Lear has posted second quarter sales of US$4.6bn, up 1% from a year ago, with record core operating earnings of US$337m, a rise of 23%. 

The seating and electrical distribution supplier also returned US$142m to shareholders through share repurchases and dividends.

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“In the second quarter, we continued our positive momentum with record financial results,” said Lear president and CEO, Matt Simoncini.

“The investments we have made in our core seating and electrical businesses have strengthened our competitiveness and given Lear an industry-leading cost position which is driving market share gains and margin improvements. 

“Going forward, we are well positioned to take advantage of major industry trends and profitable sales growth opportunities.  We are confident in our ability to sustain our success, and we are increasing our full year financial outlook for 2015.” 

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