Leggett & Platt(LEG)

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Leggett & Platt(LEG) - 2023 Q4 - Annual Report
2024-02-27 20:35
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 ...
Leggett & Platt(LEG) - 2023 Q4 - Earnings Call Presentation
2024-02-09 15:49
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]
Leggett & Platt(LEG) - 2023 Q3 - Quarterly Report
2023-11-07 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 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(LEG) - 2023 Q3 - Earnings Call Transcript
2023-10-31 14:34
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 ...
Leggett & Platt(LEG) - 2023 Q3 - Earnings Call Presentation
2023-10-31 12:13
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 ...
Leggett & Platt(LEG) - 2023 Q2 - Quarterly Report
2023-08-08 19:27
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 ...
Leggett & Platt(LEG) - 2023 Q2 - Earnings Call Presentation
2023-08-01 18:50
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 ...
Leggett & Platt(LEG) - 2023 Q2 - Earnings Call Transcript
2023-08-01 15:49
Leggett & Platt, Incorporated (NYSE:LEG) Q2 2023 Earnings Conference Call August 1, 2023 8:30 AM ET Company Participants Susan McCoy – Senior Vice President-Investor Relations Mitch Dolloff – President and Chief Executive Officer Ben Burns – Executive Vice President and Chief Financial Officer Steve Henderson – Executive Vice President and President–Specialized Products and Furniture, Flooring and Textile Products Tyson Hagale – Executive Vice President and President–Bedding Products Conference Call Partici ...
Leggett & Platt(LEG) - 2023 Q1 - Quarterly Report
2023-05-04 19:12
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, 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 ...
Leggett & Platt(LEG) - 2023 Q1 - Earnings Call Transcript
2023-05-02 15:24
Leggett & Platt, Incorporated (NYSE:LEG) Q1 2023 Earnings Conference Call May 2, 2023 8:30 AM ET Company Participants Susan McCoy – Senior Vice President-Investor Relations Mitch Dolloff – President and Chief Executive Officer Jeff Tate – Executive Vice President and Chief Financial Officer Steve Henderson – Executive Vice President and President-Specialized Products and Furniture, Flooring and Textile Products segments Tyson Hagale – Executive Vice President and President-Beddings Products Segment Conferen ...