Lear, a global automotive technology leader in Seating and E-Systems, enables superior in-vehicle experiences for consumers around the world. Our diverse team of talented employees in 39 countries is driven by a commitment to innovation, operational excellence, and sustainability. Lear is Making every drive better™ by providing the technology for safer, smarter, and more comfortable journeys. Lear, headquartered in Southfield, Michigan, serves every major automaker in the world and ranks 166 on the Fortune 500.
Company profile
Ticker
LEA
Exchange
Website
CEO
Raymond Scott
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Icahn Enterprises • Magna International • Adient • Aptiv • Autoliv • BorgWarner • Visteon • Dana • Allison Transmission • Garrett Motion ...
Former names
LEAR CORP /DE/, LEAR SEATING CORP
SEC CIK
Corporate docs
Subsidiaries
AccuMED Corp. • AccuMED Holdings Corp. • Autotech Fund II, L.P. • Beijing BAI Lear Automotive Systems Co., Ltd. • Beijing BHAP Lear Automotive Systems Co., Ltd. • Beijing Lear Hyundai Transys Co., Ltd. • CelLink Corporation • Changchun Lear FAWSN Automotive Electrical Co., Ltd. • Changchun Lear FAWSN Automotive Seat Systems Co., Ltd. • Chihuahua Electrical Wiring Systems S. de R.L. de C.V. ...
IRS number
133386776
LEA stock data
Analyst ratings and price targets
Latest filings (excl ownership)
10-K
2022 FY
Annual report
9 Feb 23
8-K
Lear Reports Fourth Quarter and Full Year 2022 Results
2 Feb 23
10-Q
2022 Q3
Quarterly report
1 Nov 22
8-K
Lear Reports Third Quarter 2022 Results
1 Nov 22
8-K
Departure of Directors or Certain Officers
26 Sep 22
UPLOAD
Letter from SEC
8 Sep 22
CORRESP
Correspondence with SEC
23 Aug 22
UPLOAD
Letter from SEC
4 Aug 22
10-Q
2022 Q2
Quarterly report
2 Aug 22
8-K
Lear Reports Second Quarter 2022 Results
2 Aug 22
Transcripts
LEA
Earnings call transcript
2022 Q4
2 Feb 23
LEA
Earnings call transcript
2022 Q3
1 Nov 22
LEA
Earnings call transcript
2022 Q2
2 Aug 22
LEA
Earnings call transcript
2022 Q1
3 May 22
LEA
Earnings call transcript
2021 Q4
8 Feb 22
LEA
Earnings call transcript
2021 Q3
2 Nov 21
LEA
Earnings call transcript
2021 Q2
6 Aug 21
LEA
Earnings call transcript
2021 Q1
7 May 21
LEA
Earnings call transcript
2020 Q4
4 Feb 21
LEA
Earnings call transcript
2020 Q3
30 Oct 20
Latest ownership filings
4
RAYMOND E SCOTT
13 Mar 23
144
Notice of proposed sale of securities
9 Mar 23
4
Carl A. Esposito
7 Mar 23
144
Notice of proposed sale of securities
3 Mar 23
4
Alicia J. Davis
24 Feb 23
4
MEI WEI CHENG
21 Feb 23
4
Marianne VIdershain
15 Feb 23
4
RAYMOND E SCOTT
14 Feb 23
SC 13G/A
HARRIS ASSOCIATES L P
14 Feb 23
4
JONATHAN F FOSTER
10 Feb 23
Financial summary
| Quarter (USD) | Dec 22 | Oct 22 | Jul 22 | Apr 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 1.12 bn | 1.12 bn | 1.12 bn | 1.12 bn | 1.12 bn | 1.12 bn |
| Cash burn (monthly) | (no burn) | 16.99 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | n/a | 50.41 mm | n/a | n/a | n/a | n/a |
| Cash remaining | n/a | 1.07 bn | n/a | n/a | n/a | n/a |
| Runway (months of cash) | n/a | 62.8 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2022
98.1% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 429 |
| Opened positions | 75 |
| Closed positions | 38 |
| Increased positions | 135 |
| Reduced positions | 150 |
| 13F shares | Current |
|---|---|
| Total value | 7.13 tn |
| Total shares | 58.01 mm |
| Total puts | 64.20 k |
| Total calls | 40.90 k |
| Total put/call ratio | 1.6 |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 8.57 mm | $1.06 tn |
| Pzena Investment Management | 6.87 mm | $851.46 bn |
| Vanguard | 5.69 mm | $705.40 bn |
| STT State Street | 2.39 mm | $296.37 bn |
| Massachusetts Financial Services | 2.20 mm | $273.31 bn |
| Capital International Investors | 1.78 mm | $221.44 bn |
| BEN Franklin Resources | 1.74 mm | $215.98 bn |
| Harris Associates L P | 1.62 mm | $201.21 bn |
| FMR | 1.45 mm | $180.19 bn |
| Dimensional Fund Advisors | 1.29 mm | $161.54 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 9 Mar 23 | Raymond E Scott | Common Stock | Sell | Dispose S | No | Yes | 138.5 | 11,260 | 1.56 mm | 16,740 |
| 3 Mar 23 | Carl A. Esposito | Common Stock | Sell | Dispose S | No | No | 142 | 8,000 | 1.14 mm | 19,415 |
| 23 Feb 23 | Alicia J. Davis | Common Stock | Sell | Dispose S | No | No | 144.62 | 1,390 | 201.02 k | 3,341 |
| 20 Feb 23 | Cheng Mei Wei | Common Stock | Option exercise | Acquire M | No | No | 0 | 175 | 0.00 | 1,012 |
| 20 Feb 23 | Cheng Mei Wei | Common Stock | Option exercise | Acquire M | No | No | 0 | 237 | 0.00 | 837 |
| 20 Feb 23 | Cheng Mei Wei | Deferred Stock Units Common Stock | Option exercise | Dispose M | No | No | 0 | 175 | 0.00 | 700 |
| 20 Feb 23 | Cheng Mei Wei | Deferred Stock Units Common Stock | Option exercise | Dispose M | No | No | 0 | 237 | 0.00 | 708 |
| 14 Feb 23 | Marianne VIdershain | Common Stock | Sell | Dispose S | No | No | 141.44 | 267 | 37.76 k | 272 |
News
Where Lear Stands With Analysts
22 Mar 23
Morgan Stanley Maintains Equal-Weight on Lear, Raises Price Target to $135
22 Mar 23
Citigroup Maintains Neutral on Lear, Lowers Price Target to $143
7 Feb 23
Benzinga's Top Ratings Upgrades, Downgrades For February 6, 2023
6 Feb 23
Evercore ISI Group Downgrades Lear to In-Line, Lowers Price Target to $145
6 Feb 23
Press releases
Lear Wins a General Motors 2022 Supplier of the Year Award
24 Mar 23
Lear's CFO, Jason Cardew, to Participate in a Fireside Chat with Bank of America
13 Mar 23
Lear Declares Quarterly Cash Dividend
17 Feb 23
Lear to Participate in the Wolfe Research Global Auto, Auto Tech, and Auto Consumer Conference
6 Feb 23
Lear Reports Fourth Quarter and Full Year 2022 Results and Provides Full Year 2023 Outlook
2 Feb 23