Lear (LEA) reports better-than-expected second-quarter results and expects full-year net sales in the band of $23.23-$23.67 billion, down from the previous guidance of $24-$24.6 billion.
Lear Corporation (NYSE:LEA ) Q2 2024 Earnings Call July 25, 2024 9:00 AM ET Company Participants Tim Brumbaugh - Vice President, Investor Relations Ray Scott - President and Chief Executive Officer Jason Cardew - Senior Vice President and Chief Financial Officer Conference Call Participants John Murphy - Bank of America Joe Spak - UBS Dan Levy - Barclays James Picariello - BNP Paribas Itay Michaeli - Citi Mark Delaney - Goldman Sachs Operator Good morning, everyone and welcome to the Lear Corporation Second Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode.
Although the revenue and EPS for Lear (LEA) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Lear (LEA) came out with quarterly earnings of $3.60 per share, beating the Zacks Consensus Estimate of $3.34 per share. This compares to earnings of $3.33 per share a year ago.
Lear (LEA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Lear (LEA) completes the acquisition of WIP Industrial Automation to enhance its operational efficiency and better manage macroeconomic challenges.