Abstract: A lead straightening and trimming apparatus for the leads of electrical components such as stators. The apparatus includes a pallet having positioning posts which position the stators on the pallet and also position coils within the stator. The apparatus also includes a rotating helical pick-up tool which is movable between a retracted position and an extended position adjacent to a component supporting pallet having lead retaining posts. The pick-up tool operates to capture the free ends of leads extending from posts provided by the pallets. Upon retraction, the pick-up tool moves the associated free ends of the leads to a partially straightened gripping position. The apparatus also includes a combined gripper straightening and cutting apparatus which grips the associated lead adjacent to the pallet post with a force insufficient to cut the lead. Retraction of the gripper straightens the portion of the lead extending from the retaining post of the pallet.