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Legget & Platt (LEG) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-08-02 00:36
Legget & Platt (LEG) reported $1.13 billion in revenue for the quarter ended June 2024, representing a yearover-year decline of 7.6%. EPS of $0.29 for the same period compares to $0.38 a year ago. The reported revenue represents a surprise of -0.52% over the Zacks Consensus Estimate of $1.13 billion. With the consensus EPS estimate being $0.29, the company has not delivered EPS surprise. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare ...
Legget & Platt (LEG) Q2 Earnings Match Estimates
ZACKS· 2024-08-01 23:11
Legget & Platt (LEG) came out with quarterly earnings of $0.29 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.38 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this engineered component manufacturer would post earnings of $0.25 per share when it actually produced earnings of $0.23, delivering a surprise of -8%. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. Le ...
Leggett & Platt(LEG) - 2024 Q2 - Quarterly Results
2024-08-01 20:37
Exhibit 99.1 FOR IMMEDIATE RELEASE: AUGUST 1, 2024 Carthage, MO, August 1, 2024 —- • 2Q sales of $1.1 billion, an 8% decrease vs 2Q23 • 2Q EPS of ($4.39), primarily due to a non-cash goodwill impairment charge • 2Q adjusted1 EPS of $.29, a $.09 decrease vs adjusted1 2Q23 EPS • 2024 EPS guidance is ($3.43)–($3.58), including impact of non-cash goodwill impairment charge, restructuring charges, real estate gains, and certain other costs • 2024 adjusted1 EPS narrowed to $1.10–$1.25; sales guidance lowered to $ ...
LEGGETT & PLATT REPORTS 2Q RESULTS
Prnewswire· 2024-08-01 20:10
CARTHAGE, Mo., Aug. 1, 2024 /PRNewswire/ -- 2Q sales of $1.1 billion, an 8% decrease vs 2Q23 2Q EPS of ($4.39), primarily due to a non-cash goodwill impairment charge 2Q adjusted1 EPS of $.29, a $.09 decrease vs adjusted1 2Q23 EPS 2024 EPS guidance is ($3.43)–($3.58), including impact of non-cash goodwill impairment charge, restructuring charges, real estate gains, and certain other costs 2024 adjusted1 EPS narrowed to $1.10–$1.25; sales guidance lowered to $4.3–$4.5 billion President and CEO Karl Glassman ...
LEGGETT & PLATT ANNOUNCES 2Q 2024 EARNINGS CALL
Newsfilter· 2024-07-18 13:00
COMPANY DESCRIPTION: Leggett & Platt (NYSE:LEG) is a diversified manufacturer that designs and produces a broad variety of engineered components and products that can be found in many homes and automobiles. The 141-year-old Company is a leading supplier of bedding components and private label finished goods; automotive seat comfort and convenience systems; home and work furniture components; geo components; flooring underlayment; hydraulic cylinders for material handling and heavy construction applications; ...
Leggett & Platt: A Cash Generation Machine Priced At A Discount
Seeking Alpha· 2024-06-24 08:10
Editor's note: Seeking Alpha is proud to welcome Jim Wade as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access. Click here to find out more » Marc Beresford/DigitalVision via Getty Images The Struggle Is Real Investment Thesis Leggett & Platt (NYSE:LEG) has had a rough three-year stretch, with the share price recently descending to levels it hasn't seen si ...
Leggett & Platt: Dividend Lessons Learned From A Former King
Seeking Alpha· 2024-06-04 16:38
Sezeryadigar/iStock via Getty Images LEG stock: the dividend king cut its dividends Leggett & Platt, Inc. (NYSE:LEG) caught my attention in early 2022 during my routine screening of dividend stocks. In these screens, I specifically look for stocks that pay regular dividends and are yielding either far above or below their historical average yield. LEG was yielding around 5% at that time as seen in the next chart, close to the highest level in at least 10 years (except for the period of fire sale during the ...
Why Is Legget & Platt (LEG) Down 20.9% Since Last Earnings Report?
ZACKS· 2024-05-30 16:37
It has been about a month since the last earnings report for Legget & Platt (LEG) . Shares have lost about 20.9% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Legget & Platt due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Leggett Lags on Q1 Earnings & Sales, Cu ...
LEGGETT & PLATT APPOINTS KARL GLASSMAN AS PRESIDENT AND CEO
prnewswire.com· 2024-05-21 11:30
COMPANY DESCRIPTION: Leggett & Platt (NYSE: LEG) is a diversified manufacturer that designs and produces a broad variety of engineered components and products that can be found in many homes and automobiles. The 141-year-old Company is a leading supplier of bedding components and private label finished goods; automotive seat comfort and convenience systems; home and work furniture components; geo components; flooring underlayment; hydraulic cylinders for material handling and heavy construction applications ...
Leggett & Platt(LEG) - 2024 Q1 - Quarterly Report
2024-05-08 19:40
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, 2024 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 ...