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Leggett & Platt (LEG) Earnings Call Presentation
2025-06-25 13:22
Company Update May 2025 LEG (NYSE) www.leggett.com Forward-Looking Statements Statements in this presentation that are not historical in nature are "forward-looking," such as restructuring plan impacts, including EBIT benefits, operational efficiency improvements, amount and timing of cash and non-cash restructuring-related costs and completion of initiatives, cash from real estate sales, and sales attrition; sales, demand, net trade sales, EPS, EBIT, adjusted EPS, adjusted Earnings, adjusted EBIT, adjusted ...
Why Legget & Platt (LEG) is a Top Growth Stock for the Long-Term
ZACKS· 2025-06-12 14:46
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium includes access to the Zacks Style Scores as well. What are the Zacks Style S ...
Leggett & Platt(LEG) - 2025 Q1 - Quarterly Report
2025-05-07 19:24
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-07845 LEGGETT & PLATT, INCORPORATED (Exact name of registrant as specified in its charter) Missouri 44-0324630 (State or other ...
Leggett & Platt Announces Quarterly Dividend and Annual Meeting Results; Two Directors Retire
Prnewswire· 2025-05-07 15:24
CARTHAGE, Mo., May 7, 2025 /PRNewswire/ --  Board declared second quarter dividend of $.05 per share Annual meeting voting aligned with Board recommendations Manuel Fernandez and Mark Blinn retired from BoardLeggett & Platt's Board of Directors declared a dividend of $.05 per share for the second quarter 2025. The dividend will be paid on July 15, 2025 to shareholders of record on June 13, 2025.The Company's annual meeting of shareholders was held this morning. Shareholders elected as directors the eight no ...
Why I'm Not Jumping Into Leggett & Platt After Q1 Earnings
Seeking Alpha· 2025-04-29 22:26
Since my last analysis , Leggett & Platt (NYSE: LEG ) stock is down -23.5%, already taking into account dividends and the more than 30% bounce that LEG stock posted today after strong Q1 earnings. Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alp ...
Leggett's Q1 Earnings Beat Estimates, Revenues Decline Y/Y
ZACKS· 2025-04-29 18:50
Leggett & Platt, Incorporated (LEG) reported first-quarter 2025 results, with earnings beating the Zacks Consensus Estimate and revenues missing the same. On a year-over-year basis, the top line declined, but the bottom line increased.The quarterly results indicated continued demand softness in the company’s residential end markets due to a challenging macro environment and soft consumer spending. Softening in Automotive and Hydraulic Cylinders further impacted the company’s performance. Although LEG carrie ...
Leggett & Platt(LEG) - 2025 Q1 - Earnings Call Transcript
2025-04-29 17:27
Leggett & Platt (LEG) Q1 2025 Earnings Call April 29, 2025 01:27 PM ET Speaker0 Greetings, and welcome to the Leggett and Platt First Quarter twenty twenty five Webcast and Earnings Conference Call. At this time, all participants are in a listen only mode. A brief question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Kathy Branscombe, VP of Investor Relations. Thank you, Ms. Branscombe. You may begin. ...
Leggett & Platt(LEG) - 2025 Q1 - Earnings Call Transcript
2025-04-29 13:32
Leggett & Platt (LEG) Q1 2025 Earnings Call April 29, 2025 08:30 AM ET Company Participants Cassie Branscum - Vice President of Investor RelationsKarl Glassman - President, CEO & ChairmanBenjamin Burns - Executive VP & CFOJ. Tyson Hagale - EVP & President - Bedding ProductsBobby Griffin - Managing DirectorKeith Hughes - Managing DirectorR. Samuel Smith - EVP and President – Specialized Products, Furniture, Flooring & Textile Products Conference Call Participants Susan Maklari - AnalystPeter Keith - Managing ...
Leggett & Platt(LEG) - 2025 Q1 - Earnings Call Presentation
2025-04-29 01:02
First Quarter 2025 Summary Financial Information, Tariff Overview and Restructuring Update April 28, 2025 Forward-Looking Statements Statements in this presentation that are not historical in nature are "forward-looking." These statements are identified by their context or by use of words such as "anticipate," "estimate," "expect," "guidance," "may," "plan," or the like. These statements include, but are not limited to, sales; EPS; adjusted EPS; cash flow; demand; Company and segment volume; raw material-re ...
Compared to Estimates, Legget & Platt (LEG) Q1 Earnings: A Look at Key Metrics
ZACKS· 2025-04-29 00:30
Core Insights - Legget & Platt reported revenue of $1.02 billion for the quarter ended March 2025, reflecting a 6.8% decline year-over-year and a slight miss of 0.53% against the Zacks Consensus Estimate of $1.03 billion [1] - The company's EPS was $0.24, which is an increase from $0.23 in the same quarter last year, resulting in a positive surprise of 4.35% compared to the consensus estimate of $0.23 [1] Revenue and Earnings Performance - The change in organic sales for Bedding Products was -12%, significantly worse than the estimated -4% [4] - Specialized Products saw a -5% change in organic sales, compared to an average estimate of -3.1% [4] - Furniture, Flooring, and Textile Products experienced a -1% change in organic sales, better than the estimated -5.4% [4] - Overall change in organic sales was -7%, against an estimate of -5.6% [4] Trade Sales and EBIT Analysis - Trade sales for Furniture, Flooring, and Textile Products were reported at $331.30 million, exceeding the average estimate of $322.63 million, with a year-over-year change of -0.5% [4] - Trade sales for Specialized Products were $300.10 million, slightly above the average estimate of $298.78 million, reflecting a -5% year-over-year change [4] - Trade sales for Bedding Products were $390.70 million, below the average estimate of $409.90 million, indicating a -12.8% year-over-year decline [4] - EBIT for Bedding Products was $9.60 million, significantly lower than the average estimate of $18.65 million [4] - EBIT for Specialized Products was $28.40 million, surpassing the average estimate of $20.42 million [4] - Adjusted EBIT for Specialized Products was $31.80 million, exceeding the average estimate of $23 million [4] - Adjusted EBIT for Bedding Products was $13 million, below the average estimate of $16.45 million [4] - Adjusted EBIT for Furniture, Flooring, and Textile Products was $21.70 million, above the average estimate of $18.90 million [4] Stock Performance - Legget & Platt's shares have returned -8.7% over the past month, compared to a -4.3% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]