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Lear Q2 operating earnings escalate 23% to $275mn

25 Jul '14
5 min read

Pretax income before restructuring costs and other special items is estimated to be in the range of $910 to $960 million.  Tax expense, excluding the impact of restructuring costs and other special items, is expected to be in the range of $270 to $285 million.  Adjusted net income attributable to Lear is expected to be in the range of $610 to $645 million.  

Pretax operational restructuring costs are expected to be approximately $90 million, up $25 million from the prior outlook, reflecting plant consolidations in Europe and other census related actions.  The outlook for capital spending and depreciation and amortization expense is unchanged at approximately $450 million and $310 million, respectively.  
 

Lear Corporation

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