CARTHAGE, Mo., May 8, 2024 /PRNewswire/ -- Leggett & Platt's annual meeting of shareholders was held this morning in Carthage, Missouri.  Shareholders elected as directors the 11 nominees proposed by the Board; ratified the selection of PricewaterhouseCoopers as the Company's independent registered public accountant for 2024; endorsed the compensation of the Company's named executive officers; and approved the amendment and restatement of the Company's Flexible Stock Plan.  No other proposals were voted upo ...

Leggett & Platt, Incorporated (LEG) reported tepid first-quarter 2024 results, wherein earnings and net sales missed the Zacks Consensus Estimate. The metrics declined on a year-over-year basis due to persistent weak demand in most of the markets served and lower price realization.Following the results, the stock plunged 13.1% in the after-hour trading session on Apr 30.Leggett significantly reduced its second-quarter dividend to 5 cents from the prior-year figure of 46 cents. The company noted that the mov ...

Leggett & Platt, Incorporated (NYSE:LEG) Q1 2024 Earnings Call Transcript May 1, 2024 8:30 AM ET Conference Call Participants Greetings and welcome to the Leggett & Platt First Quarter 2024 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. [Operator Instructions] As a reminder, this conference is being recorded. Good morning, and welcome to Leggett & Platt'S First Quarter 2024 Earnings Call ...

| --- | --- | |----------|-------------------------------------------------------------------------------------------------------------------------------| | | Financial Summary | | | | | Overview | | | o | Q1 sales of $1.1 billion, a 10% decrease vs. Q1-23 | | | Volume was down 6% Raw material-related price decreases reduced sales 4% EBIT of $64 million, down $25 million vs. Q1-23 EBIT | | o | | | o | EBIT margin 5.8%, down 160 bps vs. Q1-23 EBIT margin of 7.4% | | o | EPS of $.23, down $.16 vs. Q1-23 EPS o ...

Legget & Platt (LEG) reported $1.1 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 9.6%. EPS of $0.23 for the same period compares to $0.39 a year ago.The reported revenue represents a surprise of -1.53% over the Zacks Consensus Estimate of $1.11 billion. With the consensus EPS estimate being $0.25, the EPS surprise was -8.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine th ...

Legget & Platt (LEG) came out with quarterly earnings of $0.23 per share, missing the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -8%. A quarter ago, it was expected that this engineered component manufacturer would post earnings of $0.26 per share when it actually produced earnings of $0.26, delivering no surprise.Over the last four quarters, ...

Exhibit 99.1 FOR IMMEDIATE RELEASE: APRIL 30, 2024 LEGGETT & PLATT REPORTS 1Q RESULTS, ANNOUNCES 2Q DIVIDEND OF $.05 AND UPDATES CAPITAL ALLOCATION PRIORITIES Carthage, MO, April 30, 2024 --- · 1Q sales of $1.1 billion, a 10% decrease vs 1Q23 · 1Q EPS and adjusted1 EPS of $.23, a decrease of $.16 vs 1Q23 · Board declared second quarter dividend of $.05 per share · Company updated capital allocation priorities · 2024 sales and EPS guidance unchanged: sales of $4.35–$4.65 billion; EPS of $.95–$1.25 and adjust ...

CARTHAGE, Mo., April 30, 2024 /PRNewswire/ --  1Q sales of $1.1 billion, a 10% decrease vs 1Q23 1Q EPS and adjusted1 EPS of $.23, a decrease of $.16 vs 1Q23 Board declared second quarter dividend of $.05 per share Company updated capital allocation priorities 2024 sales and EPS guidance unchanged: sales of $4.35–$4.65 billion; EPS of $.95–$1.25 and adjusted1 EPS of $1.05–$1.35 President and CEO Mitch Dolloff commented, "First quarter results were in line with our expectations and our full year sales and E ...

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 ...