Last $98.51 USD
Change Today +0.28 / 0.29%
Volume 197.0K
LEA On Other Exchanges
Symbol
Exchange
New York
Stuttgart
As of 6:40 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

lear corp (LEA) Snapshot

Open
$98.63
Previous Close
$98.23
Day High
$99.03
Day Low
$98.31
52 Week High
09/8/14 - $103.74
52 Week Low
02/3/14 - $71.57
Market Cap
7.8B
Average Volume 10 Days
562.9K
EPS TTM
$6.96
Shares Outstanding
79.3M
EX-Date
12/9/14
P/E TM
14.2x
Dividend
$0.80
Dividend Yield
0.81%
Current Stock Chart for LEAR CORP (LEA)

lear corp (LEA) Related Businessweek News

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lear corp (LEA) Details

Lear Corporation designs, manufactures, assembles, and supplies automotive seating, electrical distribution systems, and related components primarily to automotive original equipment manufacturers worldwide. It operates through two segments, Seating and Electrical. The Seating segment provides seats and related components, such as seat structures and mechanisms, seat covers, seat foam, headrests, seat frames, recliner mechanisms, and seat tracks primarily for automobiles and light trucks, compact cars, and sport utility vehicles. The Electrical segment provides electrical distribution systems for traditional powertrain vehicles, as well as for hybrid and electric vehicles. This segment’s products include wiring harnesses, terminals and connectors, junction boxes, electronic control modules, and wireless control devices; passive entry systems, remote keyless entry, and dual range/dual function remote keyless entry systems; lighting control modules; LED lighting control systems for the vehicle interior and exterior; and audio systems, such as amplifiers and vehicle sound systems. Lear Corporation was founded in 1917 and is headquartered in Southfield, Michigan.

122,300 Employees
Last Reported Date: 02/11/14
Founded in 1917

lear corp (LEA) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.2M
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $683.6K
Executive Vice President and President of Sea...
Total Annual Compensation: $818.2K
Vice President
Total Annual Compensation: $427.3K
Executive Vice President of Business Developm...
Total Annual Compensation: $818.2K
Compensation as of Fiscal Year 2013.

lear corp (LEA) Key Developments

Lear Plans to Lay Off 100 Workers at Canadian Seat Plant

Lear announced that it has plans to lay off 74 full-time and 32 temporary workers at its manufacturing plant in Whitby, Ontario (Canada), as General Motors (GM) is changing production volumes at its plant in Oshawa, Ontario. The lay-offs are effective from December 23, 2014.

Lear Corporation Declares Quarterly Cash Dividend, Payable on December 30, 2014

Lear Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share on the company's common stock. The dividend is payable on December 30, 2014 to shareholders of record at the close of business on December 11, 2014.

Lear Corp. Announces Amended and Restated Credit Agreement to Increase Aggregate Commitments Under Revolving Credit Facility to $1.25 Billion

Lear Corporation, announced that it has amended and restated its existing credit agreement to increase aggregate commitments under its revolving credit facility to $1.25 billion and to establish a $500 million delayed draw term loan facility. Lear initiated these financing actions to increase its financial flexibility and take advantage of attractive market conditions in anticipation of the closing of its previously announced acquisition of Eagle Ottawa. The Eagle Ottawa acquisition is expected to close in the first quarter of 2015 subject to customary conditions, including regulatory approvals. The maturity of the revolving credit facility has been extended to November 14, 2019, and the term loan will mature five years from the initial funding date thereof. In addition, the amended and restated credit agreement contains revised covenants, providing Lear with greater operating flexibility than its previous credit facility. Lenders under the new credit facility include JPMorgan Chase Bank, N.A., Barclays Bank PLC, Citibank, N.A., Bank of America, N.A., Royal Bank of Canada and HSBC Bank USA, N.A.

 

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Industry Analysis

LEA

Industry Average

Valuation LEA Industry Range
Price/Earnings 16.7x
Price/Sales 0.5x
Price/Book 2.5x
Price/Cash Flow 15.0x
TEV/Sales 0.3x
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