Lear Corp. (LEA) Misses Q1 EPS by 15c, Offers Guidance

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May 3, 2022 6:37 AM EDT

Lear Corp. (NYSE: LEA) reported Q1 EPS of $1.80, $0.15 worse than the analyst estimate of $1.95. Revenue for the quarter came in at $5.21 billion versus the consensus estimate of $5.11 billion.

GUIDANCE:

Lear Corp. sees FY2022 revenue of $20.4-21.2 billion, versus the consensus of $21.5 billion.

Net Sales

$20,400 - $21,200 million

Core Operating Earnings

$765 - $965 million

Adjusted EBITDA

$1,365 - $1,565 million

Restructuring Costs

≈$150 million

Operating Cash Flow

$875 - $1,125 million

Capital Spending

$650 - $700 million

Free Cash Flow

$225 - $425 million

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


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