Smart investments boost Lear sales - leatherbiz: Leading news site for Leatherbiz

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Smart investments boost Lear sales

27/10/2016
Automotive seating supplier Lear Corporation has reported record sales of $4.5 billion in the third quarter of 2016 on the back of strong performance from its two key business segments.

Revenue from the seating segment increased 5% to $3.5 billion. There was also growth in its E-Systems business, with sales up 4% to $1.0 billion.

"Our sales and earnings growth reflect the investments that we have made to strengthen our product capabilities and improve our cost structure,” said Matt Simoncini, Lear’s president and CEO. 

Lear said it expects total sales for 2016 to be $18.6 billion.

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