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Lear lowers FY24 revenue view to $23.23B-$23.67B from $24B-$24.6B

Consensus $23.95B. Cuts FY24 adjusted EBITDA view to $1.67B-$1.84B from $1.8B-$1.95B. Sees FY24 capital spending $650M. The company said, “Our 2024 financial outlook, adjusted for the changes to our outlook for global production and its impact on our business.”

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