Mexican Media Brands
Lear’s First-Quarter Profit Jumps 23%
Lear Corp.’s net income in the first quarter of 2017 climbed to $306 million from $248 million in the same period last year.
#economics
Share
Lear Corp.’s net income in the first quarter of 2017 climbed to $306 million from $248 million in the same period last year.
Revenue for the seating and electronics supplier grew 7% to $5 billion on equal percentage gains for both business sectors.
Lear says its full-year financial outlook is unchanged. The company expects sales of about $19.5 billion, core operating earnings of $1.6 billion and adjusted net income of about $1.1 billion. Last year the company’s net income jumped 31% to a record $975 million.
RELATED CONTENT
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
All About the 2018 Honda Accord
The common wisdom seems to be that midsize cars have pretty much had it in the U.S. new car market.
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.