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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 6.01B | 0.8% |
Gross Profit | 259M | 132.9% |
Cost of Revenue | 5.75B | 1.7% |
Operating expense | 188M | 26.3% |
Net Income | 173M | 57.9% |
EBITDA | 274M | 43% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 14.7B | 1.3% |
Total Liabilities | 9.88B | 1% |
Total Equity | 4.8B | 1.9% |
Shares Outstanding | 57M | 0.6% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 291M | 941.6% |
Cash from investing | -119M | 7.3% |
Cash from financing | -147M | 41.6% |
EPS
Financial Highlights for Lear in Q2 '24
Lear reported a revenue of 6.01B, which is a 0.8% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 259M, marking a 132.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 5.75B, a -1.7% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 188M, showing a -26.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 173M, showing a 57.9% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 274M, showing a 43% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Lear with growth in revenue, gross profit, and net income.