Lear has unveiled fourth quarter sales of US$4.7bn, up 4% from a year ago, with core operating earnings of US$359m, an increase of 28%.
Full year sales were a record at US$18.2bn, up 3% from a year ago, with core operating earnings of US$1.3bn, a rise of 25%.
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"In the fourth quarter, we again delivered record financial results and for the full year 2015 we reported our sixth consecutive year of higher sales, increased earnings per share and strong cash flow," said Lear president and CEO, Matt Simoncini.
"During 2015, we continued to invest in our business with the acquisitions of Eagle Ottawa, Arada Systems and Autonet Mobile as well as continued expansion of our component facilities in low-cost regions.
"As a result of these investments, Lear has differentiated itself from the competition in craftsmanship and connectivity.
"Our strong financial position, product capabilities, low-cost manufacturing footprint and strong customer relationships have put Lear in the best overall competitive position in our history."
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