NYSE$LEA

Lear Corp · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Lear's financial performance was solid amidst industry challenges, with sales outperforming global production and strategic acquisitions made.

Lear Corporation reported a 7% increase in sales to $5.1 billion, outperforming global industry production by six percentage points. Net income was $69 million, and adjusted net income was $107 million. The company made strategic acquisitions to expand its capabilities in thermal comfort solutions and material utilization technologies.

  • Sales outperformed global industry production by six percentage points.
  • Sales increased 7% to $5.1 billion.
  • Net income reached $69 million, with adjusted net income at $107 million.
  • The company entered into an agreement to acquire I.G. Bauerhin (IGB) to enhance thermal comfort solutions.

Headline financials

Total Revenue

$5.07B

Previous: $4.76B+6.5%
EPS (adj)

$1.79

Previous: $2.45-26.9%
Core Operating Earnings

$187M

Previous: $233M-19.6%
Capital Expenditures

-$172M

Previous: -$140M-23.0%
Free Cash Flow

-$104M

Previous: $35.2M-394.6%
Net Income

$68.5M

Previous: $175M-60.9%
Operating Income

$144M

Previous: $206M-29.9%
Gross Profit

$340M

Previous: $401M-15.3%
Cash & Equivalents

$828M

Previous: $1.4B-40.9%
Total Assets

$13.3B

Previous: $13.3B+0.6%

Revenue & EPS history

Lear · Revenue · Quarterly

$5.07B

Q2 2022+6.5%vs Q2 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Lear · $5.07B total across 2 segments · Q2 2022

  • Seating
    $3.87B
  • E-Systems
    $1.2B

Forward guidance

Lear narrowed the ranges for its 2022 financial outlook, keeping the midpoint of the range for net sales and core operating earnings unchanged.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

+0.3%

Avg return

Earnings day

-0.6%

Avg return

5 days after

+0.2%

Avg return

30 days after

53%

34 / 64 earnings

Positive

+11.9%

Q1 2020

Best reaction

-9.4%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.1%+8.2%+12.5%
Q4 2025+10.7%+16.4%+0.5%
Q3 2025+4.5%+5.4%+3.7%
Q1 2025-2.8%+2.5%-1.2%
Q3 2024-6.0%-5.1%-6.7%
Q2 2024+4.2%+4.0%+0.3%
Q1 2024-9.4%-7.3%-9.8%
Q4 2023-1.5%+0.3%+5.8%
Q3 2023-1.3%+0.1%+3.5%
Q2 2023-1.8%-1.1%-6.9%
Q1 2023-2.5%-4.7%-2.6%
Q4 2022-5.6%-5.3%-4.6%
Q3 2022-7.1%-1.6%+1.5%
Q2 2022+3.2%-5.5%-8.3%
Q1 2022+5.8%+0.9%+8.9%
Q4 2021+1.2%-5.9%-19.0%
Q3 2021+1.8%+1.1%-0.3%
Q2 2021-2.6%+0.1%-5.9%
Q1 2021-0.8%-6.8%+4.8%
Q4 2020-2.8%+1.1%+10.3%
Q3 2020-1.5%-1.1%+17.4%
Q2 2020+3.1%+0.4%+7.2%
Q1 2020+11.9%-0.3%+33.5%
Q4 2019-3.1%-5.4%-15.2%
Q3 2019+1.6%-1.6%-2.0%
Q2 2019-3.3%-5.0%-20.2%
Q1 2019-2.3%-2.8%-14.2%
Q4 2018+5.9%+3.2%+4.4%
Q3 2018-6.0%-4.8%+0.6%
Q2 2018-3.2%-0.8%-9.6%
Q1 2018-0.1%-0.4%+5.4%
Q4 2017+1.8%+0.8%-1.3%
Q3 2017+1.4%-0.9%+1.4%
Q2 2017+3.2%+1.5%-1.0%
Q1 2017+1.2%+1.2%+4.7%
Q4 2016-3.9%-3.3%-3.8%
Q3 2016+6.1%+7.6%+13.6%
Q2 2016-2.6%-6.3%-0.8%
Q1 2016-0.6%
Q4 2015+1.8%
Q3 2015+1.2%
Q2 2015+0.7%
Q1 2015-1.5%
Q4 2014+3.8%
Q3 2014+3.2%
Q2 2014+2.9%
Q1 2014-2.8%
Q4 2013-6.3%
Q3 2013+1.2%
Q2 2013+2.6%
Q1 2013+5.4%
Q4 2012+0.7%
Q3 2012+3.9%
Q2 2012+6.0%
Q1 2012+0.4%
Q4 2009-1.9%
Q4 2011-1.9%
Q3 2011-4.6%
Q3 2010-4.6%
Q2 2011-5.6%
Q1 2011+4.8%
Q1 2010+4.8%
Q4 2010+4.8%
Q2 2010+4.8%

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