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Lear Corporation

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Lear Corporation is a company that designs, develops, engineers, manufactures, assembles, and supplies automotive seating and electrical distribution systems. The company 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.

TypePublic
Founded1917
HQSouthfield, MI, USMap
Websitelear.com
Employee Ratings3.8More
Overall CultureB+More
View Jobs (492)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)164,100(-2%)
Job Openings492
Revenue (FY, 2020)$17 B(-13%)
Share Price (Jul 2021)$163.7(-3%)

Key People/Management at Lear Corporation

Ray Scott

Ray Scott

President, Chief Executive Officer and Director
Frank Orsini

Frank Orsini

Executive Vice President and President, Seating
John Absmeier

John Absmeier

Chief Technology Officer
Jason Cardew

Jason Cardew

Senior Vice President and Chief Financial Officer
Harry Kemp

Harry Kemp

Senior Vice President, General Counsel, Corporate Secretary and ESG Lead
Patricia L. Lewis

Patricia L. Lewis

Director
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Lear Corporation Office Locations

Lear Corporation has offices in Southfield, Columbia City, Duncan, Farwell and in 183 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
Show all (188)

Lear Corporation Financials and Metrics

Lear Corporation Revenue

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Lear Corporation's revenue was reported to be $17.05 b in FY, 2020
USD

Revenue (Q1, 2021)

5.4b

Gross profit (Q1, 2021)

492.8m

Gross profit margin (Q1, 2021), %

9.2%

Net income (Q1, 2021)

225.8m

EBIT (Q1, 2021)

307.4m

Market capitalization (16-Jul-2021)

9.8b

Closing stock price (16-Jul-2021)

163.7

Cash (3-Apr-2021)

1.4b

EV

10.8b
Lear Corporation's current market capitalization is $9.8 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

20.5b21.1b19.8b17.0b

Revenue growth, %

3%(6%)

Cost of goods sold

18.2b18.8b18.1b15.9b

Gross profit

2.3b2.3b1.7b1.1b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

5.7b5.6b4.9b5.2b5.0b4.8b4.5b2.4b4.9b5.4b

Cost of goods sold

5.1b4.9b4.4b4.7b4.5b4.4b4.1b2.6b4.5b4.9b

Gross profit

631.4m638.1m526.3m473.2m478.2m459.3m334.2m(127.4m)442.8m492.8m

Gross profit Margin, %

11%11%11%9%10%10%7%(5%)9%9%
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Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

1.5b1.5b1.5b1.3b

Accounts Receivable

3.2b2.9b3.0b3.3b

Inventories

1.2b1.2b1.3b1.4b

Current Assets

6.6b6.3b6.4b6.8b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

1.3b1.3b1.2b1.2b1.3b1.3b2.4b1.8b1.3b1.4b

Accounts Receivable

3.8b3.4b3.3b3.5b3.5b3.3b2.5b2.4b3.4b3.4b

Inventories

1.3b1.2b1.3b1.2b1.2b1.3b1.3b1.2b1.3b1.5b

Current Assets

7.1b6.8b6.6b6.6b6.7b6.6b6.9b6.0b6.6b7.0b
show all
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

1.4b1.2b830.7m233.9m

Depreciation and Amortization

427.7m484.4m509.9m539.9m

Inventories

(76.0m)(32.5m)(69.1m)(107.7m)

Accounts Payable

195.3m(199.3m)(5.5m)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

374.2m729.2m1.0b246.1m448.1m686.7m83.6m(185.9m)11.2m203.7m

Depreciation and Amortization

120.2m242.0m361.8m123.6m251.9m380.4m130.5m260.8m397.1m140.8m

Inventories

(35.0m)(69.2m)(117.5m)(8.0m)(42.3m)(123.5m)(113.8m)(11.5m)(13.6m)(87.4m)

Accounts Payable

227.9m153.1m(33.2m)239.6m196.3m208.8m(247.6m)(866.8m)124.0m42.6m
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USDFY, 2017

Revenue/Employee

124.0k

Debt/Equity

0.5 x

Debt/Assets

0.2 x

Financial Leverage

2.8 x
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Lear Corporation Operating Metrics

Lear Corporation's Backlog was reported to be $2.7b in FY, 2019.
FY, 2014FY, 2015FY, 2016FY, 2018FY, 2019

Backlog

$2 b$2 b$2.8 b$3.35 b$2.7 b

Countries

3436373939

Manufacturing Facilities

219240243261257

Patents and Patent Applications

2 k2.1 k2.2 k2.3 k
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Lear Corporation Acquisitions / Subsidiaries

Company NameDateDeal Size
EXO Technologies Ltd.January 01, 2018
AccuMED Holdings Corp.December 31, 2016$148.5 m
Arada SystemsNovember 30, 2015
Eagle Ottawa LLCJanuary 05, 2015
Guilford MillsMay 31, 2012
China New Trend Group Co., LtdJune 18, 2008$30 m
Grote & HartmannApril 05, 2004
United Technologies AutomotiveMay 04, 1999
Dunlop Cox LimitedJune 06, 1997
AccuMED Corp.
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Lear Corporation Revenue Breakdown

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Lear Corporation revenue breakdown by business segment: 76.2% from Seating and 23.8% from E-Systems

Lear Corporation revenue breakdown by geographic segment: 20.0% from Asia, 39.3% from Europe and Africa, 37.2% from North America and 3.5% from Other

Human Capital Metrics

Source: www.lear.com
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Lear Corporation Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

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Lear Corporation Online and Social Media Presence

Lear Corporation's Trends

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Lear Corporation Company Culture

  • Overall Culture

    B+

    72/100

  • CEO Rating

    A+

    78/100

  • Compensation

    B

    71/100

  • Diversity

    A-

    75/100

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Lear Corporation News and Updates

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,...
August 13, 2018

Lear Corporation Celebrates Grand Opening of Flint, Michigan, Seat Manufacturing Facility

SOUTHFIELD, Mich., Aug. 13, 2018 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a leading global supplier of automotive seating and electrical systems, celebrated the grand opening of a new manufacturing seating facility in Flint, Michigan on August 11, 2018. The event was attended by...
May 17, 2018

Lear Corporation: Primed For A Breakout

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Lear Corporation Blogs

July 22, 2021

Lear Appoints Alicia Davis Chief Strategy Officer to Drive Advancement and Execution of Long-Term Growth Strategy

Lear Appoints Alicia Davis Chief Strategy Officer to Drive Advancement and Execution of Long-Term Growth Strategy Content Import Thu, 07/22/2021 - 08:05 Lear Appoints Alicia Davis Chief Strategy Officer to Drive Advancement and Execution of Long-Term Growth Strategy 07.22.20…
June 24, 2021

Lear Named by General Motors as a 2020 Supplier of the Year and Overdrive Award Winner

SOUTHFIELD, Mich. , June 24, 2021 /PRNewswire/ --  Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems , today announced that it was recognized as a GM Supplier of the Year during General Motors' 29th annual Supplier of the Year ceremony.
June 16, 2021

Lear, IMS Connector Systems partner on high speed ethernet solutions

Lear, IMS Connector Systems partner on high speed ethernet solutions Content Import Wed, 06/16/2021 - 08:03 Lear, IMS Connector Systems partner on high speed ethernet solutions 06.16.2021 This release is a backfill from a News Wire General …
June 10, 2021

Lear to Participate in Deutsche Bank Global Auto Industry Conference

Lear to Participate in Deutsche Bank Global Auto Industry Conference Content Import Thu, 06/10/2021 - 16:15 Lear to Participate in Deutsche Bank Global Auto Industry Conference 06.10.2021 This release is a backfill from a News Wire General …
May 26, 2021

Lear Releases 2020 Sustainability Report, Highlighting Innovations and a Strategic Roadmap for a Sustainable Future

Lear's safe and smart technologies enable current, future mobility trends SOUTHFIELD, Mich. , May 26, 2021 /PRNewswire/ --  Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems , today announced the release of its 2020 Sustainability Report , highlighting the
May 26, 2021

Lear to Participate in KeyBanc Capital Markets Industrials and Basic Materials Conference

SOUTHFIELD, Mich. , May 26, 2021 /PRNewswire/ --  Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems , will participate in a fireside chat on June 4, 2021 , at the virtual KeyBanc Capital Markets Industrials and Basic Materials Conference .
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 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 John Absmeier.

  • How many employees does Lear Corporation have?

    Lear Corporation has 164,100 employees.

  • What is Lear Corporation revenue?

    Latest Lear Corporation annual revenue is $17 b.

  • What is Lear Corporation revenue per employee?

    Latest Lear Corporation revenue per employee is $103.9 k.

  • Who are Lear Corporation competitors?

    Competitors of Lear Corporation include Press Kogyo, Aptiv and Magna International.

  • 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 183 other locations.

  • How many offices does Lear Corporation have?

    Lear Corporation has 188 offices.