Lear Corp. (LEA) Misses Q2 EPS by 23c, Updates Guidance

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August 6, 2021 6:32 AM EDT
Get Alerts LEA Hot Sheet
Price: $124.95 +1.88%

Financial Fact:
Net sales: 4.53B

Today's EPS Names:
SVBT, ZEO, OTLK, More
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Lear Corp. (NYSE: LEA) reported Q2 EPS of $2.45, $0.23 worse than the analyst estimate of $2.68. Revenue for the quarter came in at $4.81 billion versus the consensus estimate of $4.91 billion.

GUIDANCE:

Lear Corp. sees FY2021 revenue of $19.7-20.5 billion, versus the consensus of $20.72 billion.

Full Year 2021 Outlook

Net Sales

$19,700 - $20,500 million

Core Operating EarningsAdjusted EBITDA

$920 - $1,110 million

$1,480 - $1,670 million

Restructuring Costs

≈$100 million

Capital Spending

≈$625 million

Free Cash Flow

$350 - $500 million

For earnings history and earnings-related data on Lear Corp. (LEA) click here.


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