Lear Corp.

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Lear Says Signs Agreement For Joint Venture With Hu Lane For Connector Products

Published: 09/22/2021 07:40 GMT
Lear Corp. (LEA) - Lear Signs Agreement for Joint Venture With Hu Lane for Connector Products.
Joint Venture to Expand Global Offering of Competitive Connection Systems Portfolio.
Assuming Expected Regulatory Approvals Are Obtained, Joint Venture Will Be Based Initially in Yangzhou, China.
Anticipate Regulatory Approval and Joint Venture Management to Be Appointed During Q4 2021.
Lear Will Own a Majority Equity Interest in Joint Venture and Will Consolidate Its Financial Results.
Revenue is expected to be $4.57 Billion
Adjusted EPS is expected to be $1.23

Next Quarter Revenue Guidance is expected to be $4.96 Billion
Next Quarter EPS Guidance is expected to be $2.30

More details on our Analysts Page.