Employer of Choice
Lear Rises to #148 on 2018 Fortune 500 List
Fortune magazine released its annual list of the 500 largest U.S.-based companies ranked by annual revenue and based on 2017 revenue Lear Corporation rose three places to #148 from last year's rank of #151. This famous list has been published annually since 1955.
Fortune reported that Lear achieved record sales of $20.467 billion for 2017. When Lear Seating Corporation first went public in 1994, the Company ranked #355 among the Fortune 500 companies with sales of $3.1 billion. In comparison to that year when Lear had 100 global facilities in 19 countries with 35,000 employees, today Lear has 257 sites in 39 countries with approximately 165,000 team members.
According to Fortune, in 2018 companies on the 500 list represent two-thirds of the U.S. GDP with $12.8 trillion in revenues, $1.0 trillion in profits, $21.6 trillion in market value, and employ 28.2 million people worldwide. See the Fortune 500 website's Lear page for more information.
Posted on 5/5/2018