Lear Corp (NYSE:LEA)
$ 131.19 0.13 (0.1%) Market Cap: 7.45 Bil Enterprise Value: 9.29 Bil PE Ratio: 14.31 PB Ratio: 1.53 GF Score: 86/100

Lear Corp at Wolfe Research Global Auto, Auto Tech, and Mobility Conference (Virtual) Transcript

Feb 25, 2021 / 03:50PM GMT
Release Date Price: $163.58 (-2.76%)
Rod Avraham Lache
Wolfe Research, LLC - MD & Senior Analyst

Hi, everybody. Welcome back to our next session at the Wolfe Auto and Autotech Conference. I'm very pleased for this session to be talking to the management of Lear.

As all of you know, Lear has 2 principal divisions, 64% of sales roughly, say 75% of sales comes from the company's Seating division, and then 26% comes from E-Systems. That E-Systems business includes components that basically make up the data and electrical network within the car. Of course, wire harnesses and terminals and connectors, electronics, software, that's all in there.

And what's interesting right now is with the continued growth in vehicle electrification, which has been clearly a big theme of this conference increasing data connectivity, another big theme. Mary Barra, Jim Farley talked to us about that yesterday. Think about that and then think about Lear's positioning in the kinds of technologies that it has, the high-voltage terminals and connectors, DC/DC converters, chargers, battery management systems, a lot of technology for connectivity

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