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Lear Corp LEA Stock Quote

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Morningstar‘s Stock Analysis LEA

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Economic Moat

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Lear Benefits From Growing Premium Automotive Seating and Vehicular Electrical/Electronics Content

Richard Hilgert Senior Equity Analyst

Business Strategy and Outlook

| Richard Hilgert |

In our opinion, Lear's revenue will grow in excess of increases in annual worldwide light-vehicle production. The company is well-positioned to capitalize on several trends in the global automotive industry, including automakers' focus on high-quality interiors, premium-vehicle segment growth, the proliferation of automotive electronics, and battery electric vehicles. Lear competes in the markets for vehicle seating and automotive electrical and electronic architecture. A culture of continuous innovation, high switching costs for customers, highly integrated engineering relationships with customers, and lengthy vehicle programs provide Lear with sticky market share.

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Key Statistics LEA

Company Profile LEA

Business Description

Lear designs, develops, and manufactures automotive seating and electrical systems and components. Seating components include frames and mechanisms, covers (leather and woven fabric), seat heating and cooling, foam, and headrests. Automotive electrical distribution and connection systems and electronic systems include wiring harnesses, terminals and connectors, on-board battery chargers, high voltage battery management systems, high voltage power distribution systems, domain controllers, telematics control units, gateway modules, vehicle positioning for automated and autonomous driving, embedded control software, cloud and mobile device software and services, and cybersecurity.

Contact
21557 Telegraph Road
Southfield, MI, 48033
T +1 248 447-1500
Industry Auto Parts
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 160,100

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