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Recently, the component manufacturer Lear Group announced the financial report for the fourth quarter of 2011 and the full year of 2011.
For the full year of 2011, Lear’s sales totaled 14.2 billion U.S. dollars, an increase of 18% year-on-year; core operating profit was 787 million U.S. dollars, up 25% year-on-year; net diluted earnings per share were 5.08 U.S. dollars; free cash flow was 461 million U.S. dollars .
In the fourth quarter of 2011, Lear’s sales were US$3.5 billion, an increase of 11% over the previous year; core operating profit was US$176 million, a year-on-year increase of 17%; diluted net profit per share was US$1.03; free cash flow was 192 million. Dollars.
Lear expects the company's sales to reach from $13.85 billion to $14.35 billion in 2012; core operating profit from $740 million to $790 million; and free cash flow to $275 million.
About Lear:
Founded in 1917 in Detroit, USA, Lear Corporation is headquartered in Michigan, USA, and is the world's fifth-largest auto parts supplier. It has 330 branch offices in 32 countries. The company focuses on the design, manufacture and integration of automotive seating systems, dashboards, door panels, roof top systems, car carpets and sound systems, electronics and power distribution systems. In 2006 fiscal year, sales revenue was 17.4 billion U.S. dollars and there were 130,000 employees worldwide.