Adjusted earnings per share were $3.47, and operating cash flow was $296 million, generally in line with Q2 2024.
E-Systems segment sales were $1.6 billion, down 1% from 2024, with adjusted operating margins of 4.9%.
Lear Corporation delivered $6 billion of revenue in Q2 2025, with core operating earnings of $292 million and a total company operating margin of 4.8%.
Operating cash flow improved slightly compared to last year, driven by working capital improvements despite lower core operating earnings.
Sales were flat year-over-year at $6 billion, excluding foreign exchange and other impacts, sales were down 1%.
Seating segment sales were $4.5 billion, up 1% from 2024, with adjusted operating margins of 6.7%.
The company repurchased $25 million of shares in Q2 and $50 million in the first half, maintaining a dividend of $0.77 per share.
Cash from operations was $60 million, up 47%, with net debt at $204 million and credit availability of $515 million.
Corporate operating expenses increased to $15.7 million from $10.1 million, mainly due to higher post-retirement and stock compensation costs.
Dividends of $0.14 per share were paid, and $20 million of shares were repurchased during the quarter.
Environmental Solutions Group (ESG) net sales grew 18% to $481 million, operating income up 26%, and adjusted EBITDA margin improved by 150 basis points to 23.1%.
Federal Signal delivered 15% year-over-year net sales growth to $565 million in Q2 2025, with organic sales growth of 9%.
GAAP diluted EPS was $1.16, up 17%, and adjusted EPS was $1.17, up 23% year-over-year.
Gross margin improved by 60 basis points to 30%, and selling, engineering, general and administrative expenses decreased slightly as a percentage of sales.
Operating income increased 20% to $97.7 million, and adjusted EBITDA rose 21% to $118.2 million, with a margin expansion of 100 basis points to 20.9%.
Orders reached $540 million, a 14% increase, with backlog at $1.08 billion, slightly up from last year.
Safety and Security Systems Group (SSG) net sales increased 3% to $84 million, operating income up 17%, and adjusted EBITDA margin rose 320 basis points to 26.9%.
Dafinchi