Anuncio • May 02
Lear Corporation Provided Earnings Guidance for the Second Quarter of 2026 and Maintains Earnings Guidance for the Full Year of Financial Year 2026 Lear Corporation provided earnings guidance for the second quarter of 2026 and maintained earnings guidance for the full Year of financial year 2026. For the second quarter, the company expects revenue sort of $6.1 billion to $6.2 billion in the second quarter.
For the year, the company expects net sales of $23,210 million to $24,010 million. Anuncio • Apr 03
Lear Corporation, Annual General Meeting, May 14, 2026 Lear Corporation, Annual General Meeting, May 14, 2026. Anuncio • Feb 13
Lear Corporation Declares Quarterly Cash Dividend, Payable on March 25, 2026 Lear Corporation 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 March 25, 2026, to shareholders of record at the close of business on March 5, 2026. Anuncio • Feb 04
Lear Corporation Provides Earnings Guidance for the Full Year 2026 Lear Corporation provided earnings guidance for the full year 2026. For the year, the company expects net sales to be in the range of $23,210 million to $24,010 million. Core Operating Earnings to be in the range of $1,030 million to $1,200 million. Anuncio • Nov 21
Lear Corporation Declares Quarterly Cash Dividend, Payable on December 30, 2025 Lear Corporation 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 December 30, 2025, to shareholders of record at the close of business on December 10, 2025. Anuncio • Oct 31
Lear Corporation Raises Earnings Guidance for the Full Year 2025 Lear Corporation raised earnings guidance for the full year 2025. For the year, the company expects net sales to be in the range of $22,850 million to $23,150 million. Core Operating Earnings to be in the range of $995 million to$1,055 million. The company further raised the midpoint of full-year revenue and increased full-year operating income outlook. Anuncio • Sep 12
Lear Corporation Provides Earnings Guidance for the Third Quarter of 2025 Lear Corporation provided earnings guidance for the third quarter of 2025. For the period, the company expected operating income in the $230 million to $240 million range. Anuncio • Aug 15
Lear Corporation Declares Quarterly Cash Dividend, Payable on September 23, 2025 Lear Corporation 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 September 23, 2025, to shareholders of record at the close of business on September 3, 2025. Anuncio • Jul 25
Lear Corporation Updates Earnings Guidance for the Full Year 2025 Lear Corporation updated earnings guidance for the full year 2025. For the year, the company expects net sales to be in the range of $22,470 million to $23,070 million. Core Operating Earnings to be in the range of $955 million to$1,095 million. Anuncio • Jul 09
Lear Corporation to Report Q2, 2025 Results on Jul 25, 2025 Lear Corporation announced that they will report Q2, 2025 results on Jul 25, 2025 Anuncio • May 17
Lear Corporation Declares Quarterly Cash Dividend, Payable on June 25, 2025 Lear Corporation 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, 2025, to shareholders of record at the close of business on June 5, 2025. Anuncio • Apr 05
Lear Corporation, Annual General Meeting, May 16, 2025 Lear Corporation, Annual General Meeting, May 16, 2025. Anuncio • Feb 18
Lear Corporation Appoints Julian Blissett to Board of Directors Lear Corporation announced that Julian Blissett, former Executive Vice President and President General Motors (GM) China, has been appointed to the Company's Board of Directors. Mr. Blissett recently retired from GM following a distinguished 28-year career with the automaker. Most recently, he led GM's operations in China through a period of significant growth. He began his career with GM as an engineer and advanced through various roles in operations, new business development and executive leadership. His international experiences also include assignments in the United Kingdom, Japan, and Poland. Anuncio • Feb 15
Lear Corporation Declares Quarterly Cash Dividend, Payable on March 26, 2025 Lear Corporation 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 March 26, 2025, to shareholders of record at the close of business on March 6, 2025. Anuncio • Feb 06
Lear Corporation Provides Earnings Guidance for the Full Year 2025 Lear Corporation provided earnings guidance for the full year 2025. For the year, the company expects net sales to be in the range of $21,875 million to $22,875 million. Core Operating Earnings to be in the range of $915 million to$1,175 million. Anuncio • Feb 05
Lear Corporation (NYSE:LEA) acquired StoneShield - Engineering, LDA. Lear Corporation (NYSE:LEA) acquired StoneShield - Engineering, LDA on February 4, 2025.
Lear Corporation (NYSE:LEA) completed the acquisition of StoneShield - Engineering, LDA on February 4, 2025. Anuncio • Nov 22
Lear Corporation Declares Quarterly Cash Dividend, Payable on December 30, 2024 Lear Corporation 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 December 30, 2024, to shareholders of record at the close of business on December 11, 2024. Anuncio • Oct 25
Lear Corporation Updates Earnings Guidance for the Full Year 2024 Lear Corporation updated earnings guidance for the full year 2024. For the year, the company's net sales is now expected to be in the range of $22,950 million to $23,150 million. Core operating earnings to be in the range of $1,040 million to $1,090 million. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: US$2.41 (vs US$2.26 in 3Q 2023) Third quarter 2024 results: EPS: US$2.41 (up from US$2.26 in 3Q 2023). Revenue: US$5.58b (down 3.4% from 3Q 2023). Net income: US$135.8m (up 2.2% from 3Q 2023). Profit margin: 2.4% (up from 2.3% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Anuncio • Sep 23
Lear Corporation(NYSE:LEA) dropped from FTSE All-World Index (USD) Lear Corporation(NYSE:LEA) dropped from FTSE All-World Index (USD) Declared Dividend • Aug 19
Second quarter dividend of US$0.77 announced Shareholders will receive a dividend of US$0.77. Ex-date: 4th September 2024 Payment date: 23rd September 2024 Dividend yield will be 2.9%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 92% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Anuncio • Aug 16
Lear Corporation Declares Quarterly Cash Dividend, Payable on September 23, 2024 Lear Corporation 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 September 23, 2024, to shareholders of record at the close of business on September 4, 2024. Anuncio • Aug 13
Lear Corporation Appoints Rod Lache to Board of Directors Lear Corporation announced that Rod Lache, a distinguished former Wall Street automotive analyst, has been appointed to the Company's Board of Directors, effective August 12, 2024. Mr. Lache retired in July from Wolfe Research, LLC, where he was a Managing Director and Senior Analyst covering the automotive industry for the past six years. Previously, he spent 24 years at Deutsche Bank where he held positions of increasing responsibility, including Managing Director and Senior Analyst responsible for the auto sector. Consistently recognized by institutional investors and automotive executives as the top auto industry analyst in the U.S., Mr. Lache produced innovative research focused on strategic, competitive, and technological themes, which included forecasting the emergence of electrified vehicles and the rise of AI in the automotive industry. For his contributions to his field, he was inducted into the Institutional Investor Magazine Hall of Fame in 2021. Mr. Lache graduated from New York University's Stern School of Business with a Bachelor of Science degree in finance and international business. The addition of Mr. Lache increases the size of Lear's board to 11 directors. The board routinely assesses its composition to ensure it includes the appropriate skills, experience, diversity and viewpoints. Reported Earnings • Jul 26
Second quarter 2024 earnings released: EPS: US$3.04 (vs US$2.85 in 2Q 2023) Second quarter 2024 results: EPS: US$3.04 (up from US$2.85 in 2Q 2023). Revenue: US$6.01b (flat on 2Q 2023). Net income: US$173.1m (up 2.6% from 2Q 2023). Profit margin: 2.9% (up from 2.8% in 2Q 2023). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Anuncio • Jul 26
Lear Corporation Provides Earnings Guidance for the Full Year 2024 Lear Corporation provided earnings guidance for the full year 2024. For the year, the company expects net sales to be in the range of $23,230 million to $23,670 million. Core Operating Earnings to be in the range of $1,030 million to $1,200 million. Anuncio • Jul 18
Lear Corporation (NYSE:LEA) completed the acquisition of WIP Industrial Automation. Lear Corporation (NYSE:LEA) entered into a definitive agreement to acquire WIP Industrial Automation on April 29, 2024. The transaction, subject to regulatory approvals and other customary closing conditions, is expected to close by the third quarter of 2024.
Lear Corporation (NYSE:LEA) completed the acquisition of WIP Industrial Automation on July 17, 2024. New Risk • May 26
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €630k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Significant insider selling over the past 3 months (€630k sold). Anuncio • May 22
Lear Corporation Announces Two Key Leadership Changes Lear Corporation, 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 extend its leadership in operational excellence. To lead this evolution, Lear has appointed Carl Esposito, who has served as Senior Vice President and President of E-Systems since 2019, as Senior Vice President, IDEA by Lear. Before joining Lear, Esposito served as President of the Electronic Solutions Strategic Business Unit for Honeywell Aerospace, where he oversaw strategy, product development, and sales for the $5 billion business. Nick Roelli, Vice President of Seating, North America will replace Esposito as Senior Vice President and President of E-Systems. Roelli has a wealth of experience in the automotive industry, with a focus on operational and commercial strategy and execution. He has held various roles of increasing responsibility since joining Lear in 1994, including serving as Vice President of North America Seating and Vice President of Global Seat Structures. He has successfully led a variety of teams to achieve results in profitability, quality, delivery, and launch performance. Declared Dividend • May 20
First quarter dividend of US$0.77 announced Shareholders will receive a dividend of US$0.77. Ex-date: 6th June 2024 Payment date: 25th June 2024 Dividend yield will be 2.4%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 94% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Anuncio • May 18
Lear Corporation Declares A Quarterly Cash Dividend, Payable on June 25, 2024 Lear Corporation 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. Reported Earnings • May 01
First quarter 2024 earnings released: EPS: US$1.90 (vs US$2.42 in 1Q 2023) First quarter 2024 results: EPS: US$1.90 (down from US$2.42 in 1Q 2023). Revenue: US$5.99b (up 2.6% from 1Q 2023). Net income: US$109.6m (down 24% from 1Q 2023). Profit margin: 1.8% (down from 2.5% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Anuncio • Apr 30
Lear Corporation Reaffirms Earnings Guidance for the Full Year 2024 Lear Corporation reaffirmed earnings guidance for the full year 2024. 2024 financial outlook, which is unchanged from prior outlook.For the year, the company expects net sales to be in the range of $24,000 million to $24,600 million. Core Operating Earnings to be in the range of $1,155 million to $1,305 million. Anuncio • Apr 04
Lear Corporation, Annual General Meeting, May 16, 2024 Lear Corporation, Annual General Meeting, May 16, 2024, at 09:00 Eastern Standard Time. Agenda: To elect the following ten nominees to the Board of Directors Mei-Wei Cheng, Jonathan F. Foster, Bradley M. Halverson, Mary Lou Jepsen, Roger A. Krone, Patricia L. Lewis, Kathleen A. Ligocki, Conrad L. Mallett, Jr., Raymond E. Scott and Greg C. Smith; to ratify the retention of Ernst & Young LLP as the Company’s registered public accounting firm for 2024; to approve, in a non-binding advisory vote, the Company’s executive compensation; and to conduct any other business properly brought before the Annual Meeting or any postponement thereof. Buy Or Sell Opportunity • Apr 02
Now 21% undervalued Over the last 90 days, the stock has risen 6.5% to €132. The fair value is estimated to be €167, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.0% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 4.3% per annum. Earnings are also forecast to grow by 21% per annum over the same time period. Anuncio • Mar 29
Lear Corporation to Report Q1, 2024 Results on Apr 30, 2024 Lear Corporation announced that they will report Q1, 2024 results at 9:30 AM, US Eastern Standard Time on Apr 30, 2024 Upcoming Dividend • Feb 29
Upcoming dividend of US$0.77 per share Eligible shareholders must have bought the stock before 07 March 2024. Payment date: 27 March 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (5.2%). In line with average of industry peers (2.3%). Declared Dividend • Feb 26
Fourth quarter dividend of US$0.77 announced Shareholders will receive a dividend of US$0.77. Ex-date: 7th March 2024 Payment date: 27th March 2024 Dividend yield will be 2.4%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 86% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Anuncio • Feb 20
Lear Corporation Declares a Quarterly Cash Dividend, Payable on March 27, 2024 Lear Corporation declared a quarterly cash dividend of $0.77 per share on the Company's common stock. The dividend is payable on March 27, 2024, to shareholders of record at the close of business on March 8, 2024. Reported Earnings • Feb 07
Full year 2023 earnings released: EPS: US$9.69 (vs US$5.49 in FY 2022) Full year 2023 results: EPS: US$9.69 (up from US$5.49 in FY 2022). Revenue: US$23.5b (up 12% from FY 2022). Net income: US$572.5m (up 75% from FY 2022). Profit margin: 2.4% (up from 1.6% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Anuncio • Feb 06
Lear Corporation Provides Earnings Guidance for the Full Year 2024 Lear Corporation provided earnings guidance for the full year 2024. For the year, the company expects net sales to be in the range of $24,000 million to $24,600 million. Core Operating Earnings to be in the range of $1,155 million to $1,305 million. Buy Or Sell Opportunity • Jan 21
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.8% to €119. The fair value is estimated to be €151, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Anuncio • Dec 19
Lear Corporation to Report Q4, 2023 Results on Feb 06, 2024 Lear Corporation announced that they will report Q4, 2023 results Pre-Market on Feb 06, 2024 Board Change • Dec 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 4 highly experienced directors. Independent Director Roger Krone was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Nov 28
Upcoming dividend of US$0.77 per share at 2.3% yield Eligible shareholders must have bought the stock before 05 December 2023. Payment date: 26 December 2023. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (5.0%). In line with average of industry peers (2.5%). Anuncio • Nov 15
Lear Corporation Declares Quarterly Cash Dividend, Payable on December 26, 2023 Lear Corporation 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 December 26, 2023, to shareholders of record at the close of business on December 6, 2023. Anuncio • Oct 28
Lear Corporation Provides Earnings Guidance for the Year 2023 Lear Corporation provided earnings guidance for the year 2023. For the year, the company expects net sales of $23,100 million to $23,300 million. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: US$2.26 (vs US$1.55 in 3Q 2022) Third quarter 2023 results: EPS: US$2.26 (up from US$1.55 in 3Q 2022). Revenue: US$5.78b (up 10% from 3Q 2022). Net income: US$132.9m (up 44% from 3Q 2022). Profit margin: 2.3% (up from 1.8% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 23
Upcoming dividend of US$0.77 per share at 2.2% yield Eligible shareholders must have bought the stock before 30 August 2023. Payment date: 19 September 2023. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (2.6%). Anuncio • Aug 11
Lear Corporation Declares Quarterly Cash Dividend, Payable on September 19, 2023 Lear Corporation 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 September 19, 2023, to shareholders of record at the close of business on August 31, 2023. Recent Insider Transactions • Aug 08
Executive VP & President of Seating recently sold €1.8m worth of stock On the 3rd of August, Frank Orsini sold around 12k shares on-market at roughly €142 per share. This transaction amounted to 61% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €2.2m. Insiders have been net sellers, collectively disposing of €10m more than they bought in the last 12 months. Reported Earnings • Aug 02
Second quarter 2023 earnings released: EPS: US$2.84 (vs US$1.14 in 2Q 2022) Second quarter 2023 results: EPS: US$2.84 (up from US$1.14 in 2Q 2022). Revenue: US$6.00b (up 18% from 2Q 2022). Net income: US$168.7m (up 146% from 2Q 2022). Profit margin: 2.8% (up from 1.4% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 14% per year. Anuncio • Jul 04
Lear Corporation to Report Q2, 2023 Results on Aug 01, 2023 Lear Corporation announced that they will report Q2, 2023 results on Aug 01, 2023 Anuncio • Jun 28
Lear Increases Earnings Guidance for the Full Year 2023 Lear increases earnings guidance for the full year 2023. The company now expects Net Sales of $22,350 million - $23,050 million against previous forecast of $21,200 million - $22,200 million. Recent Insider Transactions • Jun 22
President recently sold €2.2m worth of stock On the 16th of June, Raymond Scott sold around 17k shares on-market at roughly €131 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Raymond has been a net seller over the last 12 months, reducing personal holdings by €2.3m. Upcoming Dividend • Jun 01
Upcoming dividend of US$0.77 per share at 2.5% yield Eligible shareholders must have bought the stock before 08 June 2023. Payment date: 28 June 2023. Payout ratio is a comfortable 43% but the company is paying out more than the cash it is generating. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (4.8%). In line with average of industry peers (2.5%). Anuncio • May 19
Lear Corporation Declares Quarterly Cash Dividend on its Common Stock, Payable on June 28, 2023 Lear Corporation 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 28, 2023, to shareholders of record at the close of business on June 9, 2023. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: US$2.41 (vs US$0.82 in 1Q 2022) First quarter 2023 results: EPS: US$2.41 (up from US$0.82 in 1Q 2022). Revenue: US$5.85b (up 12% from 1Q 2022). Net income: US$143.6m (up 191% from 1Q 2022). Profit margin: 2.5% (up from 0.9% in 1Q 2022). Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Buying Opportunity • Apr 23
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 4.0%. The fair value is estimated to be €151, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Earnings per share has declined by 23%. For the next 3 years, revenue is forecast to grow by 6.8% per annum. Earnings is also forecast to grow by 23% per annum over the same time period. Buying Opportunity • Mar 17
Now 21% undervalued Over the last 90 days, the stock is up 6.8%. The fair value is estimated to be €160, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Earnings per share has declined by 23%. For the next 3 years, revenue is forecast to grow by 7.3% per annum. Earnings is also forecast to grow by 26% per annum over the same time period. Recent Insider Transactions • Mar 08
Insider recently sold €1.1m worth of stock On the 3rd of March, Carl Esposito sold around 8k shares on-market at roughly €134 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €5.6m more than they bought in the last 12 months. Upcoming Dividend • Mar 02
Upcoming dividend of US$0.77 per share at 2.2% yield Eligible shareholders must have bought the stock before 09 March 2023. Payment date: 29 March 2023. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.9%). Recent Insider Transactions • Feb 26
Senior VP & Chief Strategy Officer recently sold €190k worth of stock On the 23rd of February, Alicia Davis sold around 1k shares on-market at roughly €137 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €4.5m more than they bought in the last 12 months. Anuncio • Feb 18
Lear Corporation Declares Quarterly Cash Dividend, Payable on March 29, 2023 Lear Corporation 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 March 29, 2023, to shareholders of record at the close of business on March 10, 2023. Buying Opportunity • Feb 11
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 9.9%. The fair value is estimated to be €163, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Earnings per share has declined by 27%. For the next 3 years, revenue is forecast to grow by 7.1% per annum. Earnings is also forecast to grow by 32% per annum over the same time period. Reported Earnings • Feb 04
Full year 2022 earnings released: EPS: US$5.47 (vs US$6.22 in FY 2021) Full year 2022 results: EPS: US$5.47 (down from US$6.22 in FY 2021). Revenue: US$20.9b (up 8.5% from FY 2021). Net income: US$327.7m (down 12% from FY 2021). Profit margin: 1.6% (down from 1.9% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Anuncio • Feb 03
Lear Corporation Provides Earnings Guidance for the Full Year of 2023 Lear Corporation provided earnings guidance for the full year of 2023. For the year, the company expected net sales to be between $21,200 million to $22,200 million. Recent Insider Transactions • Dec 06
President recently sold €66k worth of stock On the 2nd of December, Raymond Scott sold around 500 shares on-market at roughly €132 per share. This transaction amounted to 2.1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €2.8m. Raymond has been a net seller over the last 12 months, reducing personal holdings by €556k. Upcoming Dividend • Nov 29
Upcoming dividend of US$0.77 per share Eligible shareholders must have bought the stock before 06 December 2022. Payment date: 27 December 2022. Payout ratio is on the higher end at 79%, and the cash payout ratio is above 100%. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.4%). Anuncio • Nov 19
Lear Corporation (NYSE:LEA) acquired Intouch Automation, Inc. Lear Corporation (NYSE:LEA) acquired Intouch Automation, Inc. on November 18, 2022. InTouch employees will join Lear Corporation.Lear Corporation (NYSE:LEA) completed the acquisition of Intouch Automation, Inc. on November 18, 2022. Recent Insider Transactions • Nov 16
Senior VP & CFO recently sold €141k worth of stock On the 10th of November, Jason Cardew sold around 1k shares on-market at roughly €141 per share. This transaction amounted to 9.3% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €172k. This was Jason's only on-market trade for the last 12 months. Anuncio • Nov 16
Lear Corporation Declares Quarterly Cash Dividend, Payable on December 27, 2022 Lear Corporation 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 December 27, 2022, to shareholders of record at the close of business on December 7, 2022. Recent Insider Transactions • Nov 08
Insider recently sold €172k worth of stock On the 3rd of November, Thomas DiDonato sold around 1k shares on-market at roughly €132 per share. This transaction amounted to 6.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.3m more than they bought in the last 12 months. Reported Earnings • Nov 02
Third quarter 2022 earnings released: EPS: US$1.55 (vs US$0.44 loss in 3Q 2021) Third quarter 2022 results: EPS: US$1.55 (up from US$0.44 loss in 3Q 2021). Revenue: US$5.24b (up 23% from 3Q 2021). Net income: US$92.3m (up US$118.8m from 3Q 2021). Profit margin: 1.8% (up from net loss in 3Q 2021). Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Anuncio • Nov 02
Lear Corporation Provides Earnings Guidance for the Full Year of 2022 Lear Corporation provided earnings guidance for the full year of 2022. For the year, the company expected net sales to be between $20,550 million - $21,050 million. Anuncio • Oct 27
Lear Corporation Launches Renewknit Sueded Material Lear Corporation announced the company's premium and fully recyclable ReNewKnit™ sueded material will launch in seating and door panel applications with a global automaker in 2024 ReNewKnit is a Lear exclusive, first-to-market automotive textile that is fully recyclable at its end of life. Manufactured solely with recycled materials at Lear facilities using 100% renewable electricity, ReNewKnit further strengthens the company's sustainable solutions technology portfolio while supporting carbon reduction goals. Composed of 100% recycled plastic bottles, ReNewKnit fibers are spun from polyester yarn and finished with a foam-free, recycled fleece backing that further reduces water and energy consumption in the manufacturing process. The premium material challenges perceptions of reused and recycled textiles with a wide range of surfaces suitable for various interior applications and improved functionality. Developed by Guilford Performance Textiles by Lear, ReNewKnit will be manufactured at company facilities in the United Kingdom and Poland. Anuncio • Sep 27
Lear Corporation Announces Management Changes On September 21, 2022, Thomas A. DiDonato tendered written notice to the Board of Directors of Lear Corporation of his intent to retire from employment with the Company, effective September 30, 2023. In anticipation of his retirement, Mr. DiDonato also tendered written notice of his resignation as Senior Vice President and Chief Administrative Officer, effective January 15, 2023 (the “Effective Date”). Mr. DiDonato will continue to serve as a non-executive employee of the Company, in a transition and advisory role, until the Retirement Date. Harry A. Kemp, who currently serves as the Company’s Senior Vice President, General Counsel and Corporate Secretary, has been appointed to serve as Mr. DiDonato’s replacement as Senior Vice President, Chief Administrative Officer and General Counsel. Anuncio • Sep 17
Lear Corporation to Report Q3, 2022 Results on Nov 01, 2022 Lear Corporation announced that they will report Q3, 2022 results on Nov 01, 2022 Upcoming Dividend • Aug 24
Upcoming dividend of US$0.77 per share Eligible shareholders must have bought the stock before 31 August 2022. Payment date: 20 September 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.8%). Anuncio • Aug 11
Lear Corporation Declares Quarterly Cash Dividend, Payable on September 20, 2022 Lear Corporation 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 September 20, 2022, to shareholders of record at the close of business on September 1, 2022. Reported Earnings • Aug 03
Second quarter 2022 earnings released: EPS: US$1.14 (vs US$2.91 in 2Q 2021) Second quarter 2022 results: EPS: US$1.14 (down from US$2.91 in 2Q 2021). Revenue: US$5.07b (up 6.5% from 2Q 2021). Net income: US$68.5m (down 61% from 2Q 2021). Profit margin: 1.4% (down from 3.7% in 2Q 2021). Over the next year, revenue is forecast to grow 15%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Anuncio • Aug 03
Lear Corporation Provides Sales Guidance for the Year 2022 Lear Corporation provided sales guidance for the year 2022. For the year, the company expected net sales of $20,550 million to $21,050 million. Upcoming Dividend • Jun 02
Upcoming dividend of US$0.77 per share Eligible shareholders must have bought the stock before 09 June 2022. Payment date: 29 June 2022. Payout ratio is a comfortable 63% but the company is paying out more than the cash it is generating. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (3.4%). Recent Insider Transactions • May 26
President recently sold €490k worth of stock On the 24th of May, Raymond Scott sold around 4k shares on-market at roughly €122 per share. This was the largest sale by an insider in the last 3 months. This was Raymond's only on-market trade for the last 12 months. Anuncio • May 21
Lear Corporation (NYSE:LEA) entered into a definitive agreement to acquire I.G.Bauerhin GmbH for €140 million. Lear Corporation (NYSE:LEA) entered into a definitive agreement to acquire I.G.Bauerhin GmbH for €140 million on May 20, 2022. Lear will acquire IGB for €140 million, on a cash- and debt-free basis. IGB generated approximately €205 million in revenue in 2021. The transaction is subject to regulatory approvals and other customary closing conditions. Transaction is expected to close in the next six to nine months. Anuncio • May 05
Lear Corporation Provides Earnings Guidance for the Year 2022 Lear Corporation provided earnings guidance for the year 2022. For the year, the company expected net sales of $20,400 million to $21,200 million. Reported Earnings • May 04
First quarter 2022 earnings released: EPS: US$0.82 (vs US$3.38 in 1Q 2021) First quarter 2022 results: EPS: US$0.82 (down from US$3.38 in 1Q 2021). Revenue: US$5.21b (down 2.7% from 1Q 2021). Net income: US$49.4m (down 76% from 1Q 2021). Profit margin: 0.9% (down from 3.8% in 1Q 2021). Over the next year, revenue is forecast to grow 15%, compared to a 9.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 03
Upcoming dividend of US$0.77 per share Eligible shareholders must have bought the stock before 10 March 2022. Payment date: 30 March 2022. Payout ratio is a comfortable 28% but the company is paying out more than the cash it is generating. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (3.4%). Lower than average of industry peers (3.1%). Reported Earnings • Feb 09
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$6.19 (up from US$2.63 in FY 2020). Revenue: US$19.3b (up 13% from FY 2020). Net income: US$373.9m (up 136% from FY 2020). Profit margin: 1.9% (up from 0.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.0%. Over the next year, revenue is forecast to grow 15% compared to a 3.0% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Anuncio • Feb 09
Lear Corporation Provides Sales Guidance for the Fiscal Year 2022 Lear Corporation provided sales guidance for the fiscal year 2022. for the year, the company expects net sales in the range of $20,800 million to $22,300 million. Upcoming Dividend • Dec 02
Upcoming dividend of US$0.77 per share Eligible shareholders must have bought the stock before 09 December 2021. Payment date: 29 December 2021. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (2.0%). Reported Earnings • Nov 04
Third quarter 2021 earnings released: US$0.44 loss per share (vs US$2.90 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: US$4.27b (down 13% from 3Q 2020). Net loss: US$26.5m (down 115% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Upcoming Dividend • Aug 25
Upcoming dividend of US$0.50 per share Eligible shareholders must have bought the stock before 01 September 2021. Payment date: 21 September 2021. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (1.9%). Reported Earnings • Aug 08
Second quarter 2021 earnings released: EPS US$2.91 (vs US$4.89 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$4.76b (up 95% from 2Q 2020). Net income: US$175.2m (up US$469.1m from 2Q 2020). Profit margin: 3.7% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Anuncio • Aug 08
Lear Corporation Provides Earnings Guidance for the Year 2021 Lear Corporation provided earnings guidance for the year 2021. For the year, the company expects net sales in the range of $19,700 - $20,500 million and Core Operating Earnings in the range of $920 - $1,110 million. Upcoming Dividend • Jun 03
Upcoming dividend of US$0.25 per share Eligible shareholders must have bought the stock before 10 June 2021. Payment date: 30 June 2021. Trailing yield: 0.5%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (2.0%).