Lear

Lear Corp. engages in the design, manufacture and supply of automotive seats, electrical distribution systems and electronic modules, as well as related sub-systems, components, and software. It operates through the following segments: Seating and E-Systems. The Seating segment consists of the design, engineering, just-in-time assembly and delivery of complete seat systems, as well as the manufacture of all major seat components, including seat covers and surface materials such as leather and fabric, seat structures and mechanisms, seat foam and headrests. The E-System segment engages in the design, development, engineering and manufacture of electrical distribution systems, as well as electronic control modules, electrification products, connectivity products and software solutions for the cloud, vehicles and mobile devices. The company was founded in 1917 and is headquartered in Southfield, MI.

Earnings data Q1 2021

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Earnings data Q4 2024

Lear (LEA) posts strong Q4 results, eyes EV growth opportunities

Lear (LEA) reported strong financial performance in Q4 2022 and full-year 2022, driven by revenue growth, operational improvements, and strategic acquisitions.
The company's focus on market trends, innovation, and efficiency enhancements positions it well for sustained success and profitability in the future.
While facing challenges such as chip shortages and labor costs, Lear's strategic initiatives, robust backlog, and growth opportunities signal a positive outlook.
With a clear roadmap for margin expansion, focus on EV market trends, and readiness for capacity expansion, Lear is poised for continued growth and market leadership.

Lear Corporation reports robust Q1 earnings, eyes revenue growth

Lear's strong start in Q1 2023 showcases revenue and earnings growth, bolstered by strategic acquisitions and innovative product development. While challenges like global macro uncertainties persist, the company's focus on cost management and customer negotiations positions it well for future profitability and margin expansion.

Lear (LEA) reports stellar Q2 results, eyes growth amid challenges

Lear (LEA) delivered strong financial results in Q2 2023, focusing on technological advancements, partnerships, and returning value to shareholders. While facing challenges from lower volumes and margin impacts, the company remains optimistic about the second half of the year and opportunities for growth.

Lear Corporation excels in Q3 2023 amidst industry challenges

Lear's strong Q3 performance reflects growth across key financial metrics and industry recognition.
While challenges like the UAW strike and wage inflation persist, the company is focused on mitigating risks.
Opportunities lie in expanding sales, optimizing operations, and meeting customer demands with innovative products.

Lear reports record revenue and earnings growth, addresses inflation challenges

Lear Corporation delivered strong financial performance in Q4 2023, with record revenue and earnings growth.
While facing challenges like wage inflation and backlog adjustments, Lear is focused on automation and cost-saving initiatives.
The company's strategic acquisitions, sustainable product focus, and revenue growth projections present promising opportunities.
Overall, Lear's balanced approach to addressing challenges and leveraging growth opportunities positions it well for the future.

Lear reports strong Q1 earnings, focuses on automation and growth

Lear Corporation's Q1 2024 performance reflects growth in revenue and earnings, driven by operational efficiency and strategic investments in automation. While facing challenges in commercial negotiations, the company remains focused on sustainable deals and operational improvements. Opportunities lie in expanding thermal comfort solutions, new product launches, and participation in the shift to zonal architectures.

Lear Corporation excels in Q2 2024, eyes global automation growth

Lear's Q2 performance reflects robust financial health and strategic growth initiatives across key business segments.
Despite challenges in meeting revenue targets and operational adjustments, Lear's focus on innovation and efficiency remains strong.
Opportunities for expansion and market leadership exist through global automation trends and revenue growth projections.

Lear Corporation excels in Q3, eyes growth in China

Lear Corporation's Q3 performance reflects strong revenue growth, driven by new business wins and market outperformance. The company's focus on innovation, cost optimization, and strategic partnerships positions it well for long-term success. Lear must navigate industry challenges while seizing growth opportunities to maintain its competitive edge.

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SOUTHFIELD, Mich., March 9, 2022 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive-technology leader in Seating and E-Systems, today announced that it has been selected by General Motors to supply front and rear seats to the 2024 Chevrolet Silverado EV pickup.

Lear Selected as Supplier for 2024 Chevrolet Silverado EV

SOUTHFIELD, Mich., Feb. 28, 2022 /PRNewswire/ -- February 28, 2022 /PRNewswire/ – Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced it has completed the acquisition of substantially all of Kongsberg Automotive's Interior Comfort Systems (ICS) business unit.

Lear Completes Acquisition of Kongsberg Automotive's Interior Comfort Systems Business Unit

Morgan Stanley analyst Adam Jonas downgraded Lear Corp (NYSE: LEA) to Equal Weight from Overweight with a price target of $175, down from $200, implying a 10% upside. Jonas noted, along with its Q4 report, the company gave revenue, operating income, and EBITDA guidance that were all.

Read Why Morgan Stanley Downgraded This Auto Components Provider

Margins have deteriorated for three consecutive years.

Lear Corporation: Short-Term Pain, Long-Term Wealth

SOUTHFIELD, Mich., Feb. 16, 2022 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, will participate in a fireside chat on February 24, 2022, at the Wolfe Research Virtual Global Auto, Auto Tech & Mobility Conference.

Lear to Participate in Wolfe Research Virtual Global Auto, Auto Tech & Mobility Conference

Lear (LEA) beats earnings and sales estimates in Q4, but records year-over-year decline due to supply chain bottlenecks. It hikes cash dividend to the pre-pandemic level of 77 cents per share.

Lear's (LEA) Q4 Earnings & Sales Top Estimates, Down Y/Y

Lear Corporation (LEA) CEO Ray Scott on Q4 2021 Results - Earnings Call Transcript

Lear Corp  LEA reported a fourth-quarter FY21 sales decline of 7% year-on-year, to $4.88 billion, beating the analyst consensus of $4.72 billion. Global vehicle production decreased 13% Y/Y with North America down 15%, Europe down 26%, and China down 4%.

Lear Q4 Earnings Top Estimates; Warns On Uncertainties Over Semiconductor Shortages, Inflationary Pressures

Lear (LEA) delivered earnings and revenue surprises of 14.02% and 4.36%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Lear (LEA) Beats Q4 Earnings and Revenue Estimates

SOUTHFIELD, Mich., Feb. 8, 2022 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today reported results for the fourth quarter and full year 2021 and provided its financial outlook for the full year 2022.

Lear Reports Fourth Quarter and Full Year 2021 Results and Provides Full Year 2022 Outlook

SOUTHFIELD, Mich., Feb. 3, 2022 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, has been named to FORTUNE magazine's "World's Most Admired Companies" list for the sixth consecutive year.

Lear Named One of FORTUNE'S 2022 Most Admired Companies

Lear Corp (LEA) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Lear Corp (LEA) Might Surprise This Earnings Season

Lear (LEA) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Lear (LEA) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release

SOUTHFIELD, Mich., Jan. 25, 2022 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, will hold a conference call to review the company's fourth quarter and full year 2021 financial results and related matters on February 8, 2022, at 8:30 a.m.

Lear Announces Date for Fourth Quarter and Full Year 2021 Earnings Conference Call

SOUTHFIELD, Mich., Dec. 17, 2021 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, will participate in a fireside chat on January 5, 2022, at the virtual 20th Annual J.P.

Lear to Participate in 20th Annual J.P. Morgan Tech/Auto Forum

Lear (LEA) reported earnings 30 days ago. What's next for the stock?

Lear (LEA) Down 5.5% Since Last Earnings Report: Can It Rebound?

The semiconductor shortage is hitting the auto parts companies.

Bear of the Day: Lear Corp. (LEA)

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Dividend Increases: 14 Stocks That Have Doubled Their Payouts

SOUTHFIELD, Mich., Nov. 24, 2021 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, will participate in a fireside chat on December 2, 2021, at the virtual Credit Suisse 9th Annual Industrials Conference.

Lear to Participate in Credit Suisse 9th Annual Industrials Conference

SOUTHFIELD, Mich., Nov. 19, 2021 /PRNewswire/ -- Lear Corporation ("Lear", NYSE: LEA) announced today the Reference Yield and Total Consideration (each as summarized in the table below) to be paid in connection with the previously announced cash tender offer (the "Tender Offer") for up to $200,000,000 principal amount (the "Maximum Amount"), of its 3.800% Senior Notes due 2027 ("Notes").

Lear Corporation Announces Pricing of Tender Offer

SOUTHFIELD, Mich., Nov. 19, 2021 /PRNewswire/ -- Lear Corporation ("Lear", NYSE: LEA) announced today the early results of the previously announced cash tender offer (the "Tender Offer") for up to $200,000,000 (the "Maximum Amount") of its 3.800% Senior Notes due 2027 ("Notes").

Lear Corporation Announces Early Results of Previously Announced Cash Tender Offer

Lear Corp ((NYSE: LEA) Board has authorized a 54% increase in its quarterly cash dividend from $0.50 to $0.77 per share. The raised dividend is payable on December 29, 2021, to shareholders of record on December 10, 2021.

Lear Hikes Dividend By 54%

SOUTHFIELD, Mich., Nov. 18, 2021 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced that its Board of Directors has authorized an increase in the Company's quarterly cash dividend on the Company's common stock from $0.50 to $0.77 per share.

Lear Raises Quarterly Dividend to $0.77 per Share

SOUTHFIELD, Mich., Nov. 15, 2021 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced it will begin supplying its 4G/5G telecommunications unit in late 2022 to a global electric vehicle automaker to provide advanced connectivity and vehicle positioning solutions that assist driving and parking functions.

Lear to Supply Advanced Connectivity and Vehicle Positioning Solutions to Global Electric Vehicle Manufacturer

SOUTHFIELD, Mich., Nov. 4, 2021 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, announced today that it priced an underwritten public offering of $350 million in aggregate principal amount of 2.600% senior unsecured notes due 2032 and $350 million in aggregate principal amount of 3.550% senior unsecured notes due 2052.

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