SOUTHFIELD, Mich. (July 20)—Lear Corp. reported a rise in second quarter earnings of 21 percent over the like period 1999. For the term, the automotive interior and electronics supplier reported net sales of $3.8 billion, operating income of $246 million and net income of $102 million—or $1.53 per share. All were second-quarter records for the firm. Excluding non-recurring items, net income from April to June was $89 million, Lear said. Kenneth L. Way, Lear chairman and CEO, credited "strong internal growth as well as the benefits of (Lear´s) integrated acquisitions" for the strong showings.
Lear 2nd quarter earnings rise
Letter
to the
Editor
Rubber News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].