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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.
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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.
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