Lear Corp. raised its outlook for sales and earnings for the year after reporting record first-quarter results Thursday.

It was the for the auto seating and electronics supplier under new CEO Ray Scott, who was promoted to the job following the of Matt Simoncini.

The supplier said its financial results were helped by new business in its seating and electronics businesses, along with the $307 million acquisition of Grupo Antolin's seating business last April.

Lear, of suburban Detroit, topped analyst estimates, with adjusted earnings per share of $5.10. Analysts expected $4.91, according to Zacks Investment Research.

Lear's net income rose 16 percent to $353.7 million, from the same quarter a year ago. Revenue rose 15 percent to $5.73 billion.

The company raised its projections for annual sales by $400 million to between $21.8 billion and $22 billion. It now expects core earnings of $1.79 billion to $1.81 billion, up about $40 million.

Scott touted high expectations for new business for the supplier, which he said has 145 new seating program launches and 160 electronics launches planned this year. Seventy percent of those are on higher-profit pickups and SUVs, which have seen years of rising sales.

Sales rose 12 percent in Lear's seating segment and 24 percent in its E-Systems business, which focuses on connected-vehicle electronics.

"Our top priority is to capitalize on the significant growth opportunities in front of us while continuing to maintain our operational excellence, generate strong cash flow and deliver superior returns to our shareholders," Scott said in a statement.

Simoncini left the supplier after a six-year run highlighted by a turnaround that led Lear from the aftermath of a Chapter 11 bankruptcy to record sales and profits. The company's stock has risen 32 percent over the last year to hit $188.49.