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.