Lear reported October 30 that third-quarter net income increased to $136.6 million from $108.2 million a year earlier, as the automotive seating and electrical-systems supplier posted higher sales.
Revenue rose approximately 2% to $5.773 billion. Diluted earnings per share increased to $2.74 from $2.02, reflecting both higher earnings and share repurchases.
Adjusted net income, which excludes specified items, increased to $185.0 million from $149.8 million. Core operating earnings, another adjusted measure, rose to $255.7 million from $241.1 million.
Cash generation weakened. Operating cash flow fell to $329 million from $444 million. Free cash flow declined to $158 million from $307 million.
Lear said it repurchased $175 million of shares during the quarter, reaching its $350 million full-year target. It also paid $38 million in dividends.
The company described new seating awards involving Mahindra & Mahindra and BYD, among other customers. Its Orion, Michigan, seating facility remains scheduled to launch early next year.
Lear ended the quarter with $889 million in cash and equivalents and approximately $2.9 billion in total liquidity.
Sources: Lear — October 30 Results Announcement: https://www.prnewswire.com/news-releases/lear-reports-third-quarter-2026-results-year-over-year-growth-in-revenue-core-operating-earnings-net-income-and-earnings-per-share-302924380.html