OverviewSuggest Edit

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, US
Websitelear.com
Employee Ratings3.8
Overall CultureB

Latest Updates

Employees (est.) (Dec 2019)164,100(-2%)
Job Openings87
Revenue (FY, 2020)$17 B(-13%)
Share Price (Apr 2021)$179.1(-1%)
Cybersecurity ratingBMore

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
Thomas DiDonato

Thomas DiDonato

Senior Vice President and Chief Administrative Officer
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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
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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 (FY, 2020)

17.0b

Gross profit (FY, 2020)

1.1b

Gross profit margin (FY, 2020), %

6.5%

Net income (FY, 2020)

233.9m

Market capitalization (7-Apr-2021)

10.8b

Closing stock price (7-Apr-2021)

179.1

Cash (31-Dec-2020)

1.3b

EV

11.8b
Lear Corporation's current market capitalization is $10.8 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, 2020

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

11%11%11%9%10%10%7%(5%)9%
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, 2020

Cash

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

Accounts Receivable

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

Inventories

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

Current Assets

7.1b6.8b6.6b6.6b6.7b6.6b6.9b6.0b6.6b
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)
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 Cybersecurity Score

Cybersecurity ratingPremium dataset

B

81/100

SecurityScorecard logo

Lear Corporation Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Lear Corporation Online and Social Media Presence

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Lear Corporation Company Culture

  • Overall Culture

    B

    71/100

  • CEO Rating

    A

    77/100

  • Compensation

    C+

    66/100

  • Diversity

    A-

    75/100

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Lear Corporation News and Updates

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..

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...

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

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 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...
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Lear Corporation Blogs

Lear Announces Date for First Quarter 2021 Earnings Conference Call

Lear Announces Date for First Quarter 2021 Earnings Conference Call Content Import Wed, 04/14/2021 - 16:16 Lear Announces Date for First Quarter 2021 Earnings Conference Call 04.14.2021 This release is a backfill from a News Wire General …

Lear Expands Connection Systems Business Portfolio

Lear acquires M&N Plastics, a leader in specialized electrical distribution components SOUTHFIELD, Mich. , March 25, 2021 /PRNewswire/ --  Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems , today announced that it has acquired M&N Plastics, a priva…

Lear to Participate in Bank of America Virtual Global Automotive Summit

Lear to Participate in Bank of America Virtual Global Automotive Summit Content Import Tue, 03/23/2021 - 16:16 Lear to Participate in Bank of America Virtual Global Automotive Summit 03.23.2021 This release is a backfill from a News Wire General…

Lear to Host Virtual E-Systems Product Day

Lear to Host Virtual E-Systems Product Day Content Import Mon, 03/15/2021 - 16:16 Lear to Host Virtual E-Systems Product Day 03.15.2021 This release is a backfill from a News Wire General SOUTHFIELD, Mich., March 15, 2021 /PRNewsw…

Lear's Pine Grove Facility Manufactures Over 4 Million Face Masks

Lear's Pine Grove Facility Manufactures Over 4 Million Face Masks Content Import Thu, 03/04/2021 - 09:02 Lear's Pine Grove Facility Manufactures Over 4 Million Face Masks 03.04.2021 This release is a backfill from a News Wire General …

Lear to Participate in Wolfe Research Virtual Global Auto, Auto Tech, and Mobility Conference

Lear to Participate in Wolfe Research Virtual Global Auto, Auto Tech, and Mobility Conference Content Import Thu, 02/18/2021 - 16:17 Lear to Participate in Wolfe Research Virtual Global Auto, Auto Tech, and Mobility Conference 02.18.2021 This release is a back…
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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.