Lear Reports Fourth Quarter and Full Year 2022 Results and Provides Full Year 2023 Outlook

Sales in the fourth quarter increased 10% to $5.4 billion compared to a year ago. Excluding the impact of commodities, foreign exchange and acquisitions, sales were up 13%, reflecting the addition of new business in both of our business segments and increased production on key Lear platforms. Sales growth over market in the fourth quarter was 7 percentage points, driven primarily by the impact of new business in both business segments.