Lear Corp. (LEA) Tops Q4 EPS Views
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Lear Reports Record Fourth Quarter and Full Year 2015 Results; Reaffirms 2016 Financial Guidance
January 28, 2016 7:01 AM ESTSOUTHFIELD, Mich., Jan. 28, 2016 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a leading global supplier of automotive seating and electrical systems, today reported record financial results for the fourth quarter and full year 2015 and reaffirmed 2016 guidance. 2015 highlights include:
Fourth Quarter 2015
Sales of $4.7 billion, up 4% from a year ago; 11% growth excluding impact of foreign exchange Record core operating earnings of $359 million, up 28% from prior year Core operating margin of 7.6%, up from 6.2% a year ago, with improved margins in both business segments Adjusted earnings per share of $3.20, up... More