Welcome to our dedicated page for Lear news (Ticker: LEA), a resource for investors and traders seeking the latest updates and insights on Lear stock.
Lear Corporation (NYSE: LEA) is a global automotive technology company specializing in Seating and E-Systems for the world’s major automakers. This news page aggregates company announcements, financial updates, and other disclosures that help investors and industry followers track developments affecting LEA stock and Lear’s role in the automotive supply chain.
Readers can find earnings-related news, including quarterly and full-year results, updates to financial outlook, and details on segment performance in Seating and E-Systems. Lear frequently issues press releases in connection with its earnings conference calls, where management discusses results, margins, cash flow, and non-GAAP measures such as core operating earnings, adjusted EBITDA, and free cash flow.
The feed also includes capital allocation and corporate actions, such as announcements of quarterly cash dividends on Lear common stock and activity under the company’s share repurchase program. These items provide insight into how Lear balances returning capital to shareholders with funding its operations and investments.
Another key category is strategic and operational updates. Lear reports on its participation in investor conferences, its multi-year partnership with Palantir Technologies, and the expansion of the IDEA by Lear transformation program, which uses digital and AI tools to improve efficiency across manufacturing and administrative functions. The company also highlights customer awards, quality recognitions, and new business wins in Seating and E-Systems.
For anyone following the automotive manufacturing and technology space, this page offers a centralized view of Lear’s official news flow. Investors, analysts, and industry observers can use it to monitor how Lear’s Seating and E-Systems businesses evolve over time and how management communicates performance, strategy, and recognition from customers and third parties.
Lear Corporation (NYSE: LEA), an automotive technology leader, announced a quarterly cash dividend of $0.77 per share on February 18, 2022. This dividend will be payable on March 30, 2022 to shareholders on record as of March 11, 2022. Additionally, the company revealed the date for its 2022 Annual Stockholders Meeting on May 19, 2022, to be held via a virtual web conference. The record date for voting eligibility is March 25, 2022.
Lear Corporation (NYSE: LEA), a leader in automotive technology, will participate in a fireside chat at the Wolfe Research Virtual Global Auto, Auto Tech & Mobility Conference on February 24, 2022. The chat will feature Ray Scott, President and CEO, and Jason Cardew, Senior Vice President and CFO. The webcast starts at 10:10 AM EST and will last approximately 35 minutes. Interested parties can access the webcast through Lear's website. Lear is headquartered in Southfield, Michigan and serves major automakers worldwide.
Lear Corporation (NYSE: LEA) reported a 7% decline in Q4 2021 sales to $4.9 billion, impacted by semiconductor shortages, leading to net income of $22 million. For the full year, sales rose 13% to $19.3 billion with net income up to $374 million. Adjusted EPS decreased significantly in Q4 to $1.22 from $3.66, reflecting lower production and higher commodity costs. The company issued $700 million in senior notes to support an acquisition and has a strong backlog of $3.3 billion for 2022-2024. Lear forecasts 2022 net sales of $20.8-$22.3 billion, showing optimism despite ongoing market uncertainties.
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Lear Corporation (NYSE: LEA) will hold a conference call on February 8, 2022, at 8:30 a.m. EST to discuss its fourth quarter and full year 2021 financial results. Participants can join via toll-free number 877-883-0383 or internationally at 412-902-6506 using the conference code 8642960. A live audio webcast will also be available on Lear's Investor Relations website, with a replay accessible two hours after the call. A slide presentation will precede the conference call on the same day.
Lear Corporation (NYSE: LEA), a leader in automotive technology, is set to participate in a fireside chat at the 20th Annual J.P. Morgan Tech/Auto Forum on January 5, 2022. The event will feature Ray Scott, President and CEO, and Jason Cardew, SVP and CFO. The webcast starts at 4:00 PM EST and lasts approximately 30 minutes. Lear Corporation, headquartered in Southfield, Michigan, specializes in Seating and E-Systems, striving for innovation and sustainability in the automotive industry. More information can be found at ir.lear.com.
Lear Corporation (NYSE: LEA), a leader in automotive technology, will engage in a fireside chat at the Credit Suisse 9th Annual Industrials Conference on December 2, 2021. The session starts at 1:30 PM EST and lasts approximately 30 minutes. Presenters include Ray Scott, President and CEO, and Jason Cardew, SVP and CFO. The webcast can be accessed via the company’s website at ir.lear.com. Lear is renowned for its commitment to innovation, operational excellence, and sustainability, and it ranks 179 on the Fortune 500.
Lear Corporation (LEA) announced a cash tender offer for up to $200,000,000 of its 3.800% Senior Notes due 2027. The Reference Yield for the notes is 1.161%, with a Total Consideration of $1,104.82 per $1,000 principal amount. Eligible holders who tender notes by November 18, 2021 will receive an additional $30 as an Early Tender Payment. The offer is subject to conditions and may be terminated at Lear's discretion. The company will prorate purchases if tenders exceed the maximum amount.
Lear Corporation (NYSE: LEA) has announced early results for its cash tender offer to purchase up to $200,000,000 of its 3.800% Senior Notes due 2027. As of the early tender date on November 18, 2021, $338,924,000 of notes were tendered. Lear plans to prorate purchases due to demand exceeding the maximum amount. The total consideration for accepted notes will include an early tender payment of $30 for each $1,000 principal amount. Payment for accepted notes is expected on November 22, 2021.
Lear Corporation (NYSE: LEA) announced an increase in its quarterly cash dividend from $0.50 to $0.77 per share, returning to pre-pandemic levels. The dividend will be payable on December 29, 2021, to shareholders of record as of December 10, 2021. Non-Executive Chairman Gregory C. Smith stated that the increase demonstrates the Board's confidence in the company's financial strength and commitment to shareholder returns.