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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.
Company news commonly covers quarterly and annual operating results, guidance, market conditions, dividends, balance-sheet priorities, restructuring and operational efficiency initiatives, governance matters, and material agreements or capital-structure disclosures.
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.