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WIKI ANALYSIS
Lear Corporation (LEA) is one of the largest independent automotive parts suppliers in the world, with a 9% global share. It is among the leading providers of seating and electrical distribution systems to the automotive industry. The company is in the third position both in North America and the world in these product lines. The company has operations in 33 countries. Sales are 55% in North America, 39% in Europe and the rest in other areas. About 55% of sales are in automobiles, while 45% of sales are in trucks. The company has 65% OEM exposure.
The company conducts its business in the following segments: Seating, which includes seating systems and related components (65% of sales) and Electronic and Electrical (17% of sales), which supplies distribution systems, such as wire harnesses and wireless systems. As a leading integrator of complete automotive systems, LEA seeks to benefit from the trend toward outsourcing, as well as from increasing electronic content in vehicles.
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