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 ...

财务数据和关键指标变化 - 第一季度销售额增长3%至60亿美元,核心营业利润增长6%至2.8亿美元 [9] - 调整后每股收益增长14%至3.18美元,主要受益于经营业绩改善和股票回购计划 [9] - 经营现金流与去年同期持平 [9] 各条业务线数据和关键指标变化 - 座椅系统业务销售额增长1%至45亿美元,核心营业利润下降2%至2.95亿美元,利润率为6.6% [37][38] - 电子系统业务销售额增长9%至15亿美元,核心营业利润大幅改善至7700万美元,利润率为5.1% [39][40] 各个市场数据和关键指标变化 - 北美市场销售增长超过市场2个百分点,受益于电子系统业务的强劲表现,但座椅系统业务受到不利平台组合影响 [32] - 欧洲市场销售增长超过市场1个百分点,受益于陆虎揽胜和揽胜运动版车型的强劲表现 [32] - 中国市场销售增长超过市场1个百分点,受益于在宝马5系和i5等车型上的新业务拓展 [32] 公司战略和发展方向及行业竞争 - 公司推出"IDEA by Lear"战略,加快数字化和自动化工具的应用,提升竞争优势和创新能力 [17][19][28] - 通过一系列收购,公司持续提升座椅和电子系统的垂直整合能力,开发出更具成本优势的新产品 [25][26][27] - 公司认为,未来能够最有效适应新技术变革的企业将获得显著的增长和利润空间 [18] 管理层对经营环境和未来前景的评论 - 管理层表示,第一季度业绩符合预期,全年指引保持不变,第二季度利润率有望小幅改善 [42][43][44] - 管理层认为,通过自动化、重组等措施,以及与客户的商业谈判,下半年利润率有望进一步提升 [44] - 管理层对公司未来三到五年内保持竞争优势和实现利润目标充满信心 [51][65] 问答环节重要的提问和回答 问题1 **Joe Spak 提问** 询问电子系统业务在全年的增长情况 [56][57] **Jason Cardew 回答** 预计全年电子系统业务的增长超过市场5个百分点,第一季度为10个百分点,后续会有所放缓 [57] 问题2 **John Murphy 提问** 询问自动化对公司成本结构的影响 [74][75][76][77][78] **Ray Scott 和 Jason Cardew 回答** 自动化是实现利润目标的关键推动因素,可以抵消工资上涨压力,提升制造效率,但短期内不会显著影响重组成本 [74][75][76][77][78] 问题3 **Colin Langan 提问** 询问公司与客户在价格谈判方面的进展情况 [101][102][103][104][105] **Ray Scott 和 Jason Cardew 回答** 公司在与客户的价格谈判中保持谨慎,不会为了达到季度业绩目标而做出不利于长期的妥协,正在与客户进行积极的商业谈判 [101][102][103][104][105]

April 30, 2024 First Quarter 2024 Financial Results Ray Scott, President and CEO Jason Cardew, Senior Vice President and CFO Safe Harbor Statement Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding anticipated financial results and liquidity. The words “will,” “may,” “designed to,” “outlook,” “believes,” “should,” “anticipates,” “plans,” “expects,” “intends,” “estimates,” ...

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 ...

Lear (LEA) came out with quarterly earnings of $3.18 per share, beating the Zacks Consensus Estimate of $3.04 per share. This compares to earnings of $2.78 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.61%. A quarter ago, it was expected that this automotive seating and electrical distribution systems company would post earnings of $3.07 per share when it actually produced earnings of $3.03, delivering a surprise of -1.30% ...

FOR IMMEDIATE RELEASE Lear Contacts: Marianne Vidershain (248) 447-5541 Tim Brumbaugh (248) 447-1329 Lear Reports First Quarter 2024 Results SOUTHFIELD, Mich., April 30, 2024 -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today reported results for the first quarter 2024. First Quarter 2024 Highlights • Delivered first quarter record revenue of $6.0 billion, an increase of 3% compared to $5.8 billion in the first quarter of 2023 • Sales outperformed global i ...

The first-quarter earnings season for the Auto-Tires-Trucks sector has shifted to high gear this week. So far, four S&P 500 sector components — Tesla, Genuine Parts, General Motors, LKQ Corp— have reported quarterly numbers. Results have been mixed so far. While Tesla and LKQ missed earnings estimates, General Motors and Genuine Parts surpassed the same.Per the Earnings Trend report dated Apr 17, the auto sector’s earnings for the first quarter of 2024 are expected to decline 29.5% on a year-over-year basis ...

Lear (LEA) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 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 April 30. On the ot ...