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Leggett & Platt, Inc. - LEG STOCK NEWS

Welcome to our dedicated news page for Leggett & Platt (Ticker: LEG), a resource for investors and traders seeking the latest updates and insights on Leggett & Platt.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Leggett & Platt's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Leggett & Platt's position in the market.

News
LEGGETT & PLATT ANNOUNCES 1Q 2024 EARNINGS CALL
Rhea-AI Summary
Leggett & Platt (LEG) will announce its 1Q 2024 earnings on April 30, 2024, followed by a conference call on May 1, 2024, to discuss results, guidance, market conditions, and company initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.76%
Tags
earnings
-
News
LEGGETT & PLATT AMENDS CREDIT AGREEMENT
Rhea-AI Summary
Leggett & Platt, a diversified manufacturer, has amended its credit agreement to increase borrowing capacity and financial flexibility. The leverage ratio has been raised from 3.5x to 4.0x until June 30, 2025, reverting back to 3.5x thereafter. President and CEO Mitch Dolloff emphasizes the company's commitment to financial strength amidst weak market demand. Leggett continues to focus on maintaining a stable financial position and evaluating capital allocation priorities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.26%
Tags
none
-
News
LEGGETT & PLATT ANNOUNCES EXECUTIVE RETIREMENT AND APPOINTMENTS
Rhea-AI Summary
Leggett & Platt announces executive retirement and appointments, with Steve Henderson retiring and Sam Smith appointed as Senior Vice President. Mitch Dolloff to oversee Specialized Products segment. Ryan Kleiboeker promoted to Executive Vice President and Chief Strategic Planning Officer. Leggett & Platt is a diversified manufacturer with a long history.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.24%
Tags
none
News
LEGGETT & PLATT ANNOUNCES QUARTERLY DIVIDEND OF $.46
Rhea-AI Summary
Leggett & Platt Increases Quarterly Dividend by 4.5% to $.46 per Share for the First Quarter of 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.24%
Tags
dividends
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News
LEGGETT & PLATT TO PARTICIPATE IN RAYMOND JAMES 45TH ANNUAL INSTITUTIONAL INVESTORS CONFERENCE
Rhea-AI Summary
Leggett & Platt, a diversified manufacturer, will participate in the Raymond James 45th Annual Institutional Investors Conference. The CEO and CFO will meet with investors and present at the event. The company designs various products for homes, automobiles, and other industries.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.33%
Tags
conferences
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News
LEGGETT & PLATT REPORTS FOURTH QUARTER AND FULL YEAR RESULTS
Rhea-AI Summary
Leggett & Platt reports 7% decrease in 4Q sales, 8% decrease in 2023 sales, and EPS of ($2.18) in 4Q, and $1.39 in 2023. The company announced a restructuring plan to enhance profitability and value for shareholders. The 2024 guidance reflects continued soft residential end market demand, with expected sales of $4.35–$4.65 billion and EPS of $.95–$1.25.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.11%
Tags
none
News
Leggett & Platt Announces 4Q and Full Year 2023 Earnings Call
Rhea-AI Summary
Leggett & Platt (NYSE: LEG) will release Q4 and full year earnings results on February 8, 2024, followed by a conference call on February 9, 2024. The 141-year-old diversified manufacturer is a leading supplier of bedding components, automotive seat comfort systems, furniture components, and more.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.8%
Tags
earnings
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News
LEGGETT & PLATT ANNOUNCES RESTRUCTURING PLAN TO DRIVE IMPROVED PERFORMANCE AND PROFITABLE GROWTH
Rhea-AI Summary
Leggett & Platt is implementing a Restructuring Plan to improve manufacturing and distribution efficiency, advance product strategy, and support customer needs, expected to generate $40 to $50 million in EBIT benefit when fully implemented in late 2025. The company is withdrawing long-term financial targets and recording a $450 million long-lived asset impairment charge in 4Q23. The initiatives are expected to reduce annual sales by approximately $100 million and generate $40 to $50 million in EBIT benefit. Leggett & Platt is reshaping its Bedding Products strategy to better position for long-term success.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.49%
Tags
none
-
News
LEGGETT & PLATT ANNOUNCES QUARTERLY DIVIDEND OF $.46
Rhea-AI Summary
Leggett & Platt (NYSE: LEG) has announced a dividend of $.46 per share for the fourth quarter, marking a 4.5% increase from the same period in 2022. With annual dividends increasing for 52 consecutive years, the indicated annual dividend yield is 7.8%, based on the closing stock price of $23.60 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.08%
Tags
dividends
News
LEGGETT & PLATT REPORTS 3Q RESULTS
Rhea-AI Summary
Leggett & Platt reports 9% decrease in 3Q sales to $1.18 billion. 3Q EPS is $.39, down $.13 from 3Q22. 2023 guidance lowered with sales expected to be $4.7–$4.75 billion and EPS of $1.45–$1.55. Cash from operations in 3Q increased to $144 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.35%
Tags
earnings
Stock LEG logo
Leggett & Platt, Inc.

NYSE:LEG

LEG Rankings

#1729 Ranked by Market Cap
#3930 Ranked by Stock Gains
#182 Ranked by Dividends

LEG Stock Data

2.36B
131.36M
1.84%
67.63%
6.2%
Upholstered Household Furniture Manufacturing
Manufacturing
Link
US
Carthage

About LEG

Leggett & Platt is an American diversified manufacturer that designs and produces various engineered components and products that can be found in homes and automobiles. The company offers steel rods, drawn wires, foam chemicals and additives, innersprings, specialty foams, private label finished mattresses, mattress foundations, wire forms for mattress foundations, adjustable beds, industrial sewing and quilting machines, and mattress packaging and glue drying equipment, as well as machines to produce innersprings for industrial users of steel rods and wires, manufacturers of finished bedding, big box and e-commerce retailers, bedding brands and mattress retailers, department stores, and home improvement centers.