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 ...

Fourth Quarter Summary Financial Information February 8, 2024 Overview Raw material-related price decreases reduced sales 5% Currency benefit increased sales 1% Acquisitions increased sales less than 1% Adjusted1 EBIT of $66 million, down $25 million vs. Q4-22 EBIT Adjusted1 EBIT margin 5.9%, down 170 bps vs. 7.6% in Q4-22 Q4 adjusted1 EPS of $.26, down $.13 vs. Q4-22 EPS of $.39 Raw material-related price decreases, including currency impact, reduced sales 4% Acquisitions, net of small divestitures, added ...

Company Participants Operator Actual results or events may differ materially due to a number of risks and uncertainties, and the company undertakes no obligation to update or revise these statements. For a summary of these risk factors and additional information, please refer to yesterday's press release and the sections in our most recent 10-K and subsequent 10-Q entitled Risk Factors and Forward-Looking Statements. Good morning, and thank you for participating in our call. First, I would like to recognize ...

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 ...

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 Susan Maklari - Goldman Sachs Bobby Griffin - Raymond James Keith Hughes - Truist Securities Peter Keith - Piper Sandler Good morning, and welcome to Leggett & Platt's third quarter earnings call. With me on the call today are Mitch Dolloff, President and CEO; Ben Bur ...

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 ...

Q2 sales of $1.22 billion, an 8% decrease vs. Q2-22 Currency impact was flat Adjusted1 EBIT margin 7.5%, down 320 bps vs. 10.7% in Q2-22 Adjusted EPS: $1.45–$1.65 Q2 2023 Financial Highlights | --- | --- | --- | |----------------------------------------------------------|---------|-------------| | Sales: | mln $'s | % change | | 2 nd Qtr 2022 | $1,334 | | | Approx volume decrease | (84) | (6%) | | Approx raw material-related pricing and currency impact | (69) | (5%) | | Organic Sales | (153) | (11%) | | Acq ...