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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 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.
Leggett & Platt (NYSE:LEG) will release its third quarter earnings results on November 2, 2020, after market close, followed by a conference call on November 3, 2020, at 8:30 a.m. ET. Investors can access the call via the company’s website. With 137 years of experience, Leggett & Platt is a diversified manufacturer producing engineered products for various markets, including bedding components and automotive systems. The company operates 140 manufacturing facilities across 18 countries, focusing on innovation and shareholder returns.
Leggett & Platt reported a significant 30% decline in 2Q sales, totaling $845 million, largely due to the COVID-19 pandemic. The company had a net loss of ($.05) EPS, down $.69 from the previous year. Adjusted EPS stood at $.16, reflecting an adjusted EBIT of $51 million, down 83%. Despite challenges, liquidity was reported at $1.3 billion. The board declared a third-quarter dividend of $.40 per share, to be paid on October 15, 2020.