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Suppliers Legacy

Lear lost $170M due to UAW strike, but financial outlook is brighter

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Southfield, Mich.'s Lear Corp. reported adjusted earnings per share of $2.87 in the third quarter, which is 23 percent more than the year prior. (Nic Antaya\/Crain’s Detroit Business)
KN
By:
Kurt Nagl
CD
By:
Crain's Detroit Business
|
October 26, 2023 06:13 PM

Lear Corp. achieved increased sales and margins — and a brighter financial outlook — in the third quarter, despite a $170 million hit from the UAW strike and electric vehicle launch delays from customers.

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