Emmanuel Rosner
Wolfe Research, LLC

A session with Lear as part of Wolfe Research Autos and Mobility Conference. My name is Emmanuel Rosner. I'm the lead autos analyst here at Wolfe Research. I'm extremely pleased to have with me today, Lear's CEO, Ray Scott; and Lear's CFO, Jason Cardew.

Lear, as you all know, is one of the leading global Tier 1 suppliers built around two main businesses, Seating, where Lear is a clear market leader, and E-Systems, which is the electrical and electronic distribution arm. Lear is also at the forefront of leveraging AI and automation, driving significant cost efficiencies. And it has had a strong start to the year, a record run of conquest wins across both segments and a full year outlook that the team has so far left unchanged. So to discuss these dynamics and more, thank you so much for being with us. I look forward to the conversation.

Raymond Scott
President, CEO & Director

Yes. Thanks, Emmanuel. It's great to be here.

Emmanuel Rosner
Wolfe Research, LLC

Maybe as we begin, Ray, can you give us a general update on the business?

Raymond Scott
President, CEO & Director

Yes. Well, Emmanuel, we just had a town hall meeting yesterday because I really wanted to discuss with the team and say thank you to the team for all the things that we've accomplished. It's hard to believe it's 6 months into this year. But we had a good first quarter. Obviously, we're in a position to have a solid second quarter. We're in a really good position financially. But I think what's