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. 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 announce its first quarter earnings on May 2, 2022, after market closure. A conference call to discuss the results, along with annual guidance and market conditions, is scheduled for May 3, 2022, at 8:30 a.m. ET. Access to the call will be via webcast on their website. With 130 manufacturing facilities across 17 countries, Leggett & Platt is a leader in products such as bedding components and automotive systems, serving diverse markets.
Leggett & Platt has elected Angela Barbee to its Board of Directors, effective immediately. Ms. Barbee, 56, previously served as Senior Vice President – Technology and Global R&D at Weber, Inc., and has extensive experience in engineering and product development at Kohler Company and General Motors. Her educational background includes a bachelor's and master's degree in Mechanical Engineering. Executive Chairman Karl Glassman expressed confidence in her skills, emphasizing her international experience in innovation and management. This addition to the board may enhance Leggett's strategic direction.
Leggett & Platt has declared a first quarter dividend of $.42 per share, reflecting a 5% increase from the first quarter of 2021. This dividend will be payable on April 15, 2022, to shareholders recorded by March 15, 2022. With an annual indicated dividend of $1.68 per share, the yield stands at 4.4%. Notably, the company has consistently raised its annual dividends for 50 consecutive years, marking it as one of the prominent Dividend Kings in the market.
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.