'Solid start' as Lear weighs uncertainty
Seating manufacturer Lear has reported first-quarter revenues of $5.6 billion and income of $81 million, compared with $6 billion and $110 million respectively in the first quarter of 2025.
However, CEO Ray Scott described it as a solid start as the group accelerated operational improvement plans, leading to higher year-over-year margins.
He conceded global tariffs have created uncertainty for the automotive industry, making it difficult to forecast global production and impacting the cost structure of the supply chain.
He added: “As the largest automotive supplier incorporated in the United States, Lear is working closely with our customers, suppliers and the administration to ensure we maintain our long-term competitiveness and deliver strong financial returns. We continue to effectively manage the near-term challenges while winning new business and investing in automation and restructuring to further improve margins and extend our leadership position in operational excellence.”
