Lear — Feb 4, 2026 release

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 $1.16/Euro and 7.10 RMB/$. Certain of the forward-looking financial measures above are provided on a non-GAAP basis. The Company does not provide a reconciliation of such forward-looking measures to the most directly comparable financial measures calculated and presented in accordance with GAAP because to do so would be potential