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Lear Corp (LEA.N)

LEA.N on New York Stock Exchange

172.40USD
4:02pm EDT
Change (% chg)

$0.65 (+0.38%)
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$171.75
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$171.90
Volume
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Latest Key Developments (Source: Significant Developments)

IAC Group Receives Strategic Investment From Gamut Capital
Friday, 6 Apr 2018 08:01am EDT 

April 6 (Reuters) - International Automotive Components Group::IAC GROUP RECEIVES STRATEGIC INVESTMENT FROM GAMUT CAPITAL MANAGEMENT.AS PART OF RECAPITALIZATION, IAC TO ISSUE $215 MILLION SENIOR SECURED NOTES DUE APRIL 2023 TO FUNDS MANAGED BY GAMUT CAPITAL.GAMUT WILL ALSO ACQUIRE A MINORITY EQUITY INTEREST IN IAC AND NOMINATE REPRESENTATIVES TO BOARD.SAYS WL ROSS AND FRANKLIN MUTUAL ADVISERS WILL REMAIN CO'S MAJORITY SHAREHOLDERS.  Full Article

Lear Increases Share Repurchase Authorization To $1.5 Bln, Raises Quarterly Cash Dividend By 40 Pct
Wednesday, 14 Feb 2018 07:00am EST 

Feb 14 (Reuters) - Lear Corp ::LEAR INCREASES SHARE REPURCHASE AUTHORIZATION TO $1.5 BILLION AND RAISES QUARTERLY CASH DIVIDEND BY 40% FROM $0.50 TO $0.70 PER SHARE.LEAR - ‍BOARD AUTHORIZED AN INCREASE IN COMPANY'S SHARE REPURCHASE AUTHORIZATION TO $1.5 BILLION AND EXTENDED AUTHORIZATION PERIOD UNTIL DECEMBER 31, 2020​.LEAR CORP - BOARD RAISED QUARTERLY CASH DIVIDEND ON COMPANY'S COMMON STOCK BY 40% FROM $0.50 PER SHARE TO $0.70 PER SHARE.  Full Article

Lear To Acquire Exo Technologies
Monday, 11 Dec 2017 07:00am EST 

Dec 11 (Reuters) - Lear Corp ::LEAR TO ACQUIRE EXO TECHNOLOGIES, A DEVELOPER OF GPS TECHNOLOGY FOR AUTONOMOUS AND CONNECTED VEHICLE APPLICATIONS.LEAR CORP - FINANCIAL TERMS OF TRANSACTION WERE NOT DISCLOSED..  Full Article

CEO Matt Simoncini to retire on February 28, 2018​
Thursday, 16 Nov 2017 07:00am EST 

Nov 16 (Reuters) - Lear Corp -:Lear president and CEO Matt Simoncini announces retirement date.Lear Corp - ‍Matt Simoncini has elected to retire as president, CEO and a director of Lear Corporation effective February 28, 2018​.Lear - ‍upon Simoncini's retirement, Ray Scott will be appointed president and chief executive officer as well as member of Lear's board of directors​.  Full Article

Norges Bank reports a 5.11 percent passive stake in Lear Corp as of Oct 26
Friday, 27 Oct 2017 10:19am EDT 

Oct 27 (Reuters) - Norges Bank :Norges Bank reports a 5.11 percent passive stake in Lear Corp as of October 26, 2017 - SEC filing‍​.  Full Article

Lear says Q3 adjusted earnings per share $3.96
Wednesday, 25 Oct 2017 07:00am EDT 

Oct 25 (Reuters) - Lear Corp -:Lear reports record third quarter 2017 results and increases full year financial outlook.Q3 sales $5.0 billion versus I/B/E/S view $4.84 billion.Q3 adjusted earnings per share $3.96.Sees FY 2017 sales about $20.4 billion.Q3 earnings per share view $3.74 -- Thomson Reuters I/B/E/S.Lear Corp - ‍free cash flow is expected to be approximately $1,150 million in 2017​.Lear Corp - ‍core operating earnings are expected to be about $1,700 million​ in 2017.FY2017 earnings per share view $16.60, revenue view $20.07 billion -- Thomson Reuters I/B/E/S.Lear Corp - ‍net cash provided by operating activities is estimated to be $1,735 million​ in 2017.Lear Corp - sees ‍capital expenditures of $585 million and depreciation and amortization expense to be about $420 million for FY 2017​.  Full Article

Lear Corporation breaks ground on new facility in Flint
Monday, 2 Oct 2017 01:30pm EDT 

Oct 2 (Reuters) - Lear Corp ::Lear Corporation breaks ground on new facility in Flint.156,000-sq.ft. facility in Flint to begin production of seats by April 2018​.  Full Article

Lear Corp says collaborating with Honeywell on automotive cybersecurity software solutions​
Tuesday, 12 Sep 2017 07:31am EDT 

Sept 12 (Reuters) - Honeywell International Inc :Lear Corp - co, Honeywell collaborating on automotive cybersecurity software solutions​.Lear-Co,Honeywell working under non-exclusive agreement to develop system to identify,validate software commands,data generated by code governing vehicle operations​.  Full Article

Lear Corp to construct new automotive seat manufacturing facility in Flint, Michigan
Wednesday, 23 Aug 2017 07:00am EDT 

Aug 23 (Reuters) - Lear Corp :Lear Corporation confirms plans to construct a new world-class automotive seat manufacturing facility in Flint, Michigan.New facility will provide jobs for about 600 workers once plant reaches full employment..Says ‍confirmed plans to construct a new automotive seat manufacturing facility in Flint​.Lear Corp - will begin construction of seat manufacturing facility this fall, with completion scheduled for early 2018.  Full Article

Lear announces pricing of $750 mln senior notes offering
Monday, 14 Aug 2017 05:02pm EDT 

Aug 14 (Reuters) - Lear Corp :Lear announces pricing of $750 million senior notes offering.Lear Corp - ‍priced an underwritten public offering of $750 million in aggregate principal amount of 3.80% senior unsecured notes due 2027​.Lear Corp - ‍offering is expected to close on August 17, 2017​.  Full Article

BRIEF-Lear Names Rashida Thomas Chief Diversity Officer

* LEAR NAMES RASHIDA THOMAS CHIEF DIVERSITY OFFICER Source text for Eikon: Further company coverage: