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 $ ...

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 ...

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; ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...