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

Wesley ParkFriday, Jan 10, 2025 8:35 am ET
3min read


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.

LEA Total Revenue interval growth rate
Name
Date
Total Revenue interval growth rate%
LearLEA
20230630-20240630
0.22


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.
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DumbStocker
01/10
Automation and manufacturing investments are paying off. Operational excellence is the unsung hero here.
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AlmightyAntwan12
01/10
Lear's thermal tech is 🔥. Watch them dominate the comfort market.
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meowmeowmrcow
01/10
Gonna hold $LEA, strong fundamentals, long-term play.
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xcrowsx
01/10
Volvo collab looks comfy, future is now.
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Hamlerhead
01/10
@xcrowsx Yessir
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CrimsonBrit
01/10
E-Systems flex hard, Seating catches up soon?
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aj_cohen
01/10
Curious how Lear will navigate potential supply chain hiccups. Their diversity could be a game-changer though.
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Oleksandr_G
01/10
I'm holding $LEA long-term. Seating and E-Systems are killing it. Gotta love that diversified base.
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Overlord1317
01/10
J.D. Power recognitions are no joke. Lear's seats are top-tier. Quality shines in the market.
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spanishdictlover
01/10
Lear's thermal tech is 🔥. Watch them dominate the comfort market. $LEA is a sleeper hit. 🚀
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goodpointbadpoint
01/10
Lear's thermal tech is 🔥 in the auto game.
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SmallVegetable4365
01/10
IGB acquisition was a masterstroke. Lear expanded its thermal comfort game and boosted margins. Smart move.
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googo69
01/10
3% outgrowth globally? That's beast mode activated. Wonder how they'll keep it up in 2025.
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NinjaImaginary2775
01/10
@googo69 What do you think about their thermal comfort move?
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serenity561
01/10
$LEA's record revenue and strong net income make it a solid pick. Not just another automaker play.
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CommonEar474
01/10
E-Systems growth is insane, 7% points lead. Lear's not just keeping up, they're setting the pace.
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LonnieJaw748
01/10
@CommonEar474 Lear's E-Systems lead is no joke, they're carving out a solid niche.
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SHIT_ON_MY_BALLS
01/10
@CommonEar474 E-Systems growth is wild, but can they maintain it?
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grailly
01/10
Volvo collab is lit. ComfortFlex is the future. Lear's got the tech to disrupt. 🌟
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maximalsimplicity
01/10
@grailly Agreed, ComfortFlex is 🔥.
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falcongrinder
01/10
@grailly What's next for Lear?
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