Lear — Feb 4, 2026 release

Seat Quality and Satisfaction Study SM — more than any other seating competitor for the third consecutive year • Received a record 11 quality awards in E-Systems, demonstrating the success of our multi-year operational efficiency and quality improvement initiatives across our manufacturing facilities • Won a 2025 Automotive News PACE award for our innovative Zone Control Module featuring a highly configurable software solution • Acquired StoneShield Engineering to enhance our IDEA by Lear TM advanced automation capabilities, improving our wire harness production efficiency in E-Systems “Despite lower volume in our two key markets, Lear finished 2025 with significant momentum, delivering record operating performance and our fifth consecutive year of adjusted earnings per share growth while securing approximately $1.4 billion of E-Systems business awards and the largest seating conquest award in our history, positioning us for sustained future growth,” said Ray Scott, Lear’s President and Chief Executive Officer. “In 2026, our expanded automation and AI leadership, combined with cost savings from restructuring actions, will be catalysts for margin expansion in both segments. Our strong cash generation outlook and healthy balance sheet enables us to continue delivering enhanced returns to our investors through share repurchases and dividends.” Fourth Quarter Financial Results (in millions, except per share amounts) 2025 2024 Reported Sales $ 5,988.6  $ 5,714.6  Net income $ 82.7  $ 88.1  Earnings per share $ 1.58  $ 1.61  2 Adjusted (1) Core operating earnings $ 258.6  $ 257.7  Adjusted net income $ 179.2  $ 161.0  Adjusted earnings per share $ 3.41  $ 2.94  In the fourth quarter, global vehicle production was up 1% compared to a year ago, with North America flat, Europe down 2% and China up 2%. Global vehicle production was up 1% on a Lear sales-weighted basis (2) . Sales in the fourth quarter were $6.0 billion, up 5% year-over-year. Excluding the impact of commodities, foreign exchange, tariff recoveries, and acquisitions and divestitures, sales were up 2%, reflecting the addition of new business in both of our business segments and the impact from commercial recoveries, partially offset by lower production on key Lear platforms. Core operating earnings were $259 million, or 4.3% of sales, as compared to $258 million, or 4.5% of sales, in 2024. Earn