Seating specialist Lear Corporation reported fourth quarter net sales of US$2.7bn and pretax income of $1,194m, including a gain related to reorganisation items and fresh start accounting adjustments of $1,513m, a goodwill impairment charge of $319.0m and restructuring costs of $59.3m. Income before interest, other expense, income taxes, restructuring costs and other special items (core operating earnings) was $115.5m in the fourth quarter of 2009. This compared with net sales of $2.6bn, a pretax loss of $682.9m, including a goodwill impairment charge of $530.0m, and core operating earnings of $22.0m in the fourth quarter of 2008.