Lear

Lear Corp. engages in the design, manufacture and supply of automotive seats, electrical distribution systems and electronic modules, as well as related sub-systems, components, and software. It operates through the following segments: Seating and E-Systems. The Seating segment consists of the design, engineering, just-in-time assembly and delivery of complete seat systems, as well as the manufacture of all major seat components, including seat covers and surface materials such as leather and fabric, seat structures and mechanisms, seat foam and headrests. The E-System segment engages in the design, development, engineering and manufacture of electrical distribution systems, as well as electronic control modules, electrification products, connectivity products and software solutions for the cloud, vehicles and mobile devices. The company was founded in 1917 and is headquartered in Southfield, MI.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Lear (LEA) posts strong Q4 results, eyes EV growth opportunities

Lear (LEA) reported strong financial performance in Q4 2022 and full-year 2022, driven by revenue growth, operational improvements, and strategic acquisitions.
The company's focus on market trends, innovation, and efficiency enhancements positions it well for sustained success and profitability in the future.
While facing challenges such as chip shortages and labor costs, Lear's strategic initiatives, robust backlog, and growth opportunities signal a positive outlook.
With a clear roadmap for margin expansion, focus on EV market trends, and readiness for capacity expansion, Lear is poised for continued growth and market leadership.

Lear Corporation reports robust Q1 earnings, eyes revenue growth

Lear's strong start in Q1 2023 showcases revenue and earnings growth, bolstered by strategic acquisitions and innovative product development. While challenges like global macro uncertainties persist, the company's focus on cost management and customer negotiations positions it well for future profitability and margin expansion.

Lear (LEA) reports stellar Q2 results, eyes growth amid challenges

Lear (LEA) delivered strong financial results in Q2 2023, focusing on technological advancements, partnerships, and returning value to shareholders. While facing challenges from lower volumes and margin impacts, the company remains optimistic about the second half of the year and opportunities for growth.

Lear Corporation excels in Q3 2023 amidst industry challenges

Lear's strong Q3 performance reflects growth across key financial metrics and industry recognition.
While challenges like the UAW strike and wage inflation persist, the company is focused on mitigating risks.
Opportunities lie in expanding sales, optimizing operations, and meeting customer demands with innovative products.

Lear reports record revenue and earnings growth, addresses inflation challenges

Lear Corporation delivered strong financial performance in Q4 2023, with record revenue and earnings growth.
While facing challenges like wage inflation and backlog adjustments, Lear is focused on automation and cost-saving initiatives.
The company's strategic acquisitions, sustainable product focus, and revenue growth projections present promising opportunities.
Overall, Lear's balanced approach to addressing challenges and leveraging growth opportunities positions it well for the future.

Lear reports strong Q1 earnings, focuses on automation and growth

Lear Corporation's Q1 2024 performance reflects growth in revenue and earnings, driven by operational efficiency and strategic investments in automation. While facing challenges in commercial negotiations, the company remains focused on sustainable deals and operational improvements. Opportunities lie in expanding thermal comfort solutions, new product launches, and participation in the shift to zonal architectures.

Lear Corporation excels in Q2 2024, eyes global automation growth

Lear's Q2 performance reflects robust financial health and strategic growth initiatives across key business segments.
Despite challenges in meeting revenue targets and operational adjustments, Lear's focus on innovation and efficiency remains strong.
Opportunities for expansion and market leadership exist through global automation trends and revenue growth projections.

Lear Corporation excels in Q3, eyes growth in China

Lear Corporation's Q3 performance reflects strong revenue growth, driven by new business wins and market outperformance. The company's focus on innovation, cost optimization, and strategic partnerships positions it well for long-term success. Lear must navigate industry challenges while seizing growth opportunities to maintain its competitive edge.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

SOUTHFIELD, Mich., Nov. 4, 2021 /PRNewswire/ -- Lear Corporation ("Lear", NYSE: LEA) announced today that it has commenced a cash tender offer (the "Tender Offer") for up to $200,000,000 aggregate principal amount, as may be increased or decreased by Lear (the "Maximum Amount"), of its 3.800% Senior Notes due 2027 ("Notes").

Lear Corporation Announces Cash Tender Offer for its 3.800% Senior Notes due 2027

SOUTHFIELD, Mich., Nov. 4, 2021 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, announced today that it intends to commence an underwritten public offering of senior unsecured notes due 2032 and 2052.

Lear Announces Offering of Senior Notes

Lear Corp (NYSE: LEA) reported a third-quarter FY21 sales decline of 13% year-on-year, to $4.27 billion, missing the analyst consensus of $4.37 billion. Global vehicle production decreased 19% Y/Y with North America down 25%, Europe down 28%, and China down 16%.

Lear Q3 Earnings Miss Estimates; Cuts FY21 Outlook Citing Semiconductor Shortages

Lear Corporation (LEA) CEO Ray Scott on Q3 2021 Results - Earnings Call Transcript

Lear (LEA) delivered earnings and revenue surprises of -5.36% and 2.07%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Lear (LEA) Misses Q3 Earnings Estimates

SOUTHFIELD, Mich., Nov. 2, 2021 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today reported results for the third quarter 2021.

Lear Reports Third Quarter 2021 Results

Lear Corp (NYSE: LEA) has signed an agreement to establish a joint venture with Shinry Technologies Co Ltd, a China-based supplier of electronics for electric vehicles. The financial terms of the deal were not disclosed.

Lear, Shinry Form JV For Onboard Vehicle Chargers

SOUTHFIELD, Mich., Nov. 1, 2021 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced that it has signed a definitive agreement to establish a joint venture with Shinry Technologies Co. Ltd.

Lear, Shinry Forming Joint Venture for Onboard Vehicle Chargers

SOUTHFIELD, Mich., Oct. 29, 2021 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced that it has entered into an agreement to refinance its existing credit facility.

Lear Increases and Extends Its Revolving Credit Facility

SOUTHFIELD, Mich., Oct. 28, 2021 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced that it has entered into a definitive agreement to acquire substantially all of Kongsberg Automotive's Interior Comfort Systems (ICS) business unit.

Lear to Acquire Kongsberg Automotive's Interior Comfort Systems Business Unit

SOUTHFIELD, Mich., Oct. 27, 2021 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced it has been recognized as a top-performing global supplier at the 23rd annual Ford World Excellence Awards.

Ford Honors Lear Plants at 23rd Annual World Excellence Awards

SOUTHFIELD, Mich., Oct. 19, 2021 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced that it received two J.D.

Lear Wins 2 J.D. Power 2021 Seat Quality Awards, Earns More Honors than any other Automotive Supplier

SOUTHFIELD, Mich., Oct. 4, 2021 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, will hold a conference call to review the company's third quarter 2021 financial results and related matters on November 2, 2021, at 8:30 a.m.

Lear Announces Date for Third Quarter 2021 Earnings Conference Call

SOUTHFIELD, Mich., Oct. 1, 2021 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced it has won one 2021 Automotive News PACE and two PACEpilot Innovation to Watch Awards, which recognize automotive suppliers for superior innovation, technological advancement and business performance.

Lear Wins 1 2021 Automotive News PACE and 2 PACEpilot Awards

Lear Corp (NYSE: LEA) has signed a definitive agreement for a joint venture (JV) with Hu Lane Associate Inc, a manufacturer of automotive connector products. The financial terms of the JV were not disclosed.

Lear Enters JV With Hu Lane For Connector Products

SOUTHFIELD, Mich., Sept. 22, 2021 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced it has signed a definitive agreement for a joint venture with Hu Lane Associate Inc. (TPEX: 6279), a listed company on the Taipei stock market and a manufacturer of world-class automotive connector products.

Lear Signs Agreement for Joint Venture with Hu Lane for Connector Products

SOUTHFIELD, Mich. , Aug. 30, 2021 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, will participate in a fireside chat on September 9, 2021, at the virtual RBC Capital Markets Global Industrials Conference.

Lear to Participate in RBC Capital Markets Global Industrials Conference

Lear started the year very promising as it benefited from a rebound in automotive demand fueled by economic reopenings around the globe. Unfortunately, 2021 won't be a 'normal' business year due to ongoing chip shortages and additional pressure from lockdowns in Asia.

Lear Would Fly If It Weren't For The Chip Shortage

Cummins

Group 1 Automotive

Penske Automotive Group

Winnebago

Of late, CMI, PAG, LEA, GPI and WGO have impressed investors with dividend hike announcements. Should you consider adding them to your portfolio now?

Should You Buy These Auto Stocks on Dividend Hike Declarations?

SOUTHFIELD, Mich., Aug. 12, 2021 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced that its Board of Directors has authorized an increase in the Company's quarterly cash dividend on the Company's common stock from $0.25 to $0.50 per share.

Lear Raises Quarterly Cash Dividend to $0.50 Per Share

For 2021, Lear (LEA) projects net sales of $19.7-$20.5 billion, lower than the earlier forecast of $20.3-$21.1 billion.

LEAR (LEA) Q2 Earnings Beat, Sales Miss Estimates, '21 View Down

Lear Corporation (LEA) CEO Ray Scott on Q2 2021 Results - Earnings Call Transcript

Record spike in steel costs and semiconductor shortages led company to slash full-year outlook

Chip shortage took a $1 billion bite out of Lear's sales in just 3 months

The shares of Lear Corporation (NYSE:LEA) are down 1.9% at $165.59 at last check, after the automotive name reported second-quarter earnings of $2.45 per share -- just 2 cents shy of analysts' estimates -- as well a revenue miss.

Automotive Stock Inches Lower on Earnings, Revenue Miss

Lear (LEA) delivered earnings and revenue surprises of 2.08% and -0.88%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

News for Lear Stock (LEA)