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Lear (LEA) put its capital return plans back in focus on September 24, raising its share repurchase authorization to US$1.5b and extending the buyback program through the end of 2029. The buyback decision comes after a mixed stretch for Lear’s equity. The 1-day share price return of 3.77% and 7-day gain of 1.72% contrast with a 90-day share price decline of 10.33%, while the 1-year total shareholder return of 24.02% shows that longer term performance has been stronger than the recent...
Investing.com -- Lear Corporation (NYSE:LEA) shares edged 1.3% higher in after-hours trading Thursday following the company's announcement of an increased share repurchase authorization.
Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced that its Board of Directors has approved an increase to the Company's share repurchase authorization to $1.5 billion and extended the authorization period until December 31, 2029.
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