Lear Corp. (LEA) Tops Q1 EPS by 25c; Raises Outlook
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Lear Reports Record First Quarter 2018 Results and Increases Full Year Financial Outlook
April 26, 2018 6:30 AM EDTSOUTHFIELD, Mich., April 26, 2018 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a leading global supplier of automotive seating and electrical systems, today reported record results for the first quarter 2018. Highlights include:
Record sales of $5.7 billion, up 15% from a year ago Record net income of $353.7 million and record adjusted net income of $344.5 million, compared to $305.8 million and $300.1 million, respectively, in the prior year Record core operating earnings of $490.5 million, up 14% from a year ago Record earnings per share of $5.16 and record adjusted earnings per share of $5.10, up 19%... More