Lear, the Michigan-based seating and electrical distribution supplier, saw its global revenue grow 10% to US$4.4bn from US$3.9bn in the first quarter of the year.
Net income was up from US$109m to US$122m while operating earnings jumped 21% to US$243m.
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Sales by the seating division were up 11% while electrical division sales grew 10% to a record US$1.1bn. The company said the growth was driven by the addition of new business and was the 18th consecutive quarter of year on year margin improvement.
Lear increased its full year 2014 financial outlook for sales, core operating earnings and free cash flow. It expects 2014 sales to be in the range of US$17.2-17.7bn, up US$300m from previous forecasts.
It based its forecast on industry vehicle production assumptions of 16.8m units in North America and 20m units in Europe and Africa, both in line with its earlier forecasts, and 21.2m units in China, up 2% from its previous outlook.
