Lear Stock Price, News & Analysis

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.

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.

Lear Corporation (NYSE: LEA), a leader in automotive technology, will engage in a fireside chat on June 17, 2021, at the virtual Deutsche Bank Global Auto Industry Conference. The session, featuring Jason Cardew, SVP and CFO, and Carl Esposito, SVP and President of E-Systems, starts at 8:15 AM EDT and lasts approximately 35 minutes. A webcast link will be available on the Company's website. Lear is dedicated to enhancing in-vehicle experiences through innovation and sustainability, ranking 179 on the Fortune 500.

Lear Corporation (NYSE: LEA), a leader in automotive technology, will participate in a fireside chat during the KeyBanc Capital Markets Industrials and Basic Materials Conference on June 4, 2021. The event will be represented by Ray Scott, President and CEO, and Jason Cardew, SVP and CFO. The webcast starts at 9:20 AM EDT and will last approximately 30 minutes. Interested parties can access the webcast via the company's website at ir.lear.com.

Lear Corporation (NYSE: LEA), a leader in automotive technology, announced a quarterly cash dividend of $0.25 per share on its common stock. This dividend will be payable on June 30, 2021, to shareholders recorded by the close of business on June 11, 2021. This financial decision reflects Lear's commitment to returning value to its shareholders while emphasizing its operational excellence and innovation in producing superior in-vehicle experiences.

Lear Corporation (NYSE: LEA) reported a robust first quarter for 2021, with sales rising 20% to $5.4 billion. Net income surged to $204 million, while adjusted net income reached $226 million. Core operating earnings improved by 64% to $336 million. Earnings per share were $3.36, up from $1.26 in 2020. Despite challenges like component shortages, Lear's performance outpaced market growth in both its Seating and E-Systems segments. The company maintains a positive outlook for the rest of 2021, projecting net sales of $20,350 - $21,150 million.

Lear Corporation (NYSE: LEA) has become the lead investor in the Series C funding round for CelLink Corporation, a manufacturer specializing in innovative flat and flexible circuits. This technology aims to enhance the efficiency of electric vehicle (EV) battery packs by integrating multiple functions into a single circuit, reducing costs and promoting EV adoption. With a significant reduction in wire harness weight and volume, CelLink’s products also provide environmental benefits, thus aligning with Lear's commitment to a sustainable future. CelLink aims to advance electrification while addressing climate change.