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Lear Corp. (LEA)
:LEA
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
2.64Last Year’s EPS
3.18Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: 4.45%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Neutral
The earnings call presents a mixed sentiment. Lear Corporation reported strong revenue and earnings growth, significant share repurchase activities, and strategic advancements in China and product innovation. However, these positives are counterbalanced by a decline in sales and operating margins, challenges in the E-Systems segment, a reduced sales backlog, and overall market production challenges.Company Guidance
During the Lear Corporation Fourth Quarter and Full Year 2024 Earnings Conference Call, several key financial metrics and strategic initiatives were highlighted, providing guidance for the future. The company reported $23.3 billion in revenue for 2024, with core operating earnings of $1.1 billion, representing 4.7% of net sales. Adjusted earnings per share increased by 5% to $12.62, attributed to share repurchase programs and higher earnings. Operating cash flow and free cash flow were $1.1 billion and $561 million, respectively. Lear exceeded its $325 million share repurchase target by repurchasing $400 million worth of shares. The company announced a reduction in global headcount by 15,000, surpassing targets in both the seating and E-Systems segments. Revenue growth outpaced the market by two percentage points, with E-Systems outperforming by six points. The introduction of "Idea by Lear" and strategic acquisitions in automation and digitization were noted as key initiatives. Lear also highlighted significant growth with Chinese OEMs, securing new contracts and expanding its market share. For 2025, Lear anticipates $75 million in cost savings from automation investments, growing to $150 million annually. The company aims to maintain capital expenditure below 3% of revenue and expects operational margins to improve, targeting a 5% run rate by the end of 2025.Record Revenue and Earnings Growth
Lear Corporation generated $23.3 billion of revenue in 2024, with a 5% increase in adjusted earnings per share, marking the fourth consecutive year of growth in this metric.
Strong Free Cash Flow and Share Repurchase
Lear achieved their target of 80% free cash flow conversion, surpassing the $325 million share repurchase target by buying back $400 million worth of shares.
Strategic Growth in China
Revenue from Chinese domestic automakers grew from 20% to 33% in 2024 and is expected to increase to more than 37% in 2025, with significant new launches planned.
Innovation and Product Launches
Lear introduced the Comfort Flex module and ComfortMax seat, securing 19 contracts and expanding their competitive edge in the market.
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LEA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LEA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 06, 2025 | $93.44 | $94.66 | +1.31% |
| Oct 24, 2024 | $104.17 | $97.43 | -6.47% |
| Jul 25, 2024 | $114.82 | $119.05 | +3.68% |
| Apr 30, 2024 | $134.44 | $123.31 | -8.28% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Lear Corp. (LEA) report earnings?
Lear Corp. (LEA) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Lear Corp. (LEA) earnings time?
Lear Corp. (LEA) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LEA EPS forecast?
LEA EPS forecast for the fiscal quarter 2025 (Q1) is 2.64.
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