Exchange: NYSE·Updated 07:31 PM EDT
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LEA Lear Corp.

$118.74
$0.50
(0.42%)
Today
Closed $118.03
$0.71
(0.60%)
After Hours
EarningsOct 30
Mkt Cap$5.85B
Vol540,079.00

About LEA

Lear Corp. engages in the design, manufacture and supply of automotive seats, electrical distribution systems and electronic modules, as well as related sub-systems, components, and software. It operates through the Seating and E-Systems segments. The Seating segment consists of the design, engineering, just-in-time assembly and delivery of complete seat systems, as well as the manufacture of all major seat components, including seat covers and surface materials such as leather and fabric, seat structures and mechanisms, seat foam and headrests. The E-System segment engages in the design, development, engineering and manufacture of electrical distribution systems, as well as electronic control modules, electrification products, connectivity products and software solutions for the cloud, vehicles and mobile devices. The company was founded in 1917 and is headquartered in Southfield, MI.
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Lear Corporation announced that its Board approved increasing its share repurchase authorization to $1.5 billion and extending the program through December 31, 2029. At the end of Q2 2026, Lear had about $600 million remaining under its previous authorization, which was set to expire on December 31, 2026. The new authorization represents roughly 26% of Lear’s current market capitalization. Repurchases may be conducted through open-market purchases, accelerated share repurchase programs, privately negotiated transactions and other structured buyback arrangements. Since launching its repurchase program in 2011, Lear has bought back 63.6 million shares for $6.1 billion through Q2 2026, reducing its shares outstanding by approximately 60%. The automotive technology company said the expanded authorization reflects confidence in its business outlook and free cash flow generation. $LEA

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