Leggett & Platt

Leggett & Platt, Inc. engages in the manufacture and distribution of furniture and engineered components and products among homes, offices, automobiles, and commercial aircraft. It operates through the following segments: Bedding, Flooring, Furniture & Textile, and Specialized Products. The Bedding Products segment supplies products and components for the home, including mattress springs and specialty foam, as well as adjustable beds, bedding machinery, steel rod, and drawn wire. The Flooring, Furniture & Textile Products segment is a producer of an extensive line of components and engineered systems for office, residential, and contract furniture manufacturers. The Specialized Products segment supplies titanium, nickel, and stainless-steel tubing for the aerospace industry, and serves the construction market with its hydraulic cylinders group. The company was founded by J. P. Products and C. B. Platt in 1883 and is headquartered in Carthage, MO.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Leggett & Platt reports mixed 2022 results, eyes aerospace growth

Leggett & Platt's 2022 performance showed mixed results with sales growth but lower earnings.
The company faces challenges in supply chains and softening demand in key segments.
However, opportunities exist in aerospace, hydraulic cylinders, and improved cash flow generation.
Strategic focus on critical investments and working capital management for future growth.

Leggett & Platt reports mixed Q1 results, eyes Automotive recovery

Leggett & Platt's Q1 2023 performance showed mixed results across segments, with challenges in the Bedding and Specialty foam businesses.
The company's focus on cash generation and balance sheet strength remains a key strength.
Opportunities lie in Automotive cost recovery, consumer spending trends, and growth in specialized product segments.
Maintaining guidance and monitoring market dynamics will be crucial for navigating future uncertainties.

Leggett & Platt Q2 2023: Sales Decline Amid Challenges, Recovery Opportunities

Leggett & Platt faced sales decline and earnings challenges in Q2 2023, impacted by market conditions and segment-specific issues.
Strengths lie in the Specialized Products segment growth, strategic focus on value enhancement, and cash flow priorities set by the new CFO.
Challenges include soft demand in bedding and furniture segments, along with depleted backlogs affecting sales, while opportunities exist in market stabilization and inventory management.

Leggett & Platt reports Q3 sales decline, focuses on cash management

Leggett & Platt faced challenges in sales decline and lowered guidance amid macroeconomic uncertainties but demonstrated strong cash flow and debt management.
The company's diversified portfolio showed resilience, with opportunities in stable housing market demand and managing price-cost dynamics for profitability.
Analysts raised concerns about segment weaknesses and operational challenges, while management expressed confidence in navigating market headwinds.
Optimism exists about consumer spending strength despite economic concerns, positioning Leggett & Platt for potential growth opportunities.

Leggett & Platt navigates challenges, focuses on restructuring and pricing

Leggett & Platt faced a tough Q4 and full year, focusing on restructuring and optimizing operations. While challenges persist in the Bedding and Furniture segments, opportunities exist in specialized products and effective cash management. Pricing adjustments and market alignment are key strategies for navigating uncertainties.

Leggett & Platt Q1 2024: Challenges and Opportunities Amid Restructuring

Leggett & Platt's Q1 2024 performance reflects challenges in certain segments but also highlights strategic priorities towards deleveraging and operational improvements. The company is navigating market competition, restructuring, and cost management to drive profitability and growth.

Leggett & Platt reports Q2 earnings decline, navigates market challenges

Leggett & Platt's Q2 2024 performance reflects a challenging environment with sales decline and earnings impact from a noncash charge.
The company's strengths in restructuring progress, shareholder focus, and employee empowerment position it for resilience amidst market challenges.
Challenges from lower demand, Automotive market volatility, and segment-specific issues require strategic responses for sustained growth.
Opportunities exist for Leggett & Platt to leverage its strengths, adapt to market dynamics, and drive future growth and profitability.

Leggett & Platt reports Q3 challenges, focuses on efficiency improvements

Leggett & Platt faced challenges in Q3 2024 due to weaker demand in key markets, but efficiency improvements and restructuring efforts are driving positive results.
Despite sales decline, the company's focus on operational efficiency and debt reduction is strengthening its financial position.
The revised 2024 outlook sets clear targets for sales, adjusted EPS, and EBIT margin, indicating a strategic approach to navigate market challenges.
Addressing challenges in residential and automotive markets while capitalizing on opportunities for operational enhancement will be key for future success.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Leggett & Platt, Inc. engages in the manufacture and distribution of furniture and engineered components and products among homes, offices, automobiles, and commercial aircraft. It operates through the following segments: Bedding Products, Specialized Products, and Furniture, Flooring & Textile Products. The Bedding Products segment supplies products and components for the home, including mattress springs and specialty foam, as well as adjustable beds, bedding machinery, steel rod, and drawn wire. The Specialized Products segment supplies titanium, nickel, and stainless-steel tubing for the aerospace industry, and serves the construction market with its hydraulic cylinders group. The Flooring, Furniture & Textile Products segment produces an extensive line of components and engineered systems for office, residential, and contract furniture manufacturers. The company was founded by J. P. Products and C. B. Platt in 1883 and is headquartered in Carthage, MO.

Coca-Cola

There are still plenty of great options out there for investors seeking reliable, above-average income.

My 3 Top Dividend Stocks for October

Leggett & Platt took on a sizeable chunk of debt to acquire Elite Comfort Solutions at the beginning of 2019. The benefits appear to be flowing through to net income with Leggett & Platt consistently beating analysts' EPS estimates. SA Analysts have reacted by significantly upping EPS estimates.

Leggett & Platt Stock Price Lagging EPS Growth

Last month, Leggett & Platt announced its 50th consecutive dividend increase, which makes it a prestigious Dividend King. Leggett & Platt's adjusted EPS payout ratio appears safe considering that its payout ratio will be in the high-50% to low-60% range this year.

Leggett & Platt: An Underappreciated Dividend King

LaZBoy

Sleep Number

WillScot Mobile Mini

Although rising inflation and supply-chain disruptions pose risks, an improving housing market along with a focus on digitization and product innovation raise hopes for WSC, LEG, SNBR, and LZB.

4 Furniture Stocks for Solid Returns Amid Industry Challenges

Broadcom

Digital Realty Trust

Gilead Sciences

Medtronic

Merck

T. Rowe Price Group

Xcel Energy

We provide a summary of upcoming ex-dividend dates in a quick reference table. The table includes relevant data and key statistics as well as the next payout and pay date.

Upcoming Ex-Dividend Dates: September 14-27, 2021

Legget & Platt (LEG) reported earnings 30 days ago. What's next for the stock?

Why Is Legget & Platt (LEG) Down 0.9% Since Last Earnings Report?

Apple

American Tower

Franklin Resources

Home Depot

International Paper

Johnson & Johnson

New Linde PLC

LyondellBasell Industries

Microsoft

NIKE

Verizon

Verizon Communications Inc 5.9 % Notes 2014-15.2.54 Sr

In Part 1 of this article, I presented the top 50 holdings of 50 dividend-paying ETFs, ranked by using a proportional scoring system that favors larger investments and larger ETFs. In Part 2a, I showcased the top Defensive Sector stocks. The article presented the seven top-ranked stocks in each of the Consumer Staples, Health Care, and Utilities sectors.

Top Holdings Of Dividend ETFs (Part 2b: The Top Cyclical Sector Stocks)

Archer-Daniels-Midland Company

Colgate-Palmolive

Community Trust Bancorp

Con Ed

Federal Realty Investment Trust

McDonald's

National Fuel Gas

Northwest Natural Gas

Old Republic International

Sysco

Telephone and Data Systems

United Bankshares

Universal Corp

Walgreens

Drip Investing lists over 800 stocks that have annually-increased dividends for 5-years or more. For August there were 66; now 58 stocks boosted September dividends annually 40 years and more. Parsed from 139 Champions utilizing YCharts data as of 8/23/21, 58 select-dividend stocks ranged 0.7%-6.35% in annual yield, and ranged -12.34%-38.22% in analyst 1-yr-price-target-upsides.

40-Year-Plus Annual Dividend Hikers Lose 8 But Boast 5 Buys In September

Best Buy

Hanesbrands

Investors win big with stocks that offer potential for capital appreciation and tempting shareholder payouts.

3 Retail Stocks With Juicy Dividends You Can Buy Right Now

Badger Meter

Broadridge Financial

International Bancshares Corp.

IF Bancorp

Martin Marietta Materials

MVB Financial

Nordson

STERIS

United Community Banks

Westlake Chemical

This article series covers dividend changes every week.

Dividend Increases: August 7-13, 2021

Cardinal Health

Cincinnati Financial

Canadian Imperial Bank of Commerce

Cisco Systems

Genuine Parts

GlaxoSmithKline

Huntington Bancshares

Illinois Tool Works

Norfolk Southern

Realty Income Corp

Occidental Petroleum

Philip Morris

J. M. Smucker

Schlumberger

Scotts Miracle-Gro

TotalEnergies SE

ViacomCBS

In July, we received $771.96 in dividend income! Our top dividend payment for the month was a HUGE special dividend payment from T. Rowe Price.

Dividend Income Summary: Bert's July 2021 Summary

Whirlpool

Buying interest in home furnishing stocks doesn't look like it will ease anytime soon. Trade two better-known names with these tactical ideas.

Furnishing Stocks Deck Out Gains Amid Home Spending

British American Tobacco

Chevron

Imperial Brands PLC

People's United Financial

Red Electrica Corp SA

Sanofi

Swiss Re AG

AT&T

Unilever

Exxon Mobil

Kiplinger "insights for investors" online first offered a list of 91 "Top Dividend Stocks From Around The World" 7/13/20. Two recent Kiplinger articles provided 102 Top Dividend Stocks on Earth list 7/1/21. 39 European “Dividend Aristocrats” showed 10 years of stable or increasing dividends; 65 S&P 500 Aristocrats showed 25 years of increases for U.S. companies.

The 102 Most Reliable Dividends On Earth For August

Leggett & Platt's (LEG) CEO Karl Glassman on Q2 2021 Results - Earnings Call Transcript

Leggett's (LEG) second-quarter performance reflects strength in residential end markets, strong pricing as well as favorable currency.

Leggett (LEG) Beats on Q2 Earnings & Sales, Lifts '21 View

Leggett & Platt Inc (NYSE: LEG) reported second-quarter FY21 sales growth of 50.3% year-on-year, to $1.27 billion, beating the analyst consensus of $1.23 billion. Trade sales from Bedding products rose 48.2% Y/Y to $608.7 million, Specialized Products increased 72% to $241.7 million, and Furniture, Flooring & Textile Products rose 43% to $419.2 million.

Leggett & Platt Reports Q2 Earnings Above Estimates; Raises FY21 Guidance

Legget & Platt (LEG) delivered earnings and revenue surprises of 29.41% and 4.27%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Legget & Platt (LEG) Beats Q2 Earnings and Revenue Estimates

Shares of Leggett & Platt (NYSE:LEG) were unchanged in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share rose 312.50% year over year to $0.66, which beat the estimate of $0.54.

Recap: Leggett & Platt Q2 Earnings

CARTHAGE, Mo., Aug. 2, 2021 /PRNewswire/ -- 2Q sales were a quarterly record1 $1.27 billion, a 50% increase vs 2Q20 2Q EBIT was $172 million, an increase of $149 million vs 2Q20 2Q record adjusted2 EBIT was $144 million, up $94 million vs 2Q20 2Q EPS was $.82, up $.87 vs 2Q20; 2Q adjusted2 EPS was $.66, up $.51 vs 2Q20 adjusted2 EPS Acquired Kayfoam, an Ireland-based provider of specialty foam and finished mattresses Increasing 2021 guidance: sales of $4.9–$5.1 billion; EPS of $2.86–$3.06; adjusted2 EPS of $2.70–$2.90­ Diversified manufacturer Leggett & Platt reported record1 quarterly sales in second quarter of $1.27 billion, a 50% increase versus second quarter last year.

Leggett & Platt Reports Record 2Q Results

On Monday, August 02, Leggett & Platt (NYSE:LEG) will release its latest earnings report. Decipher the announcement with Benzinga's help.

Leggett & Platt Earnings Preview

Leggett & Platt's (LEG) second-quarter earnings are likely to have benefited from strong demand in residential end markets and solid housing industry.

Leggett's (LEG) Q2 Earnings to Benefit From Strong Demand

Carthage, MO, July 20, 2021 (GLOBE NEWSWIRE) -- Leggett & Platt (NYSE:LEG), a diversified manufacturer of engineered products serving several major markets, will release second quarter earnings results on Monday, August 2, 2021 after the market closes, and hold its quarterly conference call to discuss second quarter results, annual guidance, market conditions and related matters on Tuesday, August 3, 2021, at 8:30 a.m. Eastern Time (7:30 a.m. Central Time).

Leggett & Platt Announces 2Q 2021 Earnings Call

News for Leggett & Platt Stock (LEG)