Lear — Oct 24, 2024 release

This represents a reduction of approximately 55% of our shares outstanding since the time we began the program. 2024 Financial Outlook Our 2024 financial outlook, adjusted for the changes to our outlook for global production and its impact on our business, is summarized below: Full Year 2024 Financial Outlook Net Sales $22,950 million - $23,150 million Core Operating Earnings $1,040 million - $1,090 million Adjusted EBITDA $1,670 million - $1,720 million Restructuring Costs ≈$150 million Operating Cash Flow $1,110 million - $1,160 million Capital Spending ≈$575 million Free Cash Flow $535 million - $585 million The financial outlook is based on a full year average exchange rate of $1.085/Euro and 7.20 RMB/$. 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 3 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. Third Quarter 2024 Conference Call and Webcast Information A conference call and webcast will be held to discuss Lear’s third quarter 2024 financial results and related matters on October 24, 2024, at 8:00 a.m. EDT. The webcast link for the conference call will be available through Lear’s investor relations webpage at