Lear Corporation has posted second quarter net sales of US$4.1bn, up 12%, with core operating earnings of US$224m, an increase of 13%.

The supplier noted in the second quarter, global vehicle production increased 3% compared to a year ago, including rises of 11% in China and 6% in North America. 

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Europe and Africa industry production was up 2% compared to 12 months ago.

While Europe continued to be below trend, this was the first quarter without a year-over-year decline since the fourth quarter of 2011, said the company.

“Lear performed well in the second quarter, with sales and earnings growing faster than global industry production,” said Lear president and CEO, Matt Simoncini.

See Also:

“Our strong financial position allows us to strengthen and grow our business while improving our cost structure. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“We plan to maintain a balanced approach of investing in the business and returning excess cash to shareholders in order to drive shareholder value.”