Filing Flows › Lear (LEA) › Q1 2025
Lear (LEA) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Lear (LEA) reported revenue of $5.6B for the first quarter 2025 (Q1 2025), -7% from a year earlier and -3% from the quarter before. Operating margin was 3.3%, net earnings $80.7M (1.5% of revenue).
Lear, Q1 2025: revenue $5.6B (-7% year over year), operating margin 3.3%, net earnings $80.7M, operating cash flow −$128M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.6B | -3% | -7% |
| Gross profit | $359M | -7% | -10% |
| Operating profit | $182M | -13% | -8% |
| Net earnings | $80.7M | -8% | -26% |
| Operating cash flow | −$128M | — | — |
What changed
Revenue was $5.6B in Q1 2025, down 7% year over year and down 3% from the previous quarter. Seating was the largest line at 75% of revenue. Seating lost $0.33B year over year (down 7%), 75% of the total change.
Gross margin was 6.5%, down 0.2 points from a year earlier. Operating profit was $0.18B, a 3.3% margin (unchanged year over year). Operating expenses fell 12% while revenue fell 7%. Net earnings were $0.08B, down 26% year over year. The effective tax rate was 30.6%.
Operating cash flow was −$0.13B. Non-cash charges added back $0.15B of depreciation and amortization. Working capital and other items used $0.38B. Capital expenditures of $0.10B exceeded it, leaving free cash flow of −$0.23B.
Questions
What was Lear's revenue in the first quarter 2025?
Lear (LEA) reported revenue of $5.6B for the first quarter 2025 (Q1 2025), -7% from a year earlier and -3% from the quarter before.
Was Lear profitable in the first quarter 2025?
Operating profit was $182M (3.3% of revenue) and net earnings $80.7M.
Source: Lear 10-Q on SEC EDGAR.