Lear Corp. (LEA) Tops Q1 EPS by 9c
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Lear Reports Record Quarterly Earnings
April 24, 2015 7:00 AM EDTSOUTHFIELD, Mich., April 24, 2015 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a leading global supplier of automotive seating and electrical distribution systems, today reported financial results for the first quarter. Highlights include:
Sales of $4.5 billion, up 4% from a year ago; 12% growth excluding impact of foreign exchange Best ever quarterly core operating earnings of $294 million, up 21% Adjusted earnings per share of $2.28, up 24% Company operating margin of 6.5%, up from 5.6% a year ago Improved margins in both business segments Completed acquisition of Eagle Ottawa Increased quarterly cash dividend by 25%... More