Lear grows earnings and net income in Q1, increases full-year guidance

Financial results

Net income reaches USD248 million

Global automotive supplier Lear has reported a record first quarter core operating earnings of USD387 million, up 32% from the same quarter of 2015, according to a company statement. Sales reached USD4.7 billion, up from USD4.5 billion a year earlier, and the company reported a record core operating margin of 8.3%, compared with 6.5% in the first quarter of 2015.

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