1,180 - $1,280 million Capital Expenditures ≈$675 million August Outlook ≈$700 million Free Cash Flow $555 - $595 million August Outlook $480 - $580 million 2023 Full Year Outlook assumes an average Euro of $1.08 and an average Chinese RMB of 7.02 / $, S&P Global Mobility production forecast ...

Lear Corporation (NYSE:LEA) Q3 2023 Earnings Conference Call October 26, 2023 8:30 AM ET Company Participants Ed Lowenfeld - Vice President Investor Relations Ray Scott - President & Chief Executive Officer Jason Cardew - Senior Vice President & Chief Financial Officer Frank Orsini - Executive Vice President & President of Seating Conference Call Participants Rod Lache - Wolfe Research John Murphy - Bank of America James Picariello - BNP Paribas Colin Langan - Wells Fargo Dan Levy - Barclays Emmanuel Rosner ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________ FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF ☒ 1934 For the quarterly period ended September 30, 2023. TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF ☐ 1934 For the transition period from to . Commission file number: 001-11311 (Exact name of registrant as specified in its charter) ____ ...

Lear Corporation (NYSE:LEA) Q2 2023 Earnings Conference Call July 31, 2023 8:30 AM ET Ed Lowenfeld - Vice President of Investor Relations Raymond Scott - President & Chief Executive Officer Jason Cardew - Senior Vice President & Chief Financial Officer Company Participants Conference Call Participants James Picariello - BNP Paribas Emmanuel Rosner - Deutsche Bank Dan Levy - Barclays Colin Langan - Wells Fargo Itay Michaeli - Citi Our cost of debt is low, averaging approximately 4%. In addition, we have $2.9 ...

Company Participants Conference Call Participants Operator At this time, I'd like to turn the floor over to Ed Lowenfeld, Vice President, Investor Relations. Sir, please go ahead. Before Ray begins, I'd like to take this opportunity to remind you that as we conduct this call, we will be making forward-looking statements to assist you in understanding Lear's expectations for the future. As detailed in our safe harbor statement on Slide 2, our actual results could differ materially from these forward-looking ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022. ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number: 1-11311 (Exact name of registrant as specified in its charter) Delaware 13-3386776 (State or other jurisdiction of (I.R.S. Employer inco ...