Lear Half-Year Report 2024

Highlights

• Record quarterly sales of more than $6 billion
• Total company growth over market of 3 percentage points, with 7 percentage points in E-Systems and 2 percentage points in Seating
• Repurchased $60 million of Lear shares and paid $44 million in dividends
• 8% year-over-year adjusted earnings per share growth, driven by our share repurchase program
• Eighth consecutive quarter of year-over-year margin improvement in E-Systems
• Introducing ComfortFlex by Lear™ modular designs and the ComfortMax Seat by Lear™ technology for Lear’s thermal comfort products
• New JIT seat award with Geely Zeekr, continuing growth with Chinese domestic automotive manufacturers
• Awarded the low voltage wiring for the Volvo EX30 in Europe
• Smart junction box award for several Volkswagen/Audi vehicles
• Completed the acquisition of WIP Industrial Automation to further strengthen our automation and artificial intelligence capabilities
• Released 2023 Sustainability Report, which highlights our progress on climate goals, sustainable product development, and diversity, equity and inclusion initiatives