LEA · Lear Corporation
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The results suggest Lear is gaining sales even as automakers build fewer vehicles worldwide. New business awards and cash from operations add support, and share repurchases helped lift per-share profit. Production cuts, especially in China, could pressure results, but Lear said execution and savings support its full-year operating-profit outlook. The finance chief is retiring, and a long-time Lear executive is set to take over.