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Last $104.61 USD
Change Today +0.79 / 0.76%
Volume 842.4K
LEA On Other Exchanges
Symbol
Exchange
New York
Stuttgart
As of 2:15 PM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

lear corp (LEA) Snapshot

Open
$102.89
Previous Close
$103.82
Day High
$104.76
Day Low
$102.89
52 Week High
06/23/15 - $118.50
52 Week Low
10/15/14 - $75.05
Market Cap
8.0B
Average Volume 10 Days
1.8M
EPS TTM
$9.14
Shares Outstanding
76.7M
EX-Date
06/3/15
P/E TM
11.5x
Dividend
$1.00
Dividend Yield
0.86%
Current Stock Chart for LEAR CORP (LEA)

lear corp (LEA) Related Businessweek News

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lear corp (LEA) Details

Lear Corporation designs, develops, engineers, manufactures, assembles, and supplies automotive seating, electrical distribution systems, and related components primarily to automotive original equipment manufacturers worldwide. It operates through two segments, Seating and Electrical. The Seating segment provides seats and related components, such as seat structures and mechanisms, seat trim covers, seat foam, headrests, seat frames, recliner mechanisms, and seat tracks primarily for automobiles and light trucks, compact cars, and sport utility vehicles. The Electrical segment provides electrical distribution systems and components for traditional powertrain vehicles, as well as for hybrid and electric vehicles. This segment’s products include wiring harnesses, terminals and connectors, junction boxes, battery chargers, electronic control modules, and wireless control devices; passive entry systems, remote keyless entry, and dual range/dual function remote keyless entry systems; lighting control modules; LED lighting control systems for the vehicle interior and exterior; and amplifiers and vehicle sound systems. Lear Corporation was founded in 1917 and is headquartered in Southfield, Michigan.

125,200 Employees
Last Reported Date: 02/10/15
Founded in 1917

lear corp (LEA) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.3M
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $708.3K
Executive Vice President and President of Sea...
Total Annual Compensation: $828.2K
Senior Vice President and President of Electr...
Total Annual Compensation: $683.1K
Executive Vice President of Business Developm...
Total Annual Compensation: $828.2K
Compensation as of Fiscal Year 2014.

lear corp (LEA) Key Developments

Lear Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 27, 2015; Revises Earnings and Production Guidance for 2015

Lear Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 27, 2015. For the quarter, net sales were $4,635.1 million against $4,585.1 million a year ago. Consolidated income before income taxes and equity in net income of affiliates was $256.3 million against $201.4 million a year ago. Net income attributable to the company was $181.9 million or $2.33 per diluted share against $148.5 million or $1.81 per diluted share a year ago. Net cash provided by operating activities was $474.6 million against $229.2 million a year ago. Capital expenditures was $114.1 million against $92.7 million a year ago. Free cash flow was $360.5 million against $136.5 million a year ago. Core operating earnings was $337.4 million against $274.7 million a year ago. Adjusted net income attributable to the company was $219.8 million or $2.82 per diluted share against $173.6 million or $2.12 per diluted share a year ago. For the six months, net sales were $9,156.5 million against $8,944.9 million a year ago. Consolidated income before income taxes and equity in net income of affiliates was $462.6 million against $370.7 million a year ago. Net income attributable to the company was $329.2 million or $4.19 per diluted share against $270.5 million or $3.28 per diluted share a year ago. Net cash provided by operating activities was $408.0 million against $175.0 million a year ago. Capital expenditures was $212.9 million against $189.1 million a year ago. Free cash flow was $240.8 million against negative free cash flow of $14.1 million a year ago. Core operating earnings was $631.0 million against $517.9 million a year ago. Adjusted net income attributable to the company was $400.3 million or $5.10 per diluted share against $325.6 million or $3.95 per diluted share a year ago. The company has increased its full year 2015 financial outlook for earnings and free cash flow. Sales in 2015 are expected to be in the range of $18.0 to $18.5 billion, consistent with prior guidance. Core operating earnings are expected to be in the range of $1.225 to $1.275 billion, up from the prior range of $1.175 to $1.225 billion. Free cash flow is expected to be approximately $625 million, up $50 million from the prior guidance. Pretax income before restructuring costs and other special items is estimated to be in the range of $1.13 to $1.18 billion in 2015. Effective tax rate is expected to be approximately 30%. Adjusted net income is expected to be in the range of $760 to $795 million. Depreciation and amortization expense is estimated to be about $365 million, down $20 million from the prior outlook. The outlook for pretax operational restructuring costs and capital spending is unchanged at approximately $80 million and $500 million, respectively. 2015 financial outlook is based on industry vehicle production assumptions of 17.5 million units in North America, up 1% from the prior outlook, 21.1 million units in Europe & Africa, up 2% from the prior outlook and 22.5 million units in China, down 2% from the prior outlook. Lear's financial guidance is based on an average full year exchange rate of $1.10/Euro, down 17% from 2014 and in line with April 2015 guidance.

Lear Corp. Mulls Acquisitions

Lear Corp. (NYSE:LEA) is seeking acquisitions. Matt Simoncini, President, Chief Executive Officer and Director of Lear Corp. said on being asked about acquisitions, “It could be.” Matt Simoncini confirmed that the focus of acquisitions would be much more on technology and incremental content as opposed to actual capacity and new business.

Lear Corp. to Report Q2, 2015 Results on Jul 24, 2015

Lear Corp. announced that they will report Q2, 2015 results at 9:00 AM, Eastern Daylight on Jul 24, 2015

 

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