Lear Corp

These actions, combined with our disciplined capital allocation, enable us to repurchase shares and maintain our dividend while advancing our leadership in innovation and quality.

SEC original ↗Lear Corp — Earnings release (8-K exhibit)EX-99Oct 31, 2025

Share Repurchase Program During the third quarter of 2025, Lear repurchased 968,884 shares of our common stock for a total of $100 million.

SEC original ↗Lear Corp — Earnings release (8-K exhibit)EX-99Oct 31, 2025

At the end of the third quarter, we had a remaining share repurchase authorization of approximately $0.9 billion, which reflects approximately 17% of our total market capitalization at current market prices.

SEC original ↗Lear Corp — Earnings release (8-K exhibit)EX-99Oct 31, 2025

Since initiating the share repurchase program in 2011, we have repurchased 60.6 million shares of our common stock for a total of $5.7 billion at an average price of $94.68 per share.

SEC original ↗Lear Corp — Earnings release (8-K exhibit)EX-99Oct 31, 2025

Free cash flow represents net cash provided by operating activities, less capital expenditures.

SEC original ↗Lear Corp — Earnings release (8-K exhibit)EX-99Oct 31, 2025

Management believes that free cash flow is useful to both management and investors in their analysis of the Company s ability to service and repay its debt.

SEC original ↗Lear Corp — Earnings release (8-K exhibit)EX-99Oct 31, 2025

Our strategic investments in automation, digital tools and restructuring are driving operational excellence and positioning us for sustainable margin improvement.

SEC original ↗Lear Corp — Earnings release (8-K exhibit)EX-99Oct 31, 2025

or foreign policies regarding trade, including tariffs and export restrictions and any changes to tariffs or export restrictions, any resulting volume reductions or changes in vehicle production schedules by our customers, the duration and scope of the government shutdown and any other industry disruptions, supply chain disruptions, labor disruptions, commodity prices, changes in foreign exchange rates, the impact of restructuring actions and the Company's success in implementing its operating strategy.

SEC original ↗Lear Corp — Earnings release (8-K exhibit)EX-99Oct 31, 2025

Excluding the impact of commodities, foreign exchange, tariff recoveries, and acquisitions and divestitures, sales were down 1%, reflecting lower production on key Lear platforms and the winddown of our non-core products, partially offset by the addition of new business in both of our business segments.

SEC original ↗Lear Corp — Earnings release (8-K exhibit)EX-99Oct 31, 2025

Our outlook excludes any future impact of potential changes to tariffs or Company and industry-wide production disruptions due to supplier export constraints Full Year 2025 Financial Outlook Net Sales $22,850 million - $23,150 million Core Operating Earnings $995 million - $1,055 million Adjusted EBITDA $1,605 million - $1,665 million Restructuring Costs $235 million Operating Cash Flow $1,035 million - $1,085 million Capital Spending $560 million Free Cash Flow $475 million - $525 million 3 The financial outlook is based on a full year average exchange rate of $1.13 Euro and 7.21 RMB $.

SEC original ↗Lear Corp — Earnings release (8-K exhibit)EX-99Oct 31, 2025

or foreign policies regarding trade, including tariffs and export restrictions and any changes to tariffs or export restrictions, any resulting volume reductions or changes in vehicle production schedules by our customers, the duration and scope of the government shutdown and any other industry disruptions, supply chain disruptions, labor disruptions, commodity prices, changes in foreign exchange rates, the impact of restructuring actions and the Company's success in implementing its operating strategy.

SEC original ↗Lear Corp — Earnings release (8-K exhibit)EX-99Oct 31, 2025

Delivered revenue — prior quarter passage and this quarter's passage are both cited.

SEC original ↗Lear Corp — Earnings release (8-K exhibit)EX-99Oct 31, 2025

Net income — prior quarter passage and this quarter's passage are both cited.

SEC original ↗Lear Corp — Earnings release (8-K exhibit)EX-99Oct 31, 2025

EPS — prior quarter passage and this quarter's passage are both cited.

SEC original ↗Lear Corp — Earnings release (8-K exhibit)EX-99Oct 31, 2025