Leggett & Platt Inc Stock Price, News & Analysis

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.

Leggett & Platt reported a strong first quarter of 2021 with sales reaching $1.151 billion, a 10% increase year-over-year. The EPS hit a record $.64, up $.31 from last year. The Board raised the second quarter dividend to $.42, marking the 50th consecutive year of dividend increases. The firm also increased its full-year guidance for sales to $4.8–$5.0 billion and EPS to $2.55–$2.75. Despite a negative cash flow of $11 million due to working capital investments, Leggett remains optimistic about its financial outlook.

Leggett & Platt (NYSE:LEG) will announce its first quarter earnings results on May 3, 2021, following market closure, with a conference call on May 4, 2021, at 8:30 a.m. ET. The call will cover earnings, annual guidance, and market conditions. Investors can access the earnings release and financial slides on their website post-announcement. Leggett & Platt is a diversified manufacturer with 15 business units globally, specializing in engineered products in bedding, automotive, and furniture markets, employing around 20,000 people across 135 facilities in 17 countries.

Leggett & Platt will present at the Raymond James virtual 42nd Annual Institutional Investors Conference on March 3, 2021, at 8:20 a.m. Eastern. CEO Karl G. Glassman will address the investment community, and the presentation will be available via webcast on Leggett's Investor Relations website. The company, known for its diversified manufacturing, focuses on innovative products that improve lives and provide strong returns for shareholders. With 15 business units and operations in 17 countries, Leggett is a leading U.S. manufacturer in various sectors, including bedding and automotive components.