SOUTHFIELD, Mich., July 17, 2024 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, has completed its acquisition of WIP Industrial Automation ("WIP"). Lear previously announced it had entered into a definitive agreement to acquire WIP on April 29, 2024. "As a trusted, long-time supplier to Lear, we are happy to welcome WIP and its employees to the Lear family," said Ray Scott, Lear President and CEO. "With our collective resources, we will deepen o ...

SOUTHFIELD, Mich., June 26, 2024 /PRNewswire/ -- Lear Corporation will hold a conference call to review the company's second quarter 2024 financial results and related matters on July 25, 2024, at 9:00 a.m. EDT. To participate in the conference call: Webcast link: click here Toll-free calls: 877-883-0383 International calls: 412-902-6506 The conference code is 4935995. You also may listen to the live audio webcast of the call, in listen-only mode, on Lear's Investor Relations website at ir.lear.com. The web ...

SOUTHFIELD, Mich., May 30, 2024 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, will participate in a fireside chat on June 11, 2024, at the Deutsche Bank Global Auto Industry Conference in New York. Representing Lear will be: Ray Scott, President and CEO Jason Cardew, SVP and Chief Financial Officer Lear's webcast will begin at 9:00am EDT and will run approximately 35 minutes. The webcast link will be available on the Company's website at ir.lea ...

SOUTHFIELD, Mich., May 20, 2024 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, effective May 16, made two key changes to its leadership team as it drives toward an Innovative, Digital, Engineered and Automated (IDEA) future. As previously announced by Lear in April, IDEA by Lear represents the next phase of the company's strategy to drive growth and improve profitability by utilizing technology and automation to develop innovative products and e ...

SOUTHFIELD, Mich., May 16, 2024 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced that its Board of Directors has declared a quarterly cash dividend of $0.77 per share on the Company's common stock. The dividend is payable on June 25, 2024, to shareholders of record at the close of business on June 6, 2024. About Lear Corporation Lear, a global automotive technology leader in Seating and E-Systems, enables superior in-vehicle experi ...

Lear Corp. (LEA) reported first-quarter 2024 adjusted earnings of $3.18 per share, which increased from $2.78 recorded in the year-ago quarter and beat the Zacks Consensus Estimate of $3.04 per share. In the reported quarter, revenues increased 2.5% year over year to $6 billion and were in line with the Zacks Consensus Estimate.Segment PerformanceSales of the Seating segment totaled $4.47 billion in the reported quarter, up from $4.45 billion generated in the year-ago quarter billion, thanks to solid backlo ...

Have you looked into how Lear (LEA) performed internationally during the quarter ending March 2024? Considering the widespread global presence of this automotive seating and electrical distribution systems company, examining the trends in international revenues is essential for assessing its financial resilience and prospects for growth.In the current era of a tightly interconnected global economy, the proficiency of a company to penetrate international markets significantly influences its financial health ...

And so itÂ's been very successful. ItÂ's one of the reasons why we look at our quarter-over-quarter expectations and improvements, not just this year but the out years. ItÂ's really paying dividends. Â Jason Cardew Our next question comes from John Murphy from Bank of America. Please go ahead. Jason Cardew Good morning – question on this automation front. I mean, could you give us a rough estimate of how much of your operating cost is made up by labor? And then as you think about automation, does that ultim ...

42.3 � 54.1 Restructuring costs and other special items - Free Cash Flow $600 - $750 million Certain of the forward-looking financial measures are provided on a non-GAAP basis. A reconciliation of forward-looking financial measures to the most directly comparable financial measures calculated and presented in accordance with GAAP is potentially misleading and not practical given the difficulty of projecting event driven transactional and other non-core operating items in any future period. The magnitude of ...

For the quarter ended March 2024, Lear (LEA) reported revenue of $5.99 billion, up 2.6% over the same period last year. EPS came in at $3.18, compared to $2.78 in the year-ago quarter.The reported revenue represents no surprise over the Zacks Consensus Estimate of $5.99 billion. With the consensus EPS estimate being $3.04, the EPS surprise was +4.61%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determi ...