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), a leader in automotive technology, is set to hold a conference call on November 2, 2021, at 8:30 a.m. EDT to discuss its third quarter 2021 financial results. Participants can join the call using toll-free number 877-883-0383 or 412-902-6506 for international calls, with the conference code 4615282. A live audio webcast will also be available on their Investor Relations website, along with a slide presentation prior to the call.
Summary not available.
Lear Corporation (NYSE: LEA) has announced a definitive agreement for a joint venture with Hu Lane Associate Inc. (TPEX: 6279), a manufacturer of automotive connector products, subject to regulatory approvals. The joint venture will be based in Yangzhou, China, enhancing Lear's vertical integration for connection systems in modern vehicle architectures. This partnership aims to leverage both companies' strengths for cost savings and innovative product development, with Lear owning a majority stake. Management for the joint venture is expected to be appointed in Q4 2021.
Lear Corporation (NYSE: LEA), a leader in automotive technology, will participate in a fireside chat at the RBC Capital Markets Global Industrials Conference on September 9, 2021. Represented by Jason Cardew, SVP and Chief Financial Officer, the webcast is scheduled to begin at 9:20 AM EDT and will last approximately 30 minutes. The webcast can be accessed through Lear's official website. Lear Corporation, headquartered in Southfield, Michigan, is committed to operational excellence and sustainability, serving all major automakers globally.
Lear Corporation (NYSE: LEA) announced an increase in its quarterly cash dividend from $0.25 to $0.50 per share. The new dividend will be paid on September 21, 2021, to shareholders of record as of September 2, 2021. Non-Executive Chairman Gregory C. Smith highlighted the increase as a reflection of the company's strong financial performance amid tough industry conditions and reaffirmed the board's commitment to returning capital to shareholders. The company continues to prioritize shareholder value with future adjustments to the dividend dependent on industry circumstances.
Lear Corporation (NYSE: LEA) reported a remarkable recovery in its second quarter 2021, with sales soaring 95% to $4.8 billion compared to $2.4 billion a year earlier. Net income reached $175 million, a significant rebound from a net loss of $294 million in Q2 2020. Core operating earnings stood at $233 million, showing a turnaround from a loss of $248 million the previous year. Despite challenges from semiconductor shortages, the company achieved strong production growth, particularly in North America. The outlook for 2021 estimates sales between $19.7 billion and $20.5 billion.
Lear Corporation (NYSE: LEA) has appointed Alicia Davis as Chief Strategy Officer to spearhead its long-term growth strategy. Davis, who joined Lear in 2018 and advanced through key roles in Investor Relations and Corporate Development, will lead a strategy organization that aligns with Lear's business segments and focuses on strategic initiatives and M&A opportunities. CEO Ray Scott emphasized the automotive industry's transformative period and the company's potential for growth. Davis aims to enhance shareholder value by navigating trends in electrification and evolving consumer preferences in seating.
Lear Corporation (NYSE: LEA) will host a conference call on August 6, 2021, at 8:30 a.m. EDT to discuss its second quarter 2021 financial results. Interested parties can join the call via toll-free number 877-883-0383 or internationally at 412-902-6506, using conference code 2036623. A live audio webcast will also be available on the company's Investor Relations website. Furthermore, a slide presentation will be accessible prior to the call on the same day.
Summary not available.
Lear Corporation (NYSE: LEA) has entered a joint development agreement with IMS Connector Systems GmbH to enhance high-speed Ethernet solutions for automotive applications. This partnership aims to provide cost-effective, scalable solutions for data transmission in increasingly connected vehicles, reducing cabling weight and costs. The companies will leverage their expertise in connector design and manufacturing to develop new connectors that enable advanced vehicle technologies. A fully validated product is expected to be available by 2023.