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Lear’s Adjusted Profits Up 8%
Seating and electronics supplier Lear Corp.’s adjusted net income rose 8% to $331 million in the second quarter as revenue grew 9% to $5.6 billion.
#economics #electronics
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Seating and electronics supplier Lear Corp.’s adjusted net income rose 8% to $331 million in the second quarter as revenue grew 9% to $5.6 billion.
The company reports that its seating sales climbed 6% to $4.3 billion. Its electronics operations gained 19% to $1.3 billion.
Lear says it has avoided the U.S. import tariffs on steel by contracting for the price of the material it needs before the end of last year. The company affirms its earlier guidance that its sales this year will be around $22 billion, compared with $20.5 billion in 2017.
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