Lear Q3 Report 2022

Third Quarter 2022 Highlights

• Sales increased 23% to $5.2 billion, compared to $4.3 billion in the third quarter of 2021
• Net income (loss) of $92 million and adjusted net income of $140 million, compared to $(27) million and $32 million, respectively, in the third quarter of 2021
• Core operating earnings of $235 million, compared to $98 million in the third quarter of 2021
• Earnings (loss) per share of $1.54 and adjusted earnings per share of $2.33, compared to $(0.44) and $0.53, respectively, in the third quarter of 2021
• Net cash provided by (used in) operating activities of $252 million and free cash flow of $112 million, compared to $(4) million and $(157) million, respectively, in the third quarter of 2021