Manufacturing

Lear net income rallies to $118M in Q4 despite continued production issues

Ray Scott headshot_221011_LEARCorporationCEOPortrait-04_i.jpg
CEO Ray Scott: "We expect to benefit from continued industry volume recoveries, stabilization of production and higher (vehicle) content as EVs continue to displace traditional ICE vehicles." (Nic Antaya/For Crain’s Detroit Business D)
KN
By:
Kurt Nagl
CD
By:
Crain's Detroit Business
|
February 02, 2023 06:54 PM

Lear Corp.'s adjusted net income increased four-fold in the fourth quarter to $118 million, capping a year of steady financial improvement as market constraints ease — for the most part.

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