Lear Investor Day: Company Positioned For Continued Profitable Growth

Lear Investor Day: Company Positioned For Continued Profitable Growth

Sales are projected to reach more than $30 billion by 2023 with average growth of around 7 percent per year.

Lear Corp., a global supplier of automotive seating and electrical systems, yesterday hosted an Investor Day at its Global Product and Technology Center in Southfield, Michigan. At the event, the Lear team outlined plans to leverage its unique product capabilities to profitably grow sales in both business segments. The company also reviewed opportunities to leverage its E-Systems electronics and software capabilities to offer industry leading seating innovations.

Ray Scott, Lear’s president and CEO, commented, “Lear is in the strongest competitive position in its 100-year history, at a time when industry trends, such as electrification, connectivity and mobility, are driving tremendous growth opportunities. This is truly an exciting time in the automotive industry, and Lear is positioned to accelerate our growth, improve our earnings and continue to deliver superior shareholder returns.”

During the meeting, Lear outlined growth opportunities that the company said would increase total sales from $22 billion this year to more than $30 billion in 2023 while increasing core operating margins. Lear’s product segment presidents, Frank Orsini for Seating, and Jeneanne Hanley for E-Systems, provided detailed reviews of their unique product and process capabilities that will drive future growth.  In addition, Lear formally introduced its new chief technology officer, John Absmeier, to the investment community.

All of the presentations from the Investor Day are now posted on Lear’s website at lear.com.

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