Lear Corporation

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.
TypePublic
Founded1917
HQSouthfield, MI, US
Websitelear.com
Employee Ratings3.8
Overall CultureA-

Latest Updates

Employees (est.) (Dec 2021)160,100(-8%)
Job Openings488
Revenue (FY, 2021)$19.3 B(+14%)
Share Price (May 2022)$129.7(+2%)
Cybersecurity ratingBMore
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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
Thomas DiDonato

Thomas DiDonato

Senior Vice President and Chief Administrative Officer
Jason Cardew

Jason Cardew

Senior Vice President and Chief Financial Officer
Carl Esposito

Carl Esposito

Senior Vice President and President, E-Systems
Harry Kemp

Harry Kemp

Senior Vice President, General Counsel, Corporate Secretary and ESG Lead
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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
Show all (185)

Lear Corporation Financials and Metrics

Lear Corporation Revenue

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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
USDFY, 2019FY, 2020FY, 2021

Revenue

19.8b17.0b19.3b

Revenue growth, %

(6%)(14%)13%

Cost of goods sold

18.1b15.9b17.9b

Gross profit

1.7b1.1b1.4b
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

4.5b2.4b4.9b5.4b4.8b4.3b5.2b

Cost of goods sold

4.1b2.6b4.5b4.9b4.4b4.0b4.9b

Gross profit

334.2m(127.4m)442.8m492.8m401.4m226.7m321.5m

Gross profit Margin, %

7%(5%)9%9%8%5%6%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

1.5b1.3b1.3b

Accounts Receivable

3.0b3.3b3.0b

Inventories

1.3b1.4b1.6b

Current Assets

6.4b6.8b6.8b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Cash

1.2b1.3b1.3b2.4b1.8b1.3b1.4b1.4b1.1b1.2b

Accounts Receivable

3.5b3.5b3.3b2.5b2.4b3.4b3.4b3.0b2.9b3.2b

Inventories

1.2b1.2b1.3b1.3b1.2b1.3b1.5b1.6b1.8b1.6b

Current Assets

6.6b6.7b6.6b6.9b6.0b6.6b7.0b6.9b6.6b6.9b
Annual
USDFY, 2019FY, 2020

Net Income

830.7m233.9m

Depreciation and Amortization

509.9m539.9m

Inventories

(69.1m)(107.7m)

Accounts Payable

(5.5m)214.0m
Quarterly
USDQ1, 2019

Debt/Equity

0.4 x

Debt/Assets

0.2 x

Financial Leverage

2.8 x
Show all financial metrics

Lear Corporation Operating Metrics

Lear Corporation's Backlog was reported to be $3.3b in FY, 2021.
FY, 2019FY, 2020FY, 2021

Backlog

$2.7 b$2.8 b$3.3 b

Countries

393838

Manufacturing Facilities

257251253

Patents and Patent Applications

2.3 k2.3 k2.6 k

Lear Corporation Acquisitions / Subsidiaries

Company NameDateDeal Size
M&N PlasticsMarch 25, 2021
Xevo Inc.April 17, 2019$322 m
EXO TechnologiesJanuary 10, 2018
EXO Technologies Ltd.January 01, 2018
Grupo Antolin'sApril 28, 2017$292 m
AccuMED Holdings Corp.December 31, 2016$148.5 m
AccuMED Corp.December 21, 2016$148.5 m
Arada SystemsNovember 30, 2015
Eagle Ottawa LLCJanuary 05, 2015
Guilford MillsMay 31, 2012$243 m
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Lear Corporation Revenue Breakdown

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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

Human Capital Metrics

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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

    A-

    74/100

  • CEO Rating

    A+

    79/100

  • Compensation

    C+

    66/100

  • Diversity

    B+

    73/100

Learn more on Comparably

Lear Corporation News and Updates

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...

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...

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,...
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Lear Corporation Blogs

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.

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 …

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

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…

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.

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
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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 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.