Lear — May 1, 2026 release

Since initiating the share repurchase program in 2011, we have repurchased 62.8 million shares of our common stock for a total of $6.0 billion at an average price of $95.25 per share. This represents a reduction of approximately 60% of our shares outstanding since the time we began the program . 2026 Financial Outlook We have maintained our financial outlook for 2026 across all metrics. At the midpoint of our guidance range, we have assumed that global industry production will be approximately 2% 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 or 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 $1.17/Euro and 6.91 RMB/$. 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 t