Sees FY24 adjusted EBITDA $1.8B-$1.95B. Sees FY24 capital spending $675M. Sees FY24 free cash flow $600M-$750M. The company said, “At the midpoint of our guidance range, we have assumed that global industry production will be 1% lower than in 2023. The industry volume assumptions underlying Lear’s 2024 financial outlook are derived from several sources, including internal estimates, customer production schedules and the most recent S&P Global Mobility production estimates for Lear’s vehicle platforms.”
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