Welcome to our dedicated page for Leggett & Platt news (Ticker: LEG), a resource for investors and traders seeking the latest updates and insights on Leggett & Platt stock.
Leggett & Platt, Inc. (NYSE: LEG) is a diversified manufacturer of engineered components and products, and its news flow reflects developments across bedding, furniture, flooring, textiles, automotive seating, hydraulic cylinders, financing, and corporate governance. The company’s own press releases emphasize that its products can be found in many homes and automobiles, and that it supplies bedding components and private label finished goods, automotive seat comfort and convenience systems, home and work furniture components, geo components, flooring underlayment, and hydraulic cylinders for material handling and heavy construction applications.
On this news page, readers can follow Leggett & Platt announcements about quarterly earnings, segment performance, restructuring progress, and strategic portfolio actions. Recent releases furnished on Form 8-K have covered second and third quarter results, including discussions of trade sales, EBIT, adjusted EBIT, EPS, adjusted EPS, operating cash flow, and the use of non-GAAP measures such as Adjusted EBITDA and change in Organic Sales. The company also reports on its restructuring plan, including expected EBIT benefits, sales attrition, and real estate transactions.
Leggett & Platt’s news also includes corporate actions such as the completion of the sale of its Aerospace Products Group, revisions to full-year guidance following that divestiture, quarterly dividend declarations, and outcomes of its annual meeting of shareholders. In addition, the company has disclosed that it received an unsolicited, non-binding all-stock acquisition proposal from Somnigroup International Inc., and has described the Board’s process for reviewing that proposal.
Investors and observers can use this page to review Leggett & Platt’s official communications on financial performance, portfolio changes, capital structure, dividends, and potential strategic transactions, as released through news wires and referenced in SEC filings.
Leggett & Platt (NYSE:LEG) has scheduled its fourth quarter and full year 2024 earnings release for Thursday, February 13, 2025, after market close. The company will host a conference call on Friday, February 14, 2025, at 8:30 a.m. Eastern Time to discuss the results, annual guidance, market conditions, and company initiatives.
The conference call will be accessible via webcast from the company's Investor Relations website, with dial-in available at 201-689-8341 (no passcode required). Earnings release and summary financial information slides will be posted to the website on February 13 after market close. The webcast audio replay and transcript will remain available on the website for 12 months.
Leggett & Platt, a 142-year-old diversified manufacturer, produces engineered components for bedding, automotive, furniture, geo components, flooring, material handling, and aerospace industries.
Leggett & Platt (NYSE: LEG) has announced its quarterly dividend for Q4 2024. The Board of Directors has declared a dividend of $0.05 per share, which will be paid on January 15, 2025 to shareholders of record on December 13, 2024. The company, established 141 years ago, is a diversified manufacturer specializing in engineered components for bedding, automotive, furniture, and aerospace industries.
Leggett & Platt (LEG) reported Q3 2024 results with sales of $1.1 billion, down 6% year-over-year. Q3 EPS was $0.33, with adjusted EPS of $0.32, decreasing $0.04 from Q3 2023. The company lowered its 2024 guidance, now expecting sales of $4.3-$4.4 billion and adjusted EPS of $1.00-$1.10. The decrease was attributed to weak demand in residential markets and automotive sector headwinds. The company paid down $124 million in debt and is exploring the potential sale of its Aerospace business. The restructuring plan is expected to deliver $50-$60 million in annualized EBIT benefits by late 2025.
Leggett & Platt (NYSE:LEG), a diversified manufacturer of engineered products, has announced its third quarter earnings call for fiscal year 2024. The company will release its Q3 earnings results on Monday, October 28, 2024 after market close. A conference call to discuss the results, annual guidance, and market conditions will be held on Tuesday, October 29, 2024, at 8:30 a.m. Eastern Time.
The call will be webcast and accessible from the Investor Relations section of Leggett & Platt's website. Dial-in information is provided for those who wish to participate by phone. An audio replay and transcript of the webcast will be available on the company's website for 12 months following the call.
Leggett & Platt, founded 141 years ago, is a leading supplier of various engineered components found in homes and automobiles, including bedding components, automotive seat systems, furniture components, and aerospace tubing.
Leggett & Platt (NYSE: LEG) has announced a quarterly dividend of $0.05 per share for the third quarter of 2024. The dividend will be paid on October 15, 2024, to shareholders of record on September 13, 2024. Leggett & Platt, a 141-year-old diversified manufacturer, is a leading supplier of various engineered components found in homes and automobiles. The company specializes in bedding components, automotive seat systems, furniture components, and other products for industries including aerospace and material handling.
Leggett & Platt (NYSE: LEG) reported Q2 2024 results with sales of $1.1 billion, an 8% decrease from Q2 2023. The company reported a loss of $4.39 per share, primarily due to a $675 million non-cash goodwill impairment charge. Adjusted EPS was $0.29, down $0.09 from Q2 2023. LEG lowered its 2024 sales guidance to $4.3-$4.5 billion and narrowed adjusted EPS guidance to $1.10-$1.25. The company is progressing with its restructuring plan, expecting $40-$50 million in annualized EBIT benefit by late 2025. LEG paid down $73 million of debt and improved adjusted EBIT margin by 50 basis points sequentially. The company is conducting a strategic review of its portfolio to focus on more profitable opportunities.
Leggett & Platt (NYSE:LEG), a diversified manufacturer of engineered products, has announced its second quarter 2024 earnings release and conference call schedule. The company will release its Q2 earnings results on Thursday, August 1, 2024 after market close. A conference call to discuss the results, annual guidance, and market conditions will be held on Friday, August 2, 2024, at 8:30 a.m. Eastern Time.
The call will be webcast and accessible from the Investor Relations section of Leggett & Platt's website. Dial-in information is provided for those who prefer to listen by phone. The earnings release and summary financial information slides will be posted to the company's website shortly after market close on August 1. An audio replay and transcript of the webcast will be available for 12 months following the call.
Leggett & Platt has appointed Karl Glassman as President and CEO, effective immediately. Glassman will also continue as Board Chairman. This move follows Mitch Dolloff's resignation from both roles. Dolloff will remain as a consultant for one year to support the transition. Glassman, who has a 42-year tenure at Leggett & Platt and previously served as CEO from 2016 to 2021, brings deep knowledge of the company's operations and markets. Lead Independent Director Robert Brunner expressed confidence in Glassman's ability to navigate current market challenges and drive long-term growth. The company also thanked Dolloff for his 20 years of service.
Leggett & Platt held its annual meeting, electing directors, ratifying auditors, endorsing executive compensation, and approving stock plan amendments. The diversified manufacturer provides components for homes, automobiles, bedding, furniture, and aerospace.
Leggett & Platt reported 1Q sales of $1.1 billion, a 10% decrease vs the previous year. The company announced a second quarter dividend of $.05 per share and updated its 2024 sales and EPS guidance. The restructuring plan is on track, aiming to optimize operations and improve margins. The company's capital allocation priorities include strengthening the balance sheet, reducing the dividend to accelerate deleveraging, and focusing on long-term profitable growth opportunities.