Leggett & Platt Inc Stock Price, News & Analysis

Leggett & Platt reported record sales of $1.333 billion for Q4 2021, up 13% YoY, despite challenges like supply chain issues and inflation. FY 2021 sales reached $5.073 billion, marking a 19% increase, with EPS hitting a record $2.94. CEO Mitch Dolloff mentioned the company's commitment to return value to shareholders, having increased dividends for 50 consecutive years. For 2022, the firm expects sales between $5.3–$5.6 billion and EPS of $2.70–$3.00. The company remains well-positioned for growth despite ongoing macroeconomic challenges.

Leggett & Platt (NYSE:LEG) will announce its fourth quarter earnings on February 7, 2022, after market close, followed by a conference call on February 8, 2022, at 8:30 a.m. ET. The company serves diverse markets with a range of engineered products, operating 130+ manufacturing facilities across 18 countries and employing around 20,000 individuals. Leggett & Platt is recognized as one of Fortune's World Most Admired Companies and is the leading U.S. manufacturer of various bedding and automotive components.

Leggett & Platt announced significant executive changes, with Karl Glassman retiring as CEO on December 31, 2021 to become Executive Chairman. Mitch Dolloff, currently President and COO, will assume the CEO and President roles starting January 1, 2022. Glassman praised Dolloff's leadership in transforming the Automotive and Bedding businesses, driving global growth. The company, 138 years old with a strong presence in the S&P 500 and notable for dividend reliability, operates with approximately 20,000 employees across 130 facilities worldwide.

Leggett & Platt has declared a fourth quarter dividend of $.42 per share, marking a 5% increase from Q4 2020. The dividend is set for payment on January 14, 2022, to shareholders recorded by December 15, 2021. This announcement highlights the company's commitment to returning value to shareholders, as it has raised its annual dividend for 50 consecutive years. With an annual indicated dividend yield of 3.8%, Leggett & Platt remains a strong performer among S&P 500 Dividend Aristocrats.

Leggett & Platt reported record Q3 sales of $1.32 billion, a 9% increase from the previous year. However, EBIT decreased by $6 million to $144 million, and EPS fell to $0.71, down $0.08 year-over-year. The company anticipates 2021 sales between $5.0–$5.1 billion and EPS of $2.86–$2.96. Challenges included a 6% drop in volume due to supply chain issues and inflation. Net debt stood at 2.41x trailing EBITDA, with operating cash flow at $50 million. A third-quarter dividend of $0.42 was declared.

Leggett & Platt (NYSE:LEG) will announce its third quarter earnings on November 1, 2021, after market close. Following this, a conference call is scheduled for November 2, 2021, at 8:30 a.m. ET to discuss earnings, annual guidance, and market conditions. Interested parties can access the call via Leggett & Platt’s Investor Relations website. The company, a member of the S&P 500 and known for its diverse engineered products, operates 135 manufacturing facilities across 18 countries with a workforce of 21,000.

Leggett & Platt announced a third-quarter dividend of $.42 per share, marking a 5% increase from Q3 2020. This dividend will be paid on October 15, 2021, to shareholders of record by September 15, 2021. The company has a history of raising annual dividends for 50 consecutive years, making it a member of the S&P 500 Dividend Aristocrats. With an annual indicated dividend of $1.68 per share, the current yield stands at 3.5% based on a closing price of $48.40 per share.

Leggett & Platt reported record second-quarter sales of $1.27 billion, a 50% increase from the previous year. EBIT reached $172 million, up $149 million, while adjusted EBIT was $144 million, an increase of $94 million. EPS was $0.82, up $0.87 year-over-year. The company acquired Kayfoam, a specialty foam provider, strengthening its position in Europe. Full-year guidance was raised to $4.9–$5.1 billion in sales and $2.86–$3.06 EPS. Despite inflationary pressures, demand remains strong.

Leggett & Platt (NYSE: LEG) will release its second-quarter earnings on August 2, 2021, after market close. A conference call to discuss the results, annual guidance, and market conditions is scheduled for August 3 at 8:30 a.m. ET. This call will be accessible via their website. Leggett & Platt is a diversified manufacturer with 15 business units and 135 facilities across 17 countries. The company is a member of the S&P 500 and known for its bedding and automotive support products.