Group 1 - Lear Corporation will participate in a fireside chat at the Goldman Sachs Industrials and Materials Conference on December 4, 2024 [1] - The chat will feature Ray Scott, President and CEO, and Jason Cardew, SVP and CFO, and will begin at 9:20 AM EST [1] - The webcast will last approximately 35 minutes and will be available on Lear's website [1] Group 2 - Lear Corporation is a global leader in automotive technology, specializing in Seating and E-Systems [2] - The company operates in 38 countries and is committed to innovation, operational excellence, and sustainability [2] - Lear serves every major automaker globally and ranks 174 on the Fortune 500 [2]

Shares of Lear Corp. (LEA) fell 4% since it reported its third-quarter 2024 results. The company reported adjusted earnings per share of $2.89, which increased from $2.87 recorded in the year-ago quarter and beat the Zacks Consensus Estimate of $2.57. In the reported quarter, revenues decreased 3% year over year to $5.58 billion but surpassed the Zacks Consensus Estimate of $5.52 billion.Stay up-to-date with the quarterly releases: See Zacks Earnings Calendar.Segment PerformanceSales of the Seating segment ...

Core Insights - The performance of Lear's international operations is critical for understanding its financial strength and growth potential [1][2] - The company's total revenue for the quarter ending September 2024 was $5.58 billion, a decline of 3.4% year over year [4] Revenue Breakdown - South America generated $233.5 million in revenues, constituting 4.2% of total revenue, which was a surprise of -3.51% compared to the projected $241.99 million [5] - Europe and Africa contributed $1.89 billion, making up 33.9% of total revenue, with a surprise of -0.59% against the consensus estimate of $1.9 billion [6] - Asia accounted for $1.06 billion, or 18.9% of total revenue, representing a surprise of -5.26% compared to the expected $1.11 billion [7] Future Projections - Analysts project Lear will post revenues of $5.79 billion for the ongoing fiscal quarter, a decline of 0.9% from the year-ago quarter [8] - For the full year, total revenue is projected to be $23.27 billion, indicating a fall of 0.9% from the previous year [9] Market Dependency - Lear's dependency on global markets for revenues presents both potential gains and risks, making the monitoring of international revenue trends essential for predicting future performance [10][11]

Group 1 - The article discusses the author's investment strategy, which combines fundamental analysis with options trading, focusing on various investment styles such as income-oriented, growth at a reasonable price, deep value, and dividend aristocrats [1] - The author utilizes stock screeners, particularly "Top Value Stocks," to identify new investment opportunities, indicating a systematic approach to stock selection [1] - The author has a background in software development, which informs their investment in technology stocks, suggesting a blend of technical expertise and market analysis [1] Group 2 - The author has developed 20-25 strategies involving options for purposes such as hedging, bullish substitutes, neutral trades, trading volatility, and earnings-related trades, highlighting a diverse approach to risk management [1] - Teaching and coaching in various areas, including investing, is a passion for the author, indicating a commitment to sharing knowledge and fostering understanding in the investment community [1]

Lear (LEA) reported $5.58 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 3.4%. EPS of $2.89 for the same period compares to $2.87 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $5.52 billion, representing a surprise of +1.24%. The company delivered an EPS surprise of +12.45%, with the consensus EPS estimate being $2.57.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ex ...

FOR IMMEDIATE RELEASE Lear Contacts: Marianne Vidershain (248) 447-5541 Tim Brumbaugh (248) 447-1329 Lear Reports Third Quarter 2024 Results SOUTHFIELD, Mich., October 24, 2024 -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today reported results for the third quarter 2024. Third Quarter 2024 Highlights • Delivered revenue of $5.6 billion in the third quarter, compared to $5.8 billion in the third quarter of 2023 • Total company revenue outperformed industry ...

Core Insights - Lear Corporation reported third quarter 2024 revenue of $5.6 billion, a decrease from $5.8 billion in the same quarter of 2023, reflecting a year-over-year decline of 3% [2][4] - The company achieved a net income of $136 million and adjusted net income of $163 million, compared to $133 million and $170 million in the third quarter of 2023, respectively [2][4] - Earnings per share were $2.41, with adjusted earnings per share at $2.89, showing growth from $2.25 and $2.87 in the prior year [2][5] Financial Performance - Core operating earnings for the quarter were $257 million, down from $267 million in the same period last year, maintaining a margin of 4.6% of sales [4][5] - Net cash provided by operating activities was $183 million, with free cash flow of $51 million, significantly lower than $404 million and $251 million in the third quarter of 2023 [2][5] - The company repurchased $209 million worth of shares and paid $43 million in dividends during the quarter [2][6] Market Position and Growth - Lear's revenue outperformed industry volume by 3 percentage points globally, with E-Systems and Seating segments outperforming by 5 and 3 percentage points, respectively [2][4] - Continued growth in China was noted, with new business awards from BYD, Xiaomi, Seres in Seating, and the Dongfeng Group in E-Systems [2][4] - The launch of the ComfortFlexTM module, which combines heat, ventilation, and massage, was highlighted as a significant innovation [2][4] Awards and Recognition - Lear received eight top-three finishes in the J.D. Power 2024 U.S. Seat Quality and Satisfaction Study, including a sweep in the Premium Car category [2][4] - The company was named a finalist for the 2025 Automotive News PACE Award for its Zone Control Module featuring a highly configurable software solution [2][4] Financial Outlook - The financial outlook for 2024 anticipates net sales between $22.95 billion and $23.15 billion, with core operating earnings projected between $1.04 billion and $1.09 billion [7][8] - Adjusted EBITDA is expected to range from $1.67 billion to $1.72 billion, with free cash flow projected between $535 million and $585 million [7][8]

In its upcoming report, Lear (LEA) is predicted by Wall Street analysts to post quarterly earnings of $2.61 per share, reflecting a decline of 9.1% compared to the same period last year. Revenues are forecasted to be $5.56 billion, representing a year-over-year decrease of 3.8%.The current level reflects a downward revision of 2.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections ...

Lear (LEA) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 24. On t ...

SOUTHFIELD, Mich., Oct. 2, 2024 /PRNewswire/ -- Lear Corporation will hold a conference call to review the company's third quarter 2024 financial results and related matters on October 24, 2024, at 8:00 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 7307511. 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 we ...