Lear Stock Price, News & Analysis

Lear Corporation (NYSE: LEA) has scheduled a conference call to discuss its third quarter 2022 financial results on November 1, 2022, at 8:30 a.m. EDT. Participants can join via toll-free calls at 877-883-0383 or internationally at 412-902-6506, using conference code 9206262. A live audio webcast will also be available on Lear's Investor Relations website. A slide presentation will be accessible before the call on the same date.

Lear Corporation (NYSE: LEA) has been selected by General Motors to provide electrification technologies for the Ultium global electric vehicle platform. This selection highlights Lear's expertise in battery disconnect units (BDUs), intercell connect boards (ICBs), and wire harnesses. The award is significant, marking the largest for Lear's Connection Systems business to date. The company's advanced engineering capabilities and strategic manufacturing locations position it well in the electric vehicle market, supporting GM's zero-emissions vision.

Lear Corporation (NYSE: LEA), a leader in automotive technology, will participate in a fireside chat at the Morgan Stanley 10th Annual Laguna Conference on September 14, 2022. The discussion will feature Ray Scott, President and CEO, and Jason Cardew, SVP and Chief Financial Officer. The webcast starts at 12:55 PM EDT and lasts approximately 30 minutes. Interested viewers can access the link on Lear's website. Lear is committed to innovation and operational excellence, serving every major automaker globally, and ranks 186 on the Fortune 500.

Lear Corporation (NYSE: LEA), a leader in automotive technology, received two first-place awards in the J.D. Power 2022 U.S. Seat Quality and Satisfaction Study. It ranked first in the Mass Market Compact Car category with the Hyundai Elantra and in the Luxury Car category with the BMW 2 Series. Additionally, Lear achieved third place in four other categories including Mass Market SUVs and Luxury Cars. This recognition underscores Lear's commitment to quality and customer satisfaction in seating.

On August 10, 2022, Lear Corporation (NYSE: LEA) announced a quarterly cash dividend of $0.77 per share on its common stock. The dividend is set to be paid on September 20, 2022, to shareholders who are on record by the close of business on September 1, 2022. This decision underscores Lear's commitment to returning value to its shareholders amidst its role as a leader in automotive technology, particularly in Seating and E-Systems.

Lear Corporation (NYSE: LEA), a leader in automotive technology, has joined Climate Group's RE100 initiative. This global effort commits over 370 companies to source 100% of their electricity from renewable sources. Lear aims to achieve this goal for all its global sites by 2030, with current operations in Germany, Poland, and the UK already meeting this target. The company utilizes various renewable methods tailored to each location. Lear's focus reflects its dedication to sustainability and energy efficiency, aiming for a carbon-neutral future.

Lear Corporation (NYSE: LEA) reported second quarter 2022 sales of $5.1 billion, a 7% increase from the previous year. However, net income fell to $69 million, down from $175 million in Q2 2021. Adjusted earnings per share decreased to $1.79 from $2.45. Despite challenges from supply chain disruptions and rising commodity costs, Lear announced the acquisition of I.G. Bauerhin to enhance thermal comfort solutions. The company returned $96 million to shareholders through repurchases and dividends and reported a cash balance of $828 million.

Lear Corporation (NYSE: LEA) will host a conference call on August 2, 2022, at 8:30 a.m. EDT to discuss its second quarter 2022 financial results. Participants can join by dialing 877-883-0383 for toll-free calls or 412-902-6506 internationally, using conference code 5082523. A live audio webcast will also be available on Lear's Investor Relations website, with a replay accessible two hours post-call. The presentation slides will be available on the website before the call starts.