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 (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.
Lear (NYSE: LEA) reported Q3 2024 results with revenue of $5.6 billion, down 3% year-over-year. The company outperformed industry volume by 3 percentage points globally. Net income increased 2% to $136 million, with earnings per share of $2.41 and adjusted EPS of $2.89. Core operating earnings were $257 million (4.6% of sales).
The company continued expansion in China with new awards from BYD, Xiaomi, and Seres in Seating, and Dongfeng Group in E-Systems. Lear repurchased $209 million of shares and maintained strong liquidity of $2.8 billion. The company updated its 2024 outlook with net sales projected between $22.95-23.15 billion.
Lear (LEA) has announced its upcoming third quarter 2024 earnings conference call, scheduled for October 24, 2024, at 8:00 a.m. EDT. The company will review its financial results and related matters during this call. Participants can join via a webcast link or by calling toll-free at 877-883-0383 (US) or 412-902-6506 (international) using the conference code 7307511.
An 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 third quarter 2024 slide presentation will be available on Lear's website before the earnings call begins on October 24, 2024.
Lear (NYSE: LEA), a global automotive technology leader, will participate in the Morgan Stanley 12th Annual Laguna Conference on September 11, 2024, in Dana Point, California. The company will be represented by Jason Cardew, SVP and CFO, and Frank Orsini, EVP and President of Seating.
The fireside chat will begin at 5:00 PM EDT (2:00 PM PDT) and last approximately 30 minutes. A webcast link will be available on Lear's investor relations website. Lear, headquartered in Southfield, Michigan, specializes in Seating and E-Systems, serving major automakers worldwide and ranking 174 on the Fortune 500.
Lear (NYSE: LEA), a global automotive technology leader, has demonstrated its dominance in the J.D. Power 2024 U.S. Seat Quality and Satisfaction Study℠. The company secured eight top-three finishes, more than double its closest competitor. Notably, Lear swept the Premium Car category, claiming all three top positions. Lear also achieved:
- The best in-segment score (3.8) in the Premium Car classification
- Top-three placements in five out of seven segments
- Four out of six top-three finishes across Premium segments
Frank Orsini, EVP and President of Seating, attributed this success to Lear's investment in operational excellence, vertical integration, and innovative technologies like ComfortFlex and ComfortMax Seat. The study, based on 99,144 responses from new vehicle owners, underscores Lear's commitment to delivering superior comfort, design, and quality in automotive seating.