Lear Corp. (LEA) Tops Q4 EPS by 20c; Guides FY15 Revs Slightly Below Consensus

Lear Corp. (NYSE: LEA) reported Q4 EPS of $2.27, $0.20 better than the analyst estimate of $2.07. Revenue for the quarter came in at $4.5 billion versus the consensus estimate of $4.51 billion.

Lear Corp. sees FY2015 revenue of $18.5 - $19 billion, versus the consensus of $19.04 billion.

"2014 marked our fifth consecutive year of higher sales, earnings per share and strong free cash flow," said Matt Simoncini, Lear's president and chief executive officer. "Sales grew faster than industry production, and we improved our margins in both business segments on a year-over-year basis. Our improving financial results and our strong sales backlog demonstrate that our focused strategy is delivering value for our customers and for our shareholders. The investments that we have made in expanding our Electrical business, increasing our component capabilities and improving our low-cost manufacturing and engineering footprint in both business segments, as well as the acquisitions of Eagle Ottawa and Guilford, have positioned Lear to take advantage of industry growth and major industry trends."

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

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