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

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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.

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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.

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

Why Is Legget & Platt (LEG) Down 2.3% Since Last Earnings Report?

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Leggett & Platt is selling at 1997 prices yet the company has grown substantially. The near 8% yield has only been higher in the GFC of 2008. Revenue and earnings have all grown mid to high double digits over the decade. The stock is down -22% over that time. This indicates value.

Leggett & Platt: Evaluating The Near 8% Yield Of This Dividend King

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WINDSOR, Ontario--(BUSINESS WIRE)--275 workers working at Leggett & Platt Canada have voted to join the United Steelworkers (USW) union. The vote took place over a 48-hour period and concluded yesterday, sealing the overwhelming win for workers. “This journey has been filled with excitement and anxiety. But it has been worth all of the effort. Workers everywhere deserve a voice, the best working conditions and an equal seat at the table with their employer. I'm proud to now call myself a St.

Workers at Windsor, Ont. Operations of Leggett & Platt Canada Vote to Join the United Steelworkers Union

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Leggett & Platt is an industrial company with heavy exposure to the housing market. The housing market is in a state of flux as rising interest rates make it more expensive to buy a house.

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Leggett & Platt's Q3 results showed a decline in revenue and EPS due to weak demand for their products, particularly in the Bedding and Furniture segments. The company's lowered guidance for 2023 reflects a negative outlook for both sales and EPS. Estimated fair value of LEG has increased to $26.5/share based on the updated inputs to our dividend discount model, but due to macroeconomic headwinds, a rating upgrade isn't justified.

Leggett & Platt: The 7.7% Dividend May Not Be Worth It After The Poor Q3

With October ending and the markets giving us better buying opportunities (down a lot), I decided to add to some of my existing positions. I stuck to my UGI and LEG and now MO. UGI and LEG have both been on my buy list for several months as they both continue to decline in 2023. These recent buys continue to put me on track towards beating my 2023 dividend income totals.

Recent Stock Purchase October 2023

Leggett & Platt's (LEG) Q3 performance reflects lower residential end-market demand due to macroeconomic volatility. Yet, Specialized Products' growth aids the company.

Leggett & Platt (LEG) Lags Q3 Earnings & Sales, Lowers Guidance

Leggett & Platt, Incorporated (NYSE:LEG ) Q3 2023 Earnings Call Transcript October 31, 2023 5:00 PM ET Company Participants Cassie Branscum - Senior Director, Investor Relations Mitch Dolloff - President and Chief Executive Officer Ben Burns - Executive Vice President and Chief Financial Officer Tyson Hagale - Executive Vice President and President-Bedding Products Conference Call Participants Susan Maklari - Goldman Sachs Bobby Griffin - Raymond James Keith Hughes - Truist Securities Peter Keith - Piper Sandler Operator Greetings. Welcome to Leggett & Platt Third Quarter 2023 Webcast and Earnings Conference Call.

Leggett & Platt, Incorporated (LEG) Q3 2023 Earnings Call Transcript

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The headline numbers for Legget & Platt (LEG) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Legget & Platt (LEG) Q3 Earnings: A Look at Key Metrics

Legget & Platt (LEG) came out with quarterly earnings of $0.36 per share, missing the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.52 per share a year ago.

Legget & Platt (LEG) Misses Q3 Earnings and Revenue Estimates

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Legget & Platt (LEG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Legget & Platt (LEG) Q3 Earnings Expected to Decline

Carthage, MO, Oct. 17, 2023 (GLOBE NEWSWIRE) -- Leggett & Platt (NYSE:LEG), a diversified manufacturer of engineered products serving several major markets, will release third quarter earnings results on Monday, Oct 30, 2023 after the market closes, and hold its quarterly conference call to discuss third quarter results, annual guidance, market conditions and related matters on Tuesday, Oct 31, 2023, at 8:30 a.m. Eastern Time (7:30 a.m. Central Time).

Leggett & Platt Announces 3Q 2023 Earnings Call

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