Core Insights - The report titled "Lear Capital Gold, Silver and Fees: What Investors Need to Know" provides an analysis of Lear Capital's offerings in gold and silver, focusing on customer feedback, pricing, and competitive benchmarks in the precious metals IRA market [2][4] - The analysis aims to enhance transparency in the self-directed IRA and gold investment landscape, particularly as interest in inflation-resistant assets grows [4] Company Overview - Lear Capital is evaluated for its customer service, particularly in assisting first-time precious metals buyers, with strong marks for educational resources and personalized advice [8] - The company has made significant improvements in fee transparency, enhancing how pricing is communicated during consultations and on its website [8] Market Context - The report is part of IRAEmpire's mission to provide clarity and accountability in the retirement investment sector, focusing on independent reviews and expert analysis of IRA custodians and precious metals dealers [6]

Core Insights - Lear Corp. (LEA) reported Q2 2025 adjusted earnings per share of $3.47, exceeding the Zacks Consensus Estimate of $3.23, driven by strong performance in the Seating and E-Systems segments, although down from $3.60 in the same quarter last year [1][9] - Total revenues for the quarter were flat year-over-year at $6.03 billion, surpassing the Zacks Consensus Estimate of $5.89 billion [1][9] Segmental Performance - The Seating segment generated sales of $4.47 billion, slightly up from $4.45 billion year-over-year, and exceeded the Zacks Consensus Estimate of $4.37 billion. Adjusted segment earnings were $298.9 million, down from $302.1 million year-over-year but above the estimate of $276 million, with adjusted margins at 6.7% [2] - The E-Systems segment reported sales of $1.56 billion, a 0.6% decline year-over-year, but still above the Zacks Consensus Estimate of $1.52 billion. Adjusted earnings were $75.8 million, down from $82.2 million year-over-year, yet surpassing the estimate of $67 million, with adjusted margins at 4.9% [3] Performance by Region - North America sales decreased by 1.3% year-over-year to $2.52 billion, exceeding the Zacks Consensus Estimate of $2.44 billion [4] - Europe and Africa region sales fell by 0.39% year-over-year to $2.16 billion, beating the Zacks Consensus Estimate of $2.13 billion [4] - Asia region sales increased by 6.5% year-over-year to $1.14 billion, surpassing the Zacks Consensus Estimate of $1.13 billion [4] Financial Position & Other Tidbits - As of June 28, 2025, the company had $888 million in cash and cash equivalents, down from $1.05 billion at the end of 2024. Long-term debt increased to $2.76 billion [6] - Net cash used in operating activities for the quarter was $296.2 million, with a free cash flow (FCF) of $170.8 million [6] - During the quarter, Lear repurchased 271,117 shares for a total of $25 million, with nearly $1 billion remaining in share repurchase authorization [7] 2025 Guidance - Lear projects full-year net sales between $22.47 billion and $23.07 billion, with core operating earnings expected in the range of $955 million to $1,095 million. Operating cash flow is anticipated to be between $1.01 billion and $1.11 billion, with FCF projected between $420 million and $520 million and capital spending estimated at $590 million [9][10]

Core Insights - Lear's Q2 2025 earnings report showed both GAAP revenue and non-GAAP adjusted EPS exceeded analyst expectations, with revenue at $6.03 billion and adjusted EPS at $3.47 [1][2] - Despite the revenue and EPS beats, earnings and profit margins declined compared to the same quarter last year, indicating ongoing operational challenges [1][5] Financial Performance - Q2 2025 Non-GAAP EPS was $3.47, beating the estimate of $3.30 but down 3.6% from Q2 2024 [2] - GAAP EPS was $3.06, a slight increase of 1.3% from Q2 2024 [2] - GAAP revenue was $6.03 billion, surpassing the estimate of $5.92 billion and showing a marginal increase of 0.3% year-over-year [2] - Adjusted net income decreased by 8.7% to $188 million compared to $205.8 million in Q2 2024 [2] - Core operating earnings fell by 3.3% to $292 million from $302 million in Q2 2024 [2] - Free cash flow was reported at $171 million, a slight increase of 0.5% from $170 million [2] Business Segments - Lear operates in two main segments: Seating and E-Systems, with steady sales in both areas [5] - Seating sales saw a slight increase compared to Q2 2024, while E-Systems sales dipped by less than 1% [5] - Adjusted segment margins for Seating held at 6.7%, while E-Systems margins decreased to 4.9% from 5.3% in Q2 2024 [5] Geographic Performance - Lear experienced a notable 9% increase in vehicle production in China, while sales in North America and Europe/Africa declined [6] - Global vehicle production rose by 3%, but Lear's sales-weighted production remained flat, indicating challenges in demand shifts [6] Cash Position and Shareholder Returns - The company reported $888 million in cash and equivalents and $2.9 billion in liquidity at the end of the quarter [7] - Share repurchases totaled $25 million, with $41 million paid out in dividends [7] - Since 2011, the share repurchase program has reduced outstanding shares by approximately 57%, with about $1.0 billion remaining authorized for buybacks [7] Innovation and Strategic Focus - Lear is focusing on innovation in product design and automation, with partnerships like the one with Palantir to enhance profitability [8][9] - The company has secured new contracts in the E-Systems segment for integrated wiring and high-voltage systems, particularly with EV manufacturers [9] Guidance and Future Outlook - Management restored financial guidance for 2025, projecting net sales between $22.47 billion and $23.07 billion and free cash flow estimated at $420 million to $520 million [11] - The guidance assumes a 2% decrease in global industry production compared to 2024 on a Lear sales-weighted basis [11] - Ongoing international trade negotiations may introduce uncertainty in auto demand and production schedules [12]

Financial Data and Key Metrics Changes - The company reported $6 billion in revenue for Q2 2025, with core operating earnings of $292 million and an operating margin of 4.8% [5][25] - Adjusted earnings per share were $3.47, slightly down from $3.60 a year ago, while operating cash flow increased to $296 million from $291 million [5][26] - Full-year net performance outlook was increased by approximately $25 million to over $150 million, reflecting strong operating performance [7][39] Business Line Data and Key Metrics Changes - In the Seating segment, sales were $4.5 billion, a 1% increase year-over-year, while adjusted earnings were $299 million, down 1% [26] - The E Systems segment saw sales of $1.6 billion, also down 1% year-over-year, with adjusted earnings of $76 million, reflecting a decline in operating margins [27][28] - The company won multiple awards in both segments, including significant contracts with major automakers like BMW and Ford [9][10][11] Market Data and Key Metrics Changes - Global vehicle production increased by 3% year-over-year, but was flat on a Lear sales-weighted basis, with North American production down 3% and European production down 2% [23] - Production volumes in China increased by 9%, indicating a shift in market dynamics [23] Company Strategy and Development Direction - The company aims to extend its leadership in Seating, expand margins in E Systems, and enhance operational excellence through automation and restructuring [6][12] - Investments in digital tools and partnerships, such as with Palantir, are expected to drive efficiency gains and improve operational capabilities [8][16] - The focus remains on high-quality programs that generate strong risk-adjusted returns, particularly in the context of ongoing macroeconomic uncertainties [12][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business despite macro uncertainties, reinstating full-year guidance based on strong performance [7][39] - The company is cautious about customer production schedules, embedding a 2% discount in their outlook due to potential headwinds from tariffs and model changeovers [73][74] - Future cash flow expectations are impacted by tariff recovery timing and restructuring investments, with a focus on improving operational efficiency [93][94] Other Important Information - The company has successfully refinanced its $2 billion revolver, extending its maturity and strengthening its liquidity position [40][41] - The company plans to repurchase $250 million worth of stock for the full year, reflecting a commitment to returning excess cash to shareholders [42] Q&A Session Summary Question: Outlook on margin deceleration in the second half - Management acknowledged that the majority of margin deceleration is due to weaker volumes, but emphasized confidence in generating margin expansion through efficiency programs [46][47] Question: Details on awards from Ford - The component business won is for the next generation F-150 and F-250, with ongoing quoting processes for just-in-time business [54][67] Question: Clarification on performance metrics - Management confirmed that the increase in restructuring savings is primarily expected in the second half, with a strong performance anticipated in both segments [62][63] Question: Volume and sales outlook - The company noted a cautious approach to customer production schedules, reflecting uncertainty in the market and adjustments based on model changeovers [72][73] Question: Revenue from conquest award with EV OEM - The conquest award is expected to generate about $50 million in additional revenue starting late this year, with full effects seen in 2026 and 2027 [78][79]

Financial Data and Key Metrics Changes - The company reported $6 billion in revenue for Q2 2025, with core operating earnings of $292 million and an operating margin of 4.8% [5][25] - Adjusted earnings per share were $3.47, slightly down from $3.60 a year ago, while operating cash flow increased to $296 million from $291 million [5][26] - Full year net performance outlook was increased by approximately $25 million to over $150 million, reflecting strong operating performance [7][38] Business Line Data and Key Metrics Changes - In the Seating segment, sales were $4.5 billion, a 1% increase year-over-year, while adjusted earnings were $299 million, down 1% [26][27] - The E Systems segment reported sales of $1.6 billion, a 1% decrease year-over-year, with adjusted earnings of $76 million, down from $82 million [27][28] - The company won multiple awards in both segments, including significant contracts with major automakers like BMW and Ford [10][12] Market Data and Key Metrics Changes - Global vehicle production increased by 3% year-over-year, but was flat on a Lear sales-weighted basis due to declines in North America and Europe [24] - Production volumes in North America and Europe declined by 3% and 2%, respectively, while volumes in China increased by 9% [24] Company Strategy and Development Direction - The company aims to extend its leadership in Seating, expand margins in E Systems, and support sustainable value creation through disciplined capital allocation [6] - Investments in automation and restructuring are expected to drive efficiency and cost savings, with an estimated $90 million in additional savings anticipated in the second half of the year [21][38] - The partnership with Palantir is focused on enhancing digital and operational capabilities, contributing to efficiency gains [8][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business despite macroeconomic uncertainties, restoring full year guidance based on strong performance [7][43] - The company is cautious about customer production schedules, embedding a 2% discount in their guidance due to potential headwinds from tariffs and model changeovers [72][73] - Management highlighted the importance of maintaining strong relationships with customers to offset tariff impacts and drive margin improvements [43][44] Other Important Information - The company has reduced its global hourly headcount by nearly 20,000 or 11% since the end of 2023, contributing to cost savings [13][14] - The refinancing of a $2 billion revolver was completed, extending its maturity and strengthening liquidity [7][40] Q&A Session Summary Question: Outlook on margin deceleration in the second half - Management acknowledged a meaningful deceleration in margins due to weaker volumes but emphasized confidence in generating margin expansion through efficiency programs and cost reductions [47][48] Question: Details on awards from Ford - The component business won with Ford is for the next generation F-150 and F-250, with ongoing quoting for just-in-time business [54][66] Question: Volume and sales outlook - Management noted a cautious approach to customer production schedules, embedding a 2% discount in guidance due to anticipated headwinds from tariffs and model changeovers [72][73] Question: Revenue from conquest award with EV OEM - The conquest award is expected to generate about $50 million in additional revenue starting late this year, with full effects seen in 2026 and 2027 [78] Question: Clarification on cash flow outlook - The lower cash flow outlook is primarily due to earnings and tariff recovery timing, with potential improvements expected from finalized credit programs [89][90]

Financial Performance - Q2 2025 - Sales remained flat at $6 billion compared to Q2 2024[9] - Core operating earnings decreased to $292 million from $302 million in Q2 2024[9] - Adjusted earnings per share decreased to $3.47 from $3.60 in Q2 2024[9] - Operating cash flow increased to $296 million from $291 million in Q2 2024[9] Full Year 2025 Outlook - Revenue is expected to be between $22470 million and $23070 million[12] - Core operating earnings are projected to be between $955 million and $1095 million[12] Segment Performance - Q2 2025 - Seating sales increased slightly to $4474 million from $4447 million in Q2 2024[30] - E-Systems sales decreased to $1557 million from $1565 million in Q2 2024[35] Tariff Impact - Approximately $63 million in tariff recovery was achieved in H1 2025[46] - Gross tariff exposure is approximately $210 million[46]

Core Viewpoint - Lear (LEA) reported quarterly earnings of $3.47 per share, exceeding the Zacks Consensus Estimate of $3.23 per share, although down from $3.6 per share a year ago [1][2] Financial Performance - The earnings surprise for the quarter was +7.43%, following a previous quarter where earnings were $3.12 per share against an expectation of $2.64, resulting in a surprise of +18.18% [2] - Lear's revenues for the quarter reached $6.03 billion, surpassing the Zacks Consensus Estimate by 2.38%, and showing a slight increase from $6.01 billion year-over-year [3] - Over the last four quarters, Lear has consistently exceeded consensus EPS and revenue estimates [2][3] Stock Performance - Since the beginning of the year, Lear shares have increased by approximately 14.2%, outperforming the S&P 500's gain of 8.2% [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [7] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $3.06 on revenues of $5.57 billion, and for the current fiscal year, it is $12.17 on revenues of $22.51 billion [8] - The outlook for the automotive industry, where Lear operates, is favorable, with the Automotive - Original Equipment sector ranking in the top 35% of Zacks industries [9]

[Lear Reports Second Quarter 2025 Results](index=1&type=section&id=Lear%20Reports%20Second%20Quarter%202025%20Results) [Second Quarter 2025 Financial Highlights](index=1&type=section&id=Second%20Quarter%202025%20Financial%20Highlights) Lear reported stable Q2 2025 revenue of **$6.0 billion**, with slight declines in net income and core operating earnings, and strong free cash flow generation Q2 2025 Key Financial Metrics | Metric | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | Revenue | $6.0 billion | $6.0 billion | | Net Income | $165 million | $173 million | | Adjusted Net Income | $188 million | $206 million | | Core Operating Earnings | $292 million | $302 million | | EPS | $3.06 | $3.02 | | Adjusted EPS | $3.47 | $3.60 | | Free Cash Flow | $171 million | $170 million | - The company restored its full-year guidance, projecting revenue between **$22.47 billion** and **$23.07 billion**, and core operating earnings from **$955 million** to **$1.095 billion**[4](index=4&type=chunk) - Capital return activities in Q2 included repurchasing **$25 million** of shares and paying **$41 million** in dividends[4](index=4&type=chunk) - Secured significant new business, including a conquest complete seat program with BMW in Asia, two conquest seat component awards with Ford, and conquest wire business with a global EV automaker[4](index=4&type=chunk) [Second Quarter Financial Results Analysis](index=2&type=section&id=Second%20Quarter%20Financial%20Results%20Analysis) Q2 2025 sales remained flat at **$6.0 billion** year-over-year, with core operating earnings decreasing to **$292 million** due to lower production volumes - Global vehicle production increased **3%** year-over-year, remaining flat on a Lear sales-weighted basis, with North America down **3%**, Europe down **2%**, and China up **9%**[6](index=6&type=chunk) - Excluding impacts from commodities, foreign exchange, and tariffs, sales decreased by **1%**, attributed to reduced production on key Lear platforms[6](index=6&type=chunk) - Core operating earnings were **$292 million**, or **4.8%** of sales, compared to **$302 million**, or **5.0%** of sales, in Q2 2024[7](index=7&type=chunk) - Net cash from operating activities was **$296 million**, and free cash flow was **$171 million** for the quarter[8](index=8&type=chunk) [Business Segment Performance](index=2&type=section&id=Business%20Segment%20Performance) In Q2 2025, Seating segment sales grew slightly with marginal margin compression, while E-Systems sales declined with reduced adjusted margins [Seating](index=14&type=section&id=Seating) The Seating segment reported Q2 2025 net sales of **$4.47 billion**, a slight increase, with adjusted margins marginally decreasing to **6.7%** Seating Segment Performance (Q2) | Metric | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | Net Sales | $4,473.9 million | $4,447.0 million | | Adjusted Segment Earnings | $298.9 million | $302.1 million | | Adjusted Segment Margins | 6.7% | 6.8% | Seating Segment Performance (Six Months) | Metric | YTD 2025 | YTD 2024 | | :--- | :--- | :--- | | Net Sales | $8,625.0 million | $8,924.6 million | | Adjusted Segment Earnings | $578.8 million | $597.0 million | | Adjusted Segment Margins | 6.7% | 6.7% | [E-Systems](index=14&type=section&id=E-Systems) The E-Systems segment's Q2 2025 net sales slightly decreased to **$1.56 billion**, with adjusted margins contracting to **4.9%** E-Systems Segment Performance (Q2) | Metric | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | Net Sales | $1,556.5 million | $1,565.4 million | | Adjusted Segment Earnings | $75.8 million | $82.2 million | | Adjusted Segment Margins | 4.9% | 5.3% | E-Systems Segment Performance (Six Months) | Metric | YTD 2025 | YTD 2024 | | :--- | :--- | :--- | | Net Sales | $2,965.7 million | $3,082.4 million | | Adjusted Segment Earnings | $149.6 million | $159.3 million | | Adjusted Segment Margins | 5.0% | 5.2% | [Share Repurchase Program](index=3&type=section&id=Share%20Repurchase%20Program) In Q2 2025, Lear repurchased **$25 million** in shares, with **$1.0 billion** remaining authorized, contributing to a **57%** reduction in shares outstanding since 2011 - In Q2 2025, the company repurchased **271,117** shares for a total of **$25 million**[10](index=10&type=chunk) - At the end of Q2, approximately **$1.0 billion** remained authorized for future share repurchases, representing about **18%** of the company's market capitalization[10](index=10&type=chunk) - Since 2011, Lear has repurchased **59.6 million** shares for **$5.6 billion**, at an average price of **$94.53** per share, reducing total shares outstanding by approximately **57%**[11](index=11&type=chunk) [2025 Financial Outlook](index=3&type=section&id=2025%20Financial%20Outlook) Lear restored its full-year 2025 guidance, projecting net sales between **$22.47 billion** and **$23.07 billion** and free cash flow from **$420 million** to **$520 million**, assuming a **2%** decline in global production Full Year 2025 Financial Outlook | Metric | Guidance Range (in millions) | | :--- | :--- | | Net Sales | $22.47 billion - $23.07 billion | | Core Operating Earnings | $955 million - $1.095 billion | | Adjusted EBITDA | $1.57 billion - $1.71 billion | | Operating Cash Flow | $1.01 billion - $1.11 billion | | Free Cash Flow | $420 million - $520 million | - The guidance assumes global industry production will be **2%** lower than in 2024 on a Lear sales-weighted basis[12](index=12&type=chunk) - The outlook assumes the continuation of agreements to recover costs associated with new tariffs through the second half of the year[13](index=13&type=chunk) [Financial Statements and Supplemental Data](index=7&type=section&id=Financial%20Statements%20and%20Supplemental%20Data) This section presents detailed unaudited financial statements for Q2 and YTD 2025, including income statements, balance sheets, and supplemental data with GAAP to non-GAAP reconciliations [Condensed Consolidated Statements of Income](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income) For Q2 2025, net sales were **$6.03 billion** with net income of **$165.2 million**, while six-month net sales reached **$11.59 billion** with **$245.9 million** in net income Income Statement Summary (Three Months Ended) | Metric | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | Net Sales | $6,030.4 million | $6,012.4 million | | Net Income Attributable to Lear | $165.2 million | $173.1 million | | Diluted EPS | $3.06 | $3.02 | Income Statement Summary (Six Months Ended) | Metric | YTD 2025 | YTD 2024 | | :--- | :--- | :--- | | Net Sales | $11,590.7 million | $12,007.0 million | | Net Income Attributable to Lear | $245.9 million | $282.7 million | | Diluted EPS | $4.54 | $4.92 | [Condensed Consolidated Balance Sheets](index=9&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of June 28, 2025, total assets were **$15.32 billion**, with cash at **$887.9 million**, total debt around **$2.79 billion**, and total equity at **$5.21 billion** Balance Sheet Summary (as of June 28, 2025) | Account | June 28, 2025 | Dec 31, 2024 | | :--- | :--- | :--- | | Cash and cash equivalents | $887.9 million | $1,052.9 million | | Total Assets | $15.32 billion | $14.03 billion | | Long-term debt | $2.76 billion | $2.73 billion | | Total Equity | $5.21 billion | $4.60 billion | [Consolidated Supplemental Data](index=10&type=section&id=Consolidated%20Supplemental%20Data) Q2 2025 supplemental data highlights North America as the largest sales region at **$2.52 billion**, with free cash flow of **$170.8 million**, and reconciliations for non-GAAP metrics Net Sales by Region (Q2) | Region | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | North America | $2,519.3 million | $2,552.5 million | | Europe and Africa | $2,163.2 million | $2,171.6 million | | Asia | $1,144.6 million | $1,074.4 million | | South America | $203.3 million | $213.9 million | Free Cash Flow Reconciliation (Q2) | Metric | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | Net cash from operating activities | $296.2 million | $291.2 million | | Capital expenditures | ($125.4 million) | ($120.8 million) | | Free cash flow | $170.8 million | $170.4 million | Adjusted Earnings Per Share Reconciliation (Q2) | Metric | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | Diluted net income per share | $3.06 | $3.02 | | Adjusted earnings per share | $3.47 | $3.60 | [Other Information](index=4&type=section&id=Other%20Information) [Conference Call and Webcast Information](index=4&type=section&id=Conference%20Call%20and%20Webcast%20Information) Lear will host a conference call and webcast on **July 25, 2025**, at **9:00 a.m. EDT**, to discuss its second quarter 2025 financial results - A conference call and webcast to discuss Q2 2025 results is scheduled for **July 25, 2025**, at **9:00 a.m. EDT**[16](index=16&type=chunk) [Non-GAAP Financial Information](index=4&type=section&id=Non-GAAP%20Financial%20Information) This section defines non-GAAP financial measures like core operating earnings and free cash flow, which management uses to analyze core operating performance - The company uses non-GAAP measures like core operating earnings, adjusted EBITDA, and free cash flow to provide a clearer view of its core operational performance[17](index=17&type=chunk)[18](index=18&type=chunk) - Management states that these non-GAAP measures should not be considered in isolation and may not be comparable to similar measures reported by other companies[19](index=19&type=chunk)[20](index=20&type=chunk) [Forward-Looking Statements](index=5&type=section&id=Forward-Looking%20Statements) The press release contains forward-looking statements regarding anticipated financial results, subject to various risks and factors, with sales backlog based on assumptions, not firm orders - The report includes forward-looking statements concerning financial results, which are subject to risks and uncertainties detailed in SEC filings[21](index=21&type=chunk) - The company's core sales backlog reflects anticipated net sales from new programs but is not a guarantee of future revenue, as contracts can be terminated and are subject to various assumptions[22](index=22&type=chunk)

Core Insights - Lear Corporation reported strong operating performance in Q2 2025, with solid margins across both business segments, driven by investments in automation and restructuring [3][4][5] - The company restored its full-year financial guidance, expecting revenue between $22.47 billion and $23.07 billion, and core operating earnings between $955 million and $1.095 billion [11][14] Financial Performance - Q2 2025 sales were $6.03 billion, slightly up from $6.01 billion in Q2 2024, while net income decreased to $165.2 million from $173.1 million year-over-year [4][5][26] - Adjusted net income for Q2 2025 was $187.8 million, down from $205.8 million in Q2 2024, with adjusted earnings per share at $3.47 compared to $3.60 [5][29] - Core operating earnings were $291.8 million, or 4.8% of sales, compared to $302 million, or 5.0% of sales in the previous year [6][29] Segment Performance - In the Seating segment, margins were 6.4% of sales, while adjusted margins were 6.7% [7][33] - The E-Systems segment reported margins of 3.5% and adjusted margins of 4.9% [7][33] Cash Flow and Liquidity - Net cash provided by operating activities was $296 million, with free cash flow at $171 million, compared to $291 million and $170 million, respectively, in Q2 2024 [5][7] - At the end of Q2 2025, cash and cash equivalents totaled $888 million, with total liquidity of $2.9 billion [5][7] Shareholder Returns - The company repurchased $25 million worth of shares during Q2 2025 and paid $41 million in dividends [5][9] - Since the initiation of the share repurchase program in 2011, Lear has repurchased 59.6 million shares for a total of $5.6 billion [10] Market Outlook - Global vehicle production increased by 3% year-over-year, with North America down 3%, Europe down 2%, and China up 9% [4][5] - Lear's financial outlook assumes a 2% decrease in global industry production compared to 2024 on a sales-weighted basis [11][14]

Core Viewpoint - Lear (LEA) is expected to report quarterly earnings of $3.23 per share, reflecting a decline of 10.3% year-over-year, with revenues forecasted at $5.89 billion, a decrease of 2% compared to the previous year [1] Earnings Projections - Changes in earnings projections are crucial for predicting investor reactions to the stock, with empirical studies showing a strong correlation between earnings estimate trends and short-term stock price movements [2] Analysts' Consensus on Key Metrics - Analysts forecast 'Net Sales- E-Systems' to be $1.52 billion, indicating a year-over-year decline of 2.9% [4] - 'Net Sales- Seating' is projected to reach $4.37 billion, reflecting a decrease of 1.7% from the same quarter last year [4] - 'Geographic Net Sales- South America' is expected to be $235.04 million, showing an increase of 9.9% year-over-year [4] - 'Geographic Net Sales- North America' is estimated at $2.44 billion, indicating a decline of 4.6% [5] - 'Geographic Net Sales- Europe and Africa' is projected to be $2.13 billion, reflecting a decrease of 1.8% [5] - 'Geographic Net Sales- Asia' is expected to reach $1.13 billion, indicating an increase of 5.4% from the prior year [5] Adjusted Segment Earnings - 'Adjusted Segment Earnings- E-Systems' is estimated at $66.73 million, down from $82.20 million in the same quarter last year [6] - 'Adjusted Segment Earnings- Seating' is projected to be $276.06 million, compared to $302.10 million in the previous year [6] Stock Performance - Shares of Lear have increased by 14.4% over the past month, outperforming the Zacks S&P 500 composite, which rose by 5.9% [6]