Lear Corp. (LEA) Misses Q1 EPS by 15c, Offers Guidance
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Revenue Growth %: +2.3%
Financial Fact:
Provision for income taxes: 88.2M
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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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