Headquartered in Southfield, MI Fiscal year ends December NYSE: LEA lear.com
Lear Corporation is an automotive supplier that designs, manufactures and delivers seating and electrical/electronic systems to the world's major automakers. It reports two segments.
**Seating** (the larger segment) produces complete seat systems and seat components. These include comfort technologies such as ComfortFlex, ComfortMax Seat and FlexAir.
**E-Systems** supplies wire harnesses, electrical distribution and electronics, and is winding down non-core electronics programs.
Lear generates revenue across North America, Europe and Africa, Asia and South America. It tracks content per vehicle in its major regions. Customers include North American automakers, Mercedes, JLR, Mahindra & Mahindra, BYD and Chinese EV makers.
The company is pursuing operational efficiency through its IDEA by Lear technology and automation initiative and ongoing restructuring. It is building a complete seat plant in Orion, Michigan. Lear returns capital through a long-running share repurchase program (begun in 2011) and a regular dividend. Updated
Lear grew 4 percentage points over a declining market, beating EPS expectations while revenue came in just under estimates. Buybacks are shrinking the base: diluted share count fell to 49.9 million from 53.7 million, with $1.5 billion authorized through 2029.
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Lear Corporation is an automotive supplier that designs, manufactures and delivers seating and electrical/electronic systems to the world's major automakers. It reports two segments. **Seating** (the larger segment) produces complete seat systems and seat components.
24/7 Wall St.'s 12-month price target for LEA is $152.29, rated Buy. The Wall Street consensus target is $146.36. LEA price prediction →
