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), a global leader in automotive seating and electrical systems, provides this centralized hub for tracking official announcements and strategic developments. Access verified press releases and news updates covering product innovations, manufacturing advancements, and corporate milestones.
This resource enables stakeholders to monitor Lear’s progress in vehicle comfort technologies and electrical distribution solutions. Expect updates on earnings reports, strategic partnerships, and technological breakthroughs across its Seating and E-Systems divisions. Content spans operational expansions, sustainability initiatives, and leadership updates relevant to the automotive supply chain.
Bookmark this page for direct access to Lear’s latest financial communications and market-moving developments. Combine regular monitoring with SEC filings and earnings transcripts for comprehensive analysis of this Fortune 500 supplier’s performance.
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.
Lear Corporation (NYSE: LEA), a leader in automotive technology, will participate in a fireside chat at the Deutsche Bank Global Auto Industry Conference on June 15, 2022. The event will feature Ray Scott, President and CEO, and Jason Cardew, SVP and CFO. The webcast is set to begin at 9:30 AM EDT and last approximately 35 minutes. More details will be available on the company's website at ir.lear.com. Headquartered in Southfield, Michigan, Lear serves all major automakers and ranked 186 on the Fortune 500.
Lear Corporation (NYSE: LEA) announced its definitive agreement to acquire I.G. Bauerhin for €140 million. This acquisition aims to enhance Lear's thermal comfort solutions, expanding its product capabilities into active cooling while complementing existing offerings. The transaction, set to close within six to nine months pending regulatory approvals, marks Lear's second acquisition in this domain. IGB, a leading provider of seat climate control with €205 million revenue in 2021, will allow Lear to grow its Seating business. The acquisition is expected to accelerate the commercialization of advanced seating systems.
FAQ
What is the current stock price of Lear (LEA)?
What is the market cap of Lear (LEA)?
