Lear (NYSE:LEA) signaled a major shift in its competitive positioning to close out 2025, securing a record-breaking haul of new business despite a flat global production environment.
The Southfield, Michigan-based supplier reported fourth-quarter revenue of $6 billion, a 5% increase over the previous year, even as full-year sales remained stable at $23.3 billion.
The company’s dual-track strategy—expanding its electronics "E-Systems" footprint while aggressively taking market share in seating—yielded significant milestones.
Lear booked approximately $1.4 billion in E-Systems awards for the year, its highest annual total for the segment in over a decade.
In its core Seating business, the company recorded the largest "conquest" award in its history, a major truck program for a North American automaker previously held by a competitor.
The results marked the fifth consecutive year of adjusted earnings growth for the supplier, with full-year adjusted EPS reaching $12.80.
The record E-Systems bookings reflect Lear's push into zonal architectures and high-voltage power distribution, critical components as automakers transition to more complex electric vehicle (EV) designs.
The company’s "IDEA by Lear" initiative, which focuses on digital automation and AI in manufacturing, has been credited with defending margins as the industry grapples with labor costs and shifting production schedules.