Lear Corp.’s Chairman, Chief Executive Officer and President, Bob Rossiter stated in earnings conference call that the company is looking at growth opportunities, which can be organic growth or through acquisitions. He said that acquisition is a quick and easy way to do things, but it's difficult. He thinks that there is opportunity but finds ways from a joint venture standpoint to help the company grow. Rossiter also said that the company is always open to opportunities but does not want to be leveraged as it was in the past.

Lear Corp. reported earnings results for the third quarter ended October 3, 2009. The company reported third-quarter profit of $24.6 million or 32 cents per share compared with a loss in the year-earlier period of $98.2 million or $1.27 per share. Revenue in the three months ended Oct. 3 fell to $2.55 billion from $3.13 billion. The company reported third-quarter positive free cash flow of $133.3 million. The company provided sales guidance for the year 2009. The company expects sales will total $9.5 billion, well below last year's results. Lear forecast negative free cash flow this year of about $275 million.

Lear Corp., Q3 2009 Earnings Call, Nov-11-2009