Lear (LEA) Acquires WIP to Optimize Operational Efficiency

Group 1: Acquisition Details - Lear Corporation has completed the acquisition of WIP Industrial Automation, a supplier for 25 years, which specializes in advanced automation technologies [3][6] - The acquisition is expected to enhance Lear's capabilities in safety and quality in manufacturing, improving operational efficiency and addressing macroeconomic challenges [6][9] Group 2: Financial Outlook - Lear anticipates full-year net sales between $24 billion and $24.6 billion, an increase from $23.5 billion in 2023, with core operating earnings projected between $1.15 billion and $1.30 billion, up from $1.12 billion in 2023 [7]