Lear Corporation (NYSE:LEA) Q1 2022 Earnings Conference Call May 3, 2022 8:30 AM ET

Company Participants

Ray Scott – President, Chief Executive Officer

Jason Cardew – Senior Vice President, Chief Financial Officer

Ed Lowenfeld – Vice President Investor Relations

Conference Call Participants

Colin Langan – Wells Fargo

Rod Lache – Wolfe Research

Emmanuel Rosner – Deutsche Bank

Dan Levy – Credit Suisse

John Murphy – Bank of America

Operator

Good morning, everyone, and welcome to the Lear Corporation First Quarter Earnings Conference Call. [Operator Instructions]. After today's presentation, there will be an opportunity to ask questions. Please also note today's event is being recorded. At this time, I would like to turn the conference call over to Ed Lowenfeld, Vice President Investor Relations. Sir, please go ahead.

Ed Lowenfeld

Thanks Jamie. Good morning, everyone and thanks for joining us for Lear's First Quarter 2022 Earnings Call. Presenting today are Ray Scott, Lear President and CEO, and Jason Cardew, Senior Vice President and CFO. Other members of Lear's senior management team have also joined us on the call. Following prepared remarks, we will open the call for Q&A. You can find a copy of the presentation that accompanies these remarks at ir.lear.com. Before Ray begins, I'd like to take this opportunity to remind you that, as we conduct this call, we will be making forward-looking statements to assist you in understanding Lear's expectations for the future. As detailed in our safe harbor statement on slide 2, our actual results could differ materially from these forward-looking statements due to many factors discussed in our latest 10-Q and other periodic reports. I also want to remind you that during today's presentation, we will refer to non-GAAP financial metrics. You are directed to the slides in the appendix of our presentation for the reconciliation of non-GAAP items to the most directly comparable GAAP measures. The agenda for today's call is on slide 3.

First, Ray will review highlights from the quarter and provide a business update. Next, Jason will provide an update on the progress we've made in electrification before reviewing our first quarter financial results and our full-year '22 outlook. Finally, Ray will offer some concluding remarks. Following the formal presentation, we will be happy to take your questions. Now I would like to invite Ray to begin.

Ray Scott

Thanks, Ed. Good morning, everyone. Before I begin, I want to take a brief moment to extend my sympathies to all those impacted by the devastating war in Ukraine. We've contributed to the Red Cross to support medical relief efforts and we'll continue to provide support for our employees impacted by this war. I am so proud of Lear team who have provided much needed support to many of those impacted by the war.