Lear’s FY 2024 net income declines 11.5% year over year to $506.6 million amid marginal drop in sales

Briefing
Financial results

The US-based automotive seating and e-systems supplier forecasts financial year 2025 net sales ranging from $21.9 billion to $22.9 billion

Lear has reported an 11.5% year-over-year decline in net income to $506.6 million in the financial year ended Dec. 31, 2024, as net sales fell marginally to $23.3 billion.

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