Lear Announces Date for Fourth Quarter and Full Year 2024 Earnings Conference Call

Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, has scheduled its fourth quarter and full year 2024 earnings conference call for February 6, 2025, at 9:00 a.m. EST. The company will review financial results and related matters during the call. Participants can join via a toll-free number (877-883-0383) or international line (412-902-6506) using conference code 1508209.

A live audio webcast will be available in listen-only mode on Lear's Investor Relations website, with a replay accessible two hours after the call. The Q4 and full year 2024 slide presentation will be available on the company's website before the earnings call begins.

In the third quarter of 2024, Lear generated revenue that outperformed the industry by 3 percentage points globally, with outgrowth in both Seating and E-Systems. The company accelerated the pace of its share repurchases, allowing it to increase adjusted earnings per share despite lower industry volumes. Lear launched the first ComfortFlex module, combining heat, ventilation, and massage, with Volvo, and secured new business awards for ComfortFlex modules with a premium European automaker and Hyundai. The company also won eight top-three finishes in the J.D. Power 2024 U.S. Seat Quality and Satisfaction StudySM, including a sweep of all three awards in the Premium Car category.



Lear's strong performance in the third quarter of 2024 builds on its record quarterly revenue of $6.0 billion in the second quarter, a modest increase compared to the second quarter of 2023. The company's total company growth over market was 3 percentage points, with 7 percentage points in E-Systems and 2 percentage points in Seating. Net income was $173 million, and adjusted net income was $206 million, compared to $169 million and $198 million, respectively, in the second quarter of 2023. Core operating earnings were $302 million, flat compared to the second quarter of 2023.



Lear's continued growth and strong financial performance are driven by its strategic focus on thermal comfort systems, investments in advanced manufacturing and automation, and a diversified customer base. The company's acquisition of IGB in 2023 added new product technology and scale to its growing thermal comfort systems business, resulting in increased market share and higher margins in the Seating segment. Lear's investments in advanced manufacturing and automation have contributed to its operational excellence, enabling it to develop innovative products and improve its manufacturing processes.

As Lear looks ahead to the fourth quarter and full year 2024, investors can expect the company to continue its strong performance and growth trajectory. The company's earnings conference call on February 6, 2025, will provide an opportunity for investors to learn more about Lear's financial results and related matters, as well as its strategic initiatives and growth prospects.