Lear Corp (NYSE:LEA) shares are trading higher Thursday after the company reported better-than-expected financial results for the fourth quarter.
Lear generated net cash from operations of $681 million and free cash flow of $489 million in the fourth quarter. The company said it repurchased $101 million of its stock and paid $42 million in dividends in the quarter.
“Lear delivered solid results in 2024 despite continuing macroeconomic and industry headwinds, with both segments outgrowing the market,” said Ray Scott, president and CEO of Lear.
“Strong cash flow generation enabled us to return $574 million of cash through share repurchases and dividends. Margins in E-Systems improved for the second consecutive year, and investments in automation through IDEA by Lear and footprint optimization will improve margins in both segments.”
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Looking Ahead: Lear expects full-year 2025 revenue to be in the range of $21.88 billion to $22.88 billion versus estimates of $23 billion, according to Benzinga Pro. The company anticipates full-year adjusted EBITDA of $1.54 billion to $1.80 billion and full-year free cash flow of $430 million to $630 million.
LEA Price Action: Lear shares were up 2.05% at $95.41 at the time of publication Thursday, per Benzinga Pro.
This illustration was generated using artificial intelligence via Midjourney.
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