Lear Corporation Reports Second Quarter 2023 Net Income of $168.7 Million

Lear Corporation,(LEA) a leading automotive seating and electrical systems supplier, released its financial results for the second quarter of 2023, demonstrating a strong performance. The company reported a net income of $168.7 million during the quarter, showing a significant improvement compared to the same period in the previous year. Additionally, Lear's revenue surged to $5.99 billion, indicating robust sales and demand for its products in the automotive industry.

Net Income/Loss

Lear Corporation recorded a net income of $168.7 million for the second quarter of 2023. This impressive figure reflects the company's ability to capitalize on its market position and deliver strong financial results amidst challenging industry conditions.

Revenue