Lear Stock Price, News & Analysis

Lear (NYSE: LEA), a global automotive technology leader, has announced its participation in the upcoming Wolfe Research Virtual Autos Summit on March 18, 2025. The company will be represented by President and CEO Ray Scott and SVP/CFO Jason Cardew in a virtual fireside chat.

The session is scheduled to begin at 10:00 AM EDT and will last approximately 40 minutes. Investors and interested parties can access the webcast through Lear's investor relations website at ir.lear.com.

Lear specializes in Seating and E-Systems, operating across 37 countries with a focus on innovation, operational excellence, and sustainability. The company, ranked 174 on the Fortune 500, is headquartered in Southfield, Michigan, and serves all major global automakers under their mission of 'Making every drive better™'.

Lear (NYSE: LEA) has appointed Julian Blissett, former Executive Vice President and President of GM China, to its Board of Directors. Blissett brings extensive global experience, including two decades of work in China, following a 28-year career at General Motors where he led significant growth in Chinese operations.

During his tenure at GM, Blissett progressed from an engineering role through various positions in operations, new business development, and executive leadership, with international assignments in the United Kingdom, Japan, and Poland. The appointment aims to contribute to Lear's continued growth and success in the automotive technology sector, where the company specializes in Seating and E-Systems.

Lear (NYSE: LEA), a global automotive technology leader, has announced its Board of Directors' declaration of a quarterly cash dividend of $0.77 per share on the Company's common stock. The dividend will be paid on March 26, 2025, to shareholders of record as of March 6, 2025.

Lear specializes in Seating and E-Systems, operating in 37 countries with a focus on innovation, operational excellence, and sustainability. The company serves major automakers worldwide and ranks 174 on the Fortune 500, working to provide technology for safer, smarter, and more comfortable journeys.

Lear (NYSE: LEA) reported its Q4 and full year 2024 results, showing mixed performance. Q4 revenue decreased to $5.7 billion from $5.8 billion year-over-year, with net income falling to $88 million from $127 million. Full-year 2024 revenue was $23.3 billion, down from $23.5 billion in 2023.

The company outperformed industry volume by 2 percentage points, with E-Systems showing 6 percentage points growth. Notable achievements include reducing global hourly headcount by 9% in Seating and 8% in E-Systems, and returning $574 million to shareholders through share repurchases and dividends. The company maintained strong liquidity with $1.1 billion in cash and total liquidity of $3.1 billion.

Looking ahead, Lear provided 2025 guidance with net sales projected between $21.875-22.875 billion and core operating earnings of $915-1,175 million. The company announced a two-year sales backlog of $1.3 billion for 2025-2026, though noting impacts from launch delays and lower electric vehicle program volumes.

Lear (NYSE: LEA) has announced a significant engineering integration with General Motors, set to begin in Q2 2025. The partnership centers on the ComfortMax Seat, an innovative seating technology that integrates thermal comfort features into trim covers.

The ComfortMax system delivers up to 40% faster heating and ventilation time-to-sensation and reduces part count by up to 50% through its intelligent modular design. The technology is part of Lear's Thermal Comfort Systems (TCS) portfolio, which includes ComfortFlex and FlexAir solutions.

This integration represents a significant advancement in automotive seating technology, combining improved occupant comfort with enhanced manufacturing efficiency. The partnership aims to deliver premium comfort and innovation to GM's customers while streamlining production processes.

Lear (NYSE: LEA) has acquired StoneShield Engineering, a privately held system integrator based in Portugal, specializing in automation technology for the wire harness industry. StoneShield's expertise includes robotics, automated taping applications, and high voltage harness assembly.

The acquisition aligns with Lear's IDEA (Innovative, Digital, Engineered and Automated) strategy and follows previous strategic acquisitions including WIP Industrial Automation, ASI Automation, Thagora Technology SRL, and InTouch Automation. This move aims to enhance Lear's E-Systems business automation capabilities and improve operational efficiency through advanced wire harness production technologies.

Lear has scheduled its fourth quarter and full year 2024 earnings conference call for February 6, 2025, at 9:00 a.m. EST. The company will review financial results and related matters during the call. Participants can join via a toll-free number (877-883-0383) or international line (412-902-6506) using conference code 1508209.

A live audio webcast will be available in listen-only mode on Lear's Investor Relations website, with a replay accessible two hours after the call. The Q4 and full year 2024 slide presentation will be available on the company's website before the earnings call begins.

Lear (NYSE: LEA), a global automotive technology leader, announces its participation in the Goldman Sachs Industrials and Materials Conference in New York on December 4, 2024. President and CEO Ray Scott and CFO Jason Cardew will represent the company in a fireside chat starting at 9:20 AM EST for approximately 35 minutes. The webcast will be accessible through Lear's investor relations website.

Lear specializes in Seating and E-Systems, operating in 38 countries with a focus on innovation, operational excellence, and sustainability. The company ranks 174 on the Fortune 500 and serves all major global automakers from its headquarters in Southfield, Michigan.

Lear (NYSE: LEA), a global automotive technology leader, has announced a quarterly cash dividend of $0.77 per share on the Company's common stock. The dividend will be paid on December 30, 2024, to shareholders of record as of December 11, 2024. Lear specializes in Seating and E-Systems, operates in 38 countries, and ranks 174 on the Fortune 500, focusing on providing technology for safer, smarter, and more comfortable vehicle experiences.