Lear — Feb 4, 2026 release

Since initiating the share repurchase program in 2011, we have repurchased 62.2 million shares of our common stock for a total of $5.9 billion at an average price of $95.01 per share. This represents a reduction of approximately 59% of our shares outstanding since the time we began the program. 2026-2027 Sales Backlog The consolidated two-year 2026-2027 core sales backlog is $1.325 billion and will drive continued global revenue growth and sales diversification. The core sales backlog excludes the impact of non-core products winding down in our E-Systems segment. 4 2026 Financial Outlook At the midpoint of our guidance range, we have assumed that global industry production will be 1% lower than in 2025 on a Lear sales-weighted basis. The industry volume assumptions underlying our 2026 financial outlook are derived from several sources, including internal estimates, customer production schedules and the most recent S&P Global Mobility production estimates for our vehicle platforms. Our outlook excludes any future impact of potential changes to tariffs or Company and industry-wide production disruptions. Our 2026 financial outlook is summarized below: Full Year 2026 Financial Outlook Net Sales $23,210 million - $24,010 million Core Operating Earnings $1,030 million - $1,200 million Adjusted EBITDA $1,650 million - $1,820 million Restructuring Costs ≈$175 million Operating Cash Flow $1,210 million - $1,310 million Capital Spending ≈$660 million Free Cash Flow $550 million - $650 million The financial outlook is based on a full year average exchange rate of $1.16/Euro a