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Stock impact report

Lear Reports Fourth Quarter and Full Year Results and Provides Full Year 2024 Financial Outlook [Yahoo! Finance]

Lear Corporation (LEA) 
Last lear corporation earnings: 1/28 06:00 am Check Earnings Report
US:NYSE Investor Relations: ir.lear.com
Company Research Source: Yahoo! Finance
reported results for the fourth quarter and full year 2023 and provided its financial outlook for the full year 2024. Fourth Quarter 2023 Highlights Sales increased 9% to $5.8 billion , compared to $5.4 billion in the fourth quarter of 2022 Net income of $127 million and adjusted net income of $177 million , compared to $118 million and $168 million , respectively, in the fourth quarter of 2022 Core operating earnings increased 9% to $288 million , compared to million in the fourth quarter of 2022 Earnings per share of and adjusted earnings per share of , compared to and , respectively, in the fourth quarter of 2022 Net cash provided by operating activities of $570 million and free cash flow of $377 million , compared to $537 million and $342 million , respectively, in the fourth quarter of 2022 Sixth consecutive quarter of year-over-year improvements in sales and core operating earnings Repurchased $175 million of Lear shares, the highest level of share repurchases in Show less Read more
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