Leggett & Platt, Inc. reports developments as a diversified manufacturer of engineered components and products used in homes, automobiles, furniture, flooring, textiles, material handling and heavy construction applications. Its business includes Bedding Products, Specialized Products, and Furniture, Flooring and Textile Products, with product categories such as bedding components and solutions, private label finished goods, automotive seat comfort and convenience systems, home and work furniture components, geo components, flooring underlayment and hydraulic cylinders.
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Leggett & Platt (NYSE:LEG) will report its fourth quarter earnings on February 8, 2021, after market close. A conference call to discuss the results is scheduled for February 9, 2021, at 8:30 a.m. ET. The earnings release and financial slides will be available online shortly after the market closes. Leggett & Platt, a 138-year-old diversified manufacturer, operates 140 facilities across 18 countries, producing essential products for homes and automobiles, including bedding components and automotive seat systems.
Leggett & Platt reported a record third quarter EPS of $.77, up $.03 year-over-year, with an adjusted EPS of $.80, an increase of $.04. Sales totaled $1.208 billion, down 3% compared to 3Q19, primarily due to weak demand in Aerospace and Work Furniture. The company generated record operating cash flow of $261 million, an increase of $48 million from last year, driven by working capital improvements. A quarterly dividend of $.40 per share was declared, payable on January 15, 2021. The company holds $1.4 billion in liquidity and $245 million in cash, with total debt at $2 billion.
Leggett & Platt (NYSE:LEG) will release its third quarter earnings results on November 2, 2020, after market close, followed by a conference call on November 3, 2020, at 8:30 a.m. ET. Investors can access the call via the company’s website. With 137 years of experience, Leggett & Platt is a diversified manufacturer producing engineered products for various markets, including bedding components and automotive systems. The company operates 140 manufacturing facilities across 18 countries, focusing on innovation and shareholder returns.
Leggett & Platt reported a significant 30% decline in 2Q sales, totaling $845 million, largely due to the COVID-19 pandemic. The company had a net loss of ($.05) EPS, down $.69 from the previous year. Adjusted EPS stood at $.16, reflecting an adjusted EBIT of $51 million, down 83%. Despite challenges, liquidity was reported at $1.3 billion. The board declared a third-quarter dividend of $.40 per share, to be paid on October 15, 2020.