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Last $107.89 USD
Change Today -1.66 / -1.52%
Volume 514.1K
LEA On Other Exchanges
Symbol
Exchange
Stuttgart
As of 8:04 PM 03/6/15 All times are local (Market data is delayed by at least 15 minutes).

lear corp (LEA) Snapshot

Open
$108.70
Previous Close
$109.55
Day High
$109.07
Day Low
$107.57
52 Week High
03/2/15 - $112.21
52 Week Low
10/15/14 - $75.05
Market Cap
8.4B
Average Volume 10 Days
623.5K
EPS TTM
$7.97
Shares Outstanding
78.0M
EX-Date
03/2/15
P/E TM
13.5x
Dividend
$1.00
Dividend Yield
0.79%
Current Stock Chart for LEAR CORP (LEA)

lear corp (LEA) Related Businessweek News

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lear corp (LEA) Details

Lear Corporation designs, develops, engineers, 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 trim 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 and components for traditional powertrain vehicles, as well as for hybrid and electric vehicles. This segment’s products include wiring harnesses, terminals and connectors, junction boxes, battery chargers, 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 amplifiers and vehicle sound systems. Lear Corporation was founded in 1917 and is headquartered in Southfield, Michigan.

125,200 Employees
Last Reported Date: 02/10/15
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
Executive Vice President of Business Developm...
Total Annual Compensation: $818.2K
Senior Vice President of Communications, Faci...
Total Annual Compensation: $645.3K
Compensation as of Fiscal Year 2013.

lear corp (LEA) Key Developments

Lear Corp. Declares Quarterly Dividend, Payable on March 23, 2015

The Board of Lear Corp. increased by 25% the quarterly cash dividend on the company's common stock from $0.20 per share to $0.25 per share. The dividend is payable on March 23, 2015 to shareholders of record at the close of business on March 4, 2015.

Lear Corp. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015

Lear Corp. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net sales of $4,549.7 million compared with $4,256.1 million for the same period a year ago. Consolidated income before income taxes and equity in net loss of affiliates was $219.0 million compared with $131.1 million for the same period a year ago. Net income attributable to Lear was $261.8 million or $3.24 per diluted share compared with $72.8 million or $0.88 per diluted share for the same period a year ago. Net cash provided by operating activities was $516.1 million compared with $390.5 million for the same period a year ago. Adjusted capital expenditures were $143.9 million compared with $131.4 million for the same period a year ago. Free cash flow was $372.2 million compared with $259.1 million for the same period a year ago. Core operating earnings was $280.3 million compared with $208.2 million for the same period a year ago. Adjusted net income attributable to Lear was $183.4 million or $2.27 per diluted share compared with $128.8 million or $1.55 per diluted share for the same period a year ago. For the full year 2015, the company reported net sales of $17,727.3 million compared with $16,234.0 million for the same period a year ago. Consolidated income before income taxes and equity in net income of affiliates was $787.4 million compared with $610.1 million for the same period a year ago. Net income attributable to Lear was $672.4 million or $8.23 per diluted share compared with $431.4 million or $4.99 per diluted share for the same period a year ago. Net cash provided by operating activities was $927.8 million compared with $820.1 million for the same period a year ago. Adjusted capital expenditures were $424.7 million compared with $453.5 million for the same period a year ago. Free cash flow was $503.1 million compared with $366.6 million for the same period a year ago. Core operating earnings was $1,049.6 million compared with $839.4 million for the same period a year ago. Adjusted net income attributable to Lear was $665.9 million or $8.23 per diluted share compared with $510.0 million or $4.99 per diluted share for the same period a year ago. The company provided earnings guidance for the full year of 2015. Sales in 2015 are expected to be in the range of $18.5 to $19.0 billion, and core operating earnings are expected to be in the range of $1.175 to $1.225 billion.  The increased earnings reflect higher sales and improving company margins.  Free cash flow in 2015 is expected to be approximately $575 million. Pretax income before restructuring costs and other special items is estimated to be in the range of $1.08 to $1.13 billion.  Effective tax rate is expected to be approximately 30% in 2015.  Adjusted net income attributable to Lear is expected to be in the range of $720 to $755 million.  Capital spending in 2015 is estimated to be approximately $500 million.

Lear Corp. to Redeem 8.125% Senior Notes Due 2020

On January 29, 2015, Lear Corp. gave notice to the trustee under the indenture, as amended and supplemented, pursuant to which its 8.125% Senior Notes due 2020 (the Notes) were issued, that the Company has elected to redeem all of the outstanding aggregate principal amount of the Notes on March 15, 2015, at a redemption price equal to 104.063% of the aggregate principal amount of the Notes being redeemed. Originally, $350 million in aggregate principal amount of the Notes were issued under the indenture, and as of the date of this Current Report on Form 8-K, $245 million in aggregate principal amount of the Notes is outstanding.

 

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Industry Analysis

LEA

Industry Average

Valuation LEA Industry Range
Price/Earnings 13.3x
Price/Sales 0.5x
Price/Book 2.9x
Price/Cash Flow 12.1x
TEV/Sales 0.3x
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