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Lear Corporation LEA E-Systems — Expected restructuring costs

Other segment segments

Seating
$31M+29.2%

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Other financials

Income statement

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Revenue$5.8B+4.7%
Gross profit$450.3M+25.4%
Operating income$255.0M+40.4%
Net income$172.3M+114%
EPS (diluted)$3.34+124%

Balance sheet

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Cash & equivalents$884.5M+13.0%
Total debt$3.5B+0.5%
Total equity$5.1B+9.2%
Total assets$15.5B+5.7%

Cash flow

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Operating cash flow$98.1M+177%
CapEx$124.6M+19.8%
Free cash flow-$26.5M+88.6%

Valuation

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Market cap$8.34B+64.6%
Enterprise value$10.98B+42.2%
P/E15.8×+5.0×
P/S0.4×+0.1×

Profitability

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Gross margin6.8%-0.2pp
Operating margin3.7%
Net margin2.2%+0.2pp
FCF margin3.1%+1.0pp

Returns & leverage

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Return on equity10.8%+0.8pp
Debt / equity0.7×-0.1×
Current ratio1.3×0.0×

Where this comes from

Reported directly by Lear Corporation in its filing.

Tagged under the XBRL concept us-gaap:RestructuringAndRelatedCostExpectedCost1.

The source filing: Lear Corporation’s 10-Q, filed May 1, 2026.

Filed
May 1, 2026, 9:15 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000842162-26-000038

The Company expects to incur approximately $31 million and approximately $14 million of additional restructuring charges in its Seating and E-Systems segments, respectively, related to activities initiated as of April 4, 2026, and expects that the components of such costs will be consistent with its historical experience.

ITEM 1 — CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FAQ

What is Lear Corporation's e-systems — expected restructuring costs?
Lear Corporation (LEA) reported e-systems — expected restructuring costs of $14M in Q1 2026.
How has Lear Corporation's e-systems — expected restructuring costs changed year-over-year?
Lear Corporation's e-systems — expected restructuring costs decreased by 22.2% year-over-year, from $18M to $14M.
What is the long-term trend for Lear Corporation's e-systems — expected restructuring costs?
Over 2 years (2023 to 2025), Lear Corporation's e-systems — expected restructuring costs has grown at a 48.0% compound annual growth rate (CAGR), from $21M to $46M.
What does e-systems — expected restructuring costs mean?
This metric reflects the anticipated future financial obligations associated with planned restructuring activities within the E-Systems business unit. It serves as a forward-looking indicator of management's strategy to optimize the segment's cost structure and operational capacity.

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