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Lear (LEA)

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
Former names
LEAR CORP /DE/, LEAR SEATING CORP
SEC CIK
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

Calendar

3 May 22
2 Jul 22
31 Dec 22
Quarter (USD) Apr 22 Dec 21 Oct 21 Jul 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
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) 1.16B 1.16B 1.16B 1.16B 1.16B 1.16B
Cash burn (monthly) 52.17M 17.81M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 158.16M 53.99M n/a n/a n/a n/a
Cash remaining 1.01B 1.11B n/a n/a n/a n/a
Runway (months of cash) 19.3 62.4 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
27 Jun 22 Raymond E Scott Common Stock Sell Dispose S No Yes 134.92 6,143 828.81K 54,097
26 May 22 Mallett Conrad L JR Common Stock Sell Dispose S No No 130.74 764 99.89K 0
26 May 22 Alicia J. Davis Common Stock Sell Dispose S No No 135.14 2,659 359.34K 1,949
24 May 22 Greg C Smith Common Stock Sell Dispose S No No 129.57 1,531 198.37K 0
24 May 22 Raymond E Scott Common Stock Sell Dispose S No No 131.38 4,000 525.52K 60,240
99.5% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 397 437 -9.2%
Opened positions 45 70 -35.7%
Closed positions 85 62 +37.1%
Increased positions 148 140 +5.7%
Reduced positions 148 152 -2.6%
13F shares Current Prev Q Change
Total value 11.04B 13.92B -20.7%
Total shares 59.48M 59.69M -0.3%
Total puts 268.9K 176.6K +52.3%
Total calls 199.7K 136.9K +45.9%
Total put/call ratio 1.3 1.3 +4.4%
Largest owners Shares Value Change
BLK Blackrock 8.25M $1.18B +6.1%
PZN Pzena Investment Management 6.27M $893.4M +21.4%
Vanguard 5.53M $788.82M +0.6%
Harris Associates L P 3.27M $466.19M -3.9%
Capital International Investors 3.06M $437.26M +47.9%
FMR 2.74M $390.33M -6.8%
STT State Street 2.46M $351.23M +0.5%
Allspring Global Investments 1.93M $275.82M +3.1%
Massachusetts Financial Services 1.93M $275.4M -20.5%
BEN Franklin Resources 1.88M $268.65M +11.9%
Largest transactions Shares Bought/sold Change
PZN Pzena Investment Management 6.27M +1.1M +21.4%
Capital International Investors 3.06M +993.22K +47.9%
Massachusetts Financial Services 1.93M -498.2K -20.5%
BLK Blackrock 8.25M +473K +6.1%
Alliancebernstein 101.44K -467.76K -82.2%
Candlestick Capital Management 0 -455K EXIT
Lord, Abbett & Co. 0 -432.17K EXIT
IVZ Invesco 172.43K -416.59K -70.7%
Norges Bank 0 -387.3K EXIT
JPM JPMorgan Chase & Co. 158K -279.04K -63.8%

Financial report summary

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Management Discussion
  • We are a global automotive technology leader in Seating and E-Systems, enabling superior in-vehicle experiences for consumers around the world. We supply seating, electrical distribution and connection systems and electronic systems to all of the world's major automotive manufacturers.
  • Lear is built on a foundation and strong culture of innovation, operational excellence, and engineering and program management capabilities. We use our product, design and technological expertise, as well as our global reach and competitive manufacturing footprint, to achieve our financial goals and objectives. These include continuing to deliver profitable growth (balancing risks and returns); investing in innovation to drive business growth and profitability; maintaining a strong balance sheet with investment grade credit metrics; and consistently returning capital to our stockholders. Further, we have aligned our strategy with the key trends affecting our business — electrification, connectivity, autonomy and shared mobility. At Lear, we are Making every drive betterTM by providing technology for safer, smarter and more comfortable journeys, while adhering to our values — Be Inclusive. Be Inventive. Get Results the Right Way.
  • Our business is organized under two reporting segments: Seating and E-Systems. Each of these segments has a varied product and technology range across a number of component categories.

Content analysis

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