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.

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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.

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With July ending soon and the markets on an uptrend, I decided to add to some of my lagging existing positions. I couldn't resist some juicy yields, as a result of stock price declines, and decided to deploy a small amount of cash for June and July. I always like to lay out my potential buys each month as it gives me a general roadmap of stocks I'd like to add.

Recent Stock Purchase June/July 2023

Leggett & Platt, a dividend king with 52 consecutive annual dividend hikes, has underperformed compared to high-yield peers despite its 6.1% dividend yield. The company faces challenges with slow growth and increasingly risky dividend coverage, despite improvements in cash generation and a decent balance sheet. While the company is undervalued, its potential for earnings growth in the coming years is uncertain, leading to a neutral rating and caution about its future prospects.

Leggett & Platt: Is The Dividend King's Throne At Risk?

Carthage, MO, July 17, 2023 (GLOBE NEWSWIRE) -- Leggett & Platt (NYSE:LEG), a diversified manufacturer of engineered products serving several major markets, will release second quarter earnings results on Monday, July 31, 2023 after the market closes, and hold its quarterly conference call to discuss second quarter results, annual guidance, market conditions and related matters on Tuesday, Aug 1, 2023, at 8:30 a.m. Eastern Time (7:30 a.m. Central Time).

Leggett & Platt Announces 2Q 2023 Earnings Call

Leggett & Platt: The Reasons We Are Not Yet Buyers Of The Stock

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"There is only one-criterion to be included among the Dividend Kings: a publicly-traded company must increase its total fiscal-year dividend-payout for a minimum of 50 consecutive-years."--Dogs of the Dow. The 50 Dividend Kings screened as of June 27, 2023, represented nine of eleven Morningstar Sectors. Broker targeted-top-ten net-gainers ranged 20.35%-40.04% topped-by ABM Industries, and Gorman-Rupp. By yield, MO tops-all. Top-ten Kingly July yields from NFG, BKH, ABBV, NWN, FRT, CDUAF, MMM, UVV, LEG, & MO averaged 5.4%.

July Dividend Kings: 5 Buys, 4 To Watch

Leggett & Platt Inc. LEG, -1.59% said late Thursday that Benjamin Burns was appointed chief financial officer on Wednesday. Burns succeeds Jeffrey Tate, who “departed from his position.

Leggett & Platt names Benjamin Burns new CFO

CARTHAGE, Mo. , June 22, 2023 /PRNewswire/ -- Diversified manufacturer Leggett & Platt announced that its Board of Directors appointed Benjamin M.

LEGGETT & PLATT ANNOUNCES NEW CHIEF FINANCIAL OFFICER

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Leggett & Platt is a diversified industrial company with a heavy focus on bedding and furniture components. The company has increased its dividend annually for over 50 years.

Here's Why I Bought This Struggling Stock

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"There is only one-criterion to be included among the Dividend Kings: a publicly-traded company must increase its total fiscal-year dividend-payout for a minimum of 50 consecutive-years."--Dogs of the Dow. The 47 Dividend Kings screened as of May 26, 2023, represented eight of eleven Morningstar Sectors. Broker targeted-top-ten net-gainers ranged 16.08%-39.93% topped-by VF Corp & Gorman-Rupp. By yield, MO tops-all. Top-ten Kingly June yields from BKH, ABBV, NWN, FRT, CDUAF, LEG, UVV, MMM, VFC, & MO averaged 5.59%.

Buy 7 June Dividend Kings And Watch 3

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

Why Is Legget & Platt (LEG) Down 2.9% Since Last Earnings Report?

Leggett (LEG) is benefiting from its long-term strategic plan amid ongoing industry challenges.

Here's Why Leggett (LEG) is Performing Better Than Its Industry

3M is a Dividend King with a generous 6% yield. Leggett & Platt is a Dividend King with a yield of 5.7%.

Better Buy: 3M vs. Leggett & Platt

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My 12 Best Dividend Kings For May 2023

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CARTHAGE, Mo. , May 4, 2023 /PRNewswire/ -- Annual meeting addressed four items of business; voting aligned with Board recommendations Karl Glassman retired as an executive officer of the Company and continues to serve as Chairman of the Board Lead Independent Director Judy Odom retired; Robert Brunner appointed Lead Independent Director Leggett & Platt's annual meeting of shareholders was held this morning.

LEGGETT & PLATT ANNOUNCES ANNUAL MEETING RESULTS AND CHANGES TO BOARD OF DIRECTORS

CARTHAGE, Mo. , May 4, 2023 /PRNewswire/ -- Increased second quarter dividend by $.02, or 4.5%, to $.46 per share Indicated dividend yield is 5.7% Annual dividends have increased for 52 consecutive years Leggett & Platt's Board of Directors announced a dividend of $.46 per share for the second quarter, an increase of $.02 per share or 4.5% versus the dividend declared in the second quarter of 2022.

LEGGETT & PLATT ANNOUNCES 4.5% DIVIDEND INCREASE

Leggett & Platt's (LEG) first-quarter results reflect softness in demand in residential end markets.

Leggett (LEG) Q1 Earnings & Sales Beat, Margins Down Y/Y

Leggett & Platt, Incorporated (NYSE:LEG ) Q1 2023 Earnings Conference Call May 2, 2023 8:30 AM ET Company Participants Susan McCoy – Senior Vice President-Investor Relations Mitch Dolloff – President and Chief Executive Officer Jeff Tate – Executive Vice President and Chief Financial Officer Steve Henderson – Executive Vice President and President-Specialized Products and Furniture, Flooring and Textile Products segments Tyson Hagale – Executive Vice President and President-Beddings Products Segment Conference Call Participants Susan Maklari – Goldman Sachs Keith Hughes – Truist Securities Bobby Griffin – Raymond James Peter Keith – Piper Sandler Operator Greetings, and welcome to the Leggett & Platt First Quarter 2023 Earnings Call and Webcast. At this time all participants are in a listen-only mode.

Leggett & Platt, Incorporated (LEG) Q1 2023 Earnings Call Transcript

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News for Leggett & Platt Stock (LEG)