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Lear boosts revenue but operating profit flat

Core operating earnings at $302m were flat

Graeme Roberts July 25 2024

Lear achieved record quarterly revenue in Q2 2024 of US$6bn, "a modest increase" year on year.

Net income of $173m and adjusted net income of $206m compared to $169m and $198m but core operating earnings at $302m were flat.

"In the second quarter, Lear grew sales to a record level and improved year over year margins in E-Systems for the eighth consecutive quarter," said Ray Scott, president and CEO.

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