Lear Corporation
- Backlog$3.3 BFY, 2021
- Revenue$19.3 BFY, 2021
- Market Capitalization$7.9 B2022-05-25
OverviewSuggest Edit
Lear Corporation is a company that designs, develops, engineers, manufactures, assembles, and supplies automotive seating and electrical distribution systems. It operates through Seating and E-Systems segments. The Seating segment includes seat systems and related components, such as leather and fabric products, seat trim covers, recliner mechanisms, seat structures, and mechanisms and headrests, as well as thermoelectric seat heating and cooling systems. The E-Systems segment offers electrical distribution systems that route electrical signals and manage electrical power within the vehicle for traditional vehicle architectures, as well as high power and hybrid electric systems. It also offers wireless systems comprising passive entry, remote keyless entry, and dual-range or dual-function remote keyless entry systems.
| Type | Public | |
| Founded | 1917 | |
| HQ | Southfield, MI, US | Map |
| Website | lear.com | |
| Employee Ratings | ||
| Overall Culture | A- | More |
Key People/Management at Lear Corporation
Ray Scott
President, Chief Executive Officer and Director
Frank Orsini
Executive Vice President and President, Seating
Thomas DiDonato
Senior Vice President and Chief Administrative Officer
Jason Cardew
Senior Vice President and Chief Financial Officer
Carl Esposito
Senior Vice President and President, E-Systems
Harry Kemp
Senior Vice President, General Counsel, Corporate Secretary and ESG Lead
Lear Corporation Office Locations
Lear Corporation has offices in Southfield, Columbia City, Duncan, Farwell and in 180 other locations
Southfield, MI, US (HQ)
21557 Telegraph Rd
Columbia City, IN, US
2101 S 600 E
Duncan, SC, US
1200 Woods Chapel Rd
Farwell, MI, US
505 Hoover St
Flint, MI, US
902 E Hamilton Ave
Hammond, IN, US
2204 Michigan St
Lear Corporation Financials and Metrics
Lear Corporation Revenue
Lear Corporation's revenue was reported to be $19.26 b in FY, 2021 which is a 13% increase from the previous period.
| USD | |
|---|---|
Revenue (Q1, 2022) | 5.2b |
Gross profit (Q1, 2022) | 321.5m |
Gross profit margin (Q1, 2022), % | 6.2% |
Net income (Q1, 2022) | 66.6m |
Market capitalization (25-May-2022) | 7.9b |
Closing stock price (25-May-2022) | 129.7 |
Cash (2-Apr-2022) | 1.2b |
Lear Corporation's current market capitalization is $7.9 b.
Annual
Annual
Quarterly
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 |
|---|---|---|---|---|---|---|---|---|
Net Income | 246.1m | 448.1m | 686.7m | 83.6m | (185.9m) | 11.2m | 225.8m | 420.7m |
Depreciation and Amortization | 123.6m | 251.9m | 380.4m | 130.5m | 260.8m | 397.1m | 140.8m | 291.0m |
Inventories | (8.0m) | (42.3m) | (123.5m) | (113.8m) | (11.5m) | (13.6m) | (87.4m) | (199.6m) |
Accounts Payable | 239.6m | 196.3m | 208.8m | (247.6m) | (866.8m) | 124.0m | 42.6m | (232.6m) |
| USD | Q1, 2019 |
|---|---|
Debt/Equity | 0.4 x |
Debt/Assets | 0.2 x |
Financial Leverage | 2.8 x |
Lear Corporation Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| M&N Plastics | March 25, 2021 | |
| Xevo Inc. | April 17, 2019 | $322 m |
| EXO Technologies | January 10, 2018 | |
| EXO Technologies Ltd. | January 01, 2018 | |
| Grupo Antolin's | April 28, 2017 | $292 m |
| AccuMED Holdings Corp. | December 31, 2016 | $148.5 m |
| AccuMED Corp. | December 21, 2016 | $148.5 m |
| Arada Systems | November 30, 2015 | |
| Eagle Ottawa LLC | January 05, 2015 | |
| Guilford Mills | May 31, 2012 | $243 m |
Lear Corporation Revenue Breakdown
Lear Corporation revenue breakdown by business segment: 25.2% from E-Systems and 74.8% from Seating
Lear Corporation revenue breakdown by geographic segment: 21.9% from Asia, 35.0% from Europe and Africa, 39.2% from North America and 3.9% from Other
Lear Corporation Cybersecurity Score
Lear Corporation Environment, Social & Governance (ESG) Ratings
Lear Corporation Online and Social Media Presence
4.22k Twitter followers
Lear Corporation has 4.22k Twitter Followers. The number of followers has increased 1% month over month and increased 2.4% quarter over quarter
Lear Corporation's Trends
Twitter Engagement Stats for @LearCorporation
2.5k
Tweets
622
Following
4.2k
Followers
9
Tweets last 30 days
5.8
Avg. likes per Tweet
100%
Tweets with engagement
Lear Corporation Company Culture
Overall Culture
A-
74/100
CEO Rating
A+
79/100
Compensation
C+
66/100
Diversity
B+
73/100
Lear Corporation News and Updates
November 19, 2021
Lear Corporation Announces Early Results of Previously Announced Cash Tender Offer
SOUTHFIELD, Mich., Nov. 19, 2021 /PRNewswire/ -- Lear Corporation ("Lear", NYSE: LEA) announced today the early results of the previously announced cash tender offer (the "Tender Offer") for up to $200,000,000 (the "Maximum Amount") of its 3.800% Senior Notes due 2027 ("Notes"). The...
November 04, 2021
Lear Corporation Announces Cash Tender Offer for its 3.800% Senior Notes due 2027
SOUTHFIELD, Mich., Nov. 4, 2021 /PRNewswire/ -- Lear Corporation ("Lear", NYSE: LEA) announced today that it has commenced a cash tender offer (the "Tender Offer") for up to $200,000,000 aggregate principal amount, as may be increased or decreased by Lear (the "Maximum Amount"), of its...
April 16, 2020
Lear Corporation A Good Buy at $88?
After a 37% decline in Lear Corporation’s stock since the beginning of 2020, at the current price of $88 per share, we believe LEA’s stock has a good upside potential, after the coronavirus situation ends, though the stock is likely to remain around the current level for now considering the impact..
January 24, 2019
Lear Corporation Appoints Mei-Wei Cheng to Board of Directors
SOUTHFIELD, Mich., Jan. 24, 2019 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader, today announced that Mei-Wei Cheng has been appointed to Lear's Board of Directors. Mr. Cheng currently serves as the Non-Executive Chairman of the Board of Directors of...
October 24, 2018
Automotive Interior Component Global Market 2018: Key Players Toyota Boshoku, Lear Corporation, Sage Automotive
Pune, India, 24th October 2018: WiseGuyReports announced addition of new report, titled “Global Automotive Interior Component Market – Trends & Forecast, 2016-2022”. Posted via Industry Today. Follow us on Twitter @IndustryToday
October 23, 2018
Global Light Vehicle Seating Market Report 2018 - Forecast to 2033 with Exclusive Interviews with Faurecia, Magna Seating & Lear Corporation
DUBLIN, Oct. 23, 2018 /PRNewswire/ -- The "Global Light Vehicle Seating Market - Forecasts to 2033" report has been added to ResearchAndMarkets.com's offering. This report provides a comprehensive overview of the global light vehicle seating sector, major suppliers, top 14 markets,...
Lear Corporation Blogs
May 20, 2022
Lear to Acquire I.G. Bauerhin, a Global Leader in Seat Climate Control
Acquisition to accelerate strategy in thermal comfort solutions SOUTHFIELD, Mich. , May 20, 2022 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems , today announced it has entered into a definitive agreement to acquire I.G.
March 24, 2022
Lear Announces Date for First Quarter 2022 Earnings Conference Call
Lear Announces Date for First Quarter 2022 Earnings Conference Call
Content Import
Thu, 03/24/2022 - 16:17
Lear Announces Date for First Quarter 2022 Earnings Conference Call
03/24/2022
This release is a backfill from a News Wire
General
…
March 09, 2022
Lear Selected as Supplier for 2024 Chevrolet Silverado EV
Lear's Seating products will be featured in electric pickup with estimated 400-mile range1 SOUTHFIELD, Mich. , March 9, 2022 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive-technology leader in Seating and E-Systems , today announced that it has been selected by General Motors to
February 16, 2022
Lear to Participate in Wolfe Research Virtual Global Auto, Auto Tech & Mobility Conference
Lear to Participate in Wolfe Research Virtual Global Auto, Auto Tech & Mobility Conference
Content Import
Wed, 02/16/2022 - 17:32
Lear to Participate in Wolfe Research Virtual Global Auto, Auto Tech & Mobility Conference
02/16/2022
This release is a ba…
February 03, 2022
Lear Named One of FORTUNE'S 2022 Most Admired Companies
Company makes list for the 6th consecutive year SOUTHFIELD, Mich. , Feb. 3, 2022 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems , has been named to FORTUNE magazine's "World's Most Admired Companies" list for the sixth consecutive year.
January 25, 2022
Lear Announces Date for Fourth Quarter and Full Year 2021 Earnings Conference Call
SOUTHFIELD, Mich. , Jan. 25, 2022 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, will hold a conference call to review the company's fourth quarter and full year 2021 financial results and related matters on February 8, 2022 , at 8:30
Lear Corporation Frequently Asked Questions
When was Lear Corporation founded?
Lear Corporation was founded in 1917.
Who are Lear Corporation key executives?
Lear Corporation's key executives are Ray Scott, Frank Orsini and Thomas DiDonato.
How many employees does Lear Corporation have?
Lear Corporation has 160,100 employees.
What is Lear Corporation revenue?
Latest Lear Corporation annual revenue is $19.3 b.
What is Lear Corporation revenue per employee?
Latest Lear Corporation revenue per employee is $120.3 k.
Who are Lear Corporation competitors?
Competitors of Lear Corporation include Aptiv, Magna International and Faurecia.
Where is Lear Corporation headquarters?
Lear Corporation headquarters is located at 21557 Telegraph Rd, Southfield.
Where are Lear Corporation offices?
Lear Corporation has offices in Southfield, Columbia City, Duncan, Farwell and in 180 other locations.
How many offices does Lear Corporation have?
Lear Corporation has 185 offices.
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