Lear — Feb 4, 2026 release

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 potentially misleading and not practical given the difficulty of projecting event-driven transactional and other non-core operating items in any future period. The magnitude of these items, however, may be significant. Fourth Quarter and Full Year 2025 Conference Call and Webcast Information A conference call and webcast will be held to discuss Lear’s fourth quarter and full year 2025 financial results and related matters on February 4, 2026, at 9:00 a.m. EST. The webcast link for the conference call will be available through Lear’s inv