LEAR Q2 06

This document provides a summary of Lear Corporation's second quarter 2006 financial results and full-year 2006 financial guidance. Some key points include: - Second quarter results showed year-over-year improvement and full-year earnings guidance was unchanged. - Lear signed an agreement to contribute its European Interiors business to a joint venture, which will result in a $40 million loss being recorded in the third quarter. - Seating segment earnings improved due to strong new business globally and improved Asian profitability. Electronic and Electrical earnings declined due to higher commodity costs and competitive pricing pressure. - Overall results were positively impacted by new program launches, but negatively impacted by lower North American production volumes and unf