Lear Corp., the worlds largest supplier of automotive interior systems, on Thursday reported a record $4.3 billion in revenue for the second quarter, which ended June 30. Thats up 4 percent from last year.
Southfield, Mich.-based Lear also posted net income of $116.1 million or $1.65 a share, compared with $1.54 in 2003.
Lear estimates that the third quarter will see a 9 percent revenue increase over a year ago. For the year, it expects revenue to rise to $16.8 billion from $15.7 billion in 2003.
Scott Pacheco writes for Crain's Detroit Business, a sister publication to Automotive News.