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) 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.
Leggett & Platt reported a 4Q 2020 sales increase of 3% year-over-year to $1.182 billion, achieving a record EPS of $.76. However, total 2020 sales decreased by 10% to $4.28 billion, with an EPS of $1.82. The company declared a first quarter dividend of $.40 per share, payable on April 15, 2021. For 2021, sales are projected between $4.6 billion and $4.9 billion, with EPS guidance of $2.30 to $2.60, driven by improving consumer demand despite challenges.
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.