Analysts on Wall Street project that Legget & Platt (LEG) will announce quarterly earnings of $0.25 per share in its forthcoming report, representing a decline of 35.9% year over year. Revenues are projected to reach $1.11 billion, declining 8.2% from the same quarter last year.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a company announces its ...

High-yield stocks often catch the eye of investors due to the seemingly significant, tangible returns on investment. Yet, not all that glitters is gold. In fact, it’s often the case that many names offering outsized yields are attached to a number of risks. Some mask such lurking risks beneath their attractive yields, these are known as dividend yield traps.A yield trap occurs when a stock’s dividend appears enticingly high, often above the industry average or historical norms. Yet, what one can initially p ...

Carthage, MO, April 16, 2024 (GLOBE NEWSWIRE) -- Leggett & Platt (NYSE:LEG), a diversified manufacturer of engineered products serving several major markets, will release first quarter earnings results on Tuesday, April 30, 2024 after the market closes, and hold its quarterly conference call to discuss first quarter results, annual guidance, market conditions, company initiatives, and related matters on Wednesday, May 1, 2024, at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). This call will be webcast and ...

gerisima/iStock via Getty Images Investment Thesis Years of lower sales, shrinking ROIC, and declining margins add to the many risks ahead for Leggett & Platt, Incorporated (NYSE:LEG). This Dividend King could even lose its crown if their situation does not improve. Bedding And Bedding Accessories Leggett & Platt is a company that makes various consumer-discretionary products, particularly bedding products like mattress springs, adjustable beds, steel rods, and others. They also offer home furniture produ ...

Table of Contents LEGGETT & PLATT, INCORPORATED (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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 Missouri 44-0324630 (S ...

Financial Performance - Q4 2023 - Sales decreased by 7% to $1.115 billion compared to Q4 2022, with organic sales declining by 7%[3, 4] - Adjusted EBIT was $66 million, a 28% decrease compared to $91 million in Q4 2022, resulting in an adjusted EBIT margin of 5.9%, down 170 bps[3] - Adjusted EPS was $0.26, a 33% decrease compared to $0.39 in Q4 2022[3] - Cash from operations decreased by 41% to $146 million compared to $247 million in Q4 2022[3] Financial Performance - Full Year 2023 - Sales decreased by 8% to $4.725 billion compared to 2022[25] - Adjusted EBIT was $334 million, a 31% decrease compared to $485 million in 2022[25] - Adjusted EPS was $1.39, a 39% decrease compared to $2.27 in 2022[2] - Cash from operations increased by 13% to $497 million compared to $441 million in 2022[2] Sales Bridge - Q4 2023 - Volume decrease impacted sales by approximately $39 million, a 3% decrease[4] - Raw material-related pricing and currency impact decreased sales by approximately $47 million, a 4% decrease[4] - Acquisitions increased sales by $5 million[4] 2024 Guidance - The company expects sales of $4.35-$4.65 billion, a decrease of 2% to 8% versus 2023, and adjusted EPS of $1.05-$1.35[2]

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 September 30, 2023 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 ot ...

Leggett & Platt, Incorporated (NYSE:LEG) Q3 2023 Earnings Call Transcript October 31, 2023 8:30 AM 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 San ...

3rd Qtr 2023 $319 10% Specialized Products Specialized – Key Points Q3 EBIT was flat on higher sales primarily offset by consolidation costs at an Automotive facility and the lag associated with passing through raw material-related pricing changes in Hydraulic Cylinders | --- | --- | --- | --- | --- | --- | |----------------|-------|-------------|-------|--------|----------------| | mln $'s | EBIT | EBIT margin | D&A | EBITDA | EBITDA margin | | 3rd Qtr 2022 | $38 | 9.1% | $6 | $44 | 10.4% | | Change | | (9 ...

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 June 30, 2023 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 j ...