Leggett & Platt

Leggett & Platt, Inc. engages in the manufacture and distribution of furniture and engineered components and products among homes, offices, automobiles, and commercial aircraft. It operates through the following segments: Bedding, Flooring, Furniture & Textile, and Specialized Products. The Bedding Products segment supplies products and components for the home, including mattress springs and specialty foam, as well as adjustable beds, bedding machinery, steel rod, and drawn wire. The Flooring, Furniture & Textile Products segment is a producer of an extensive line of components and engineered systems for office, residential, and contract furniture manufacturers. The Specialized Products segment supplies titanium, nickel, and stainless-steel tubing for the aerospace industry, and serves the construction market with its hydraulic cylinders group. The company was founded by J. P. Products and C. B. Platt in 1883 and is headquartered in Carthage, MO.

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Leggett & Platt reports mixed 2022 results, eyes aerospace growth

Leggett & Platt's 2022 performance showed mixed results with sales growth but lower earnings.
The company faces challenges in supply chains and softening demand in key segments.
However, opportunities exist in aerospace, hydraulic cylinders, and improved cash flow generation.
Strategic focus on critical investments and working capital management for future growth.

Leggett & Platt reports mixed Q1 results, eyes Automotive recovery

Leggett & Platt's Q1 2023 performance showed mixed results across segments, with challenges in the Bedding and Specialty foam businesses.
The company's focus on cash generation and balance sheet strength remains a key strength.
Opportunities lie in Automotive cost recovery, consumer spending trends, and growth in specialized product segments.
Maintaining guidance and monitoring market dynamics will be crucial for navigating future uncertainties.

Leggett & Platt Q2 2023: Sales Decline Amid Challenges, Recovery Opportunities

Leggett & Platt faced sales decline and earnings challenges in Q2 2023, impacted by market conditions and segment-specific issues.
Strengths lie in the Specialized Products segment growth, strategic focus on value enhancement, and cash flow priorities set by the new CFO.
Challenges include soft demand in bedding and furniture segments, along with depleted backlogs affecting sales, while opportunities exist in market stabilization and inventory management.

Leggett & Platt reports Q3 sales decline, focuses on cash management

Leggett & Platt faced challenges in sales decline and lowered guidance amid macroeconomic uncertainties but demonstrated strong cash flow and debt management.
The company's diversified portfolio showed resilience, with opportunities in stable housing market demand and managing price-cost dynamics for profitability.
Analysts raised concerns about segment weaknesses and operational challenges, while management expressed confidence in navigating market headwinds.
Optimism exists about consumer spending strength despite economic concerns, positioning Leggett & Platt for potential growth opportunities.

Leggett & Platt navigates challenges, focuses on restructuring and pricing

Leggett & Platt faced a tough Q4 and full year, focusing on restructuring and optimizing operations. While challenges persist in the Bedding and Furniture segments, opportunities exist in specialized products and effective cash management. Pricing adjustments and market alignment are key strategies for navigating uncertainties.

Leggett & Platt Q1 2024: Challenges and Opportunities Amid Restructuring

Leggett & Platt's Q1 2024 performance reflects challenges in certain segments but also highlights strategic priorities towards deleveraging and operational improvements. The company is navigating market competition, restructuring, and cost management to drive profitability and growth.

Leggett & Platt reports Q2 earnings decline, navigates market challenges

Leggett & Platt's Q2 2024 performance reflects a challenging environment with sales decline and earnings impact from a noncash charge.
The company's strengths in restructuring progress, shareholder focus, and employee empowerment position it for resilience amidst market challenges.
Challenges from lower demand, Automotive market volatility, and segment-specific issues require strategic responses for sustained growth.
Opportunities exist for Leggett & Platt to leverage its strengths, adapt to market dynamics, and drive future growth and profitability.

Leggett & Platt reports Q3 challenges, focuses on efficiency improvements

Leggett & Platt faced challenges in Q3 2024 due to weaker demand in key markets, but efficiency improvements and restructuring efforts are driving positive results.
Despite sales decline, the company's focus on operational efficiency and debt reduction is strengthening its financial position.
The revised 2024 outlook sets clear targets for sales, adjusted EPS, and EBIT margin, indicating a strategic approach to navigate market challenges.
Addressing challenges in residential and automotive markets while capitalizing on opportunities for operational enhancement will be key for future success.

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Leggett & Platt, Inc. engages in the manufacture and distribution of furniture and engineered components and products among homes, offices, automobiles, and commercial aircraft. It operates through the following segments: Bedding Products, Specialized Products, and Furniture, Flooring & Textile Products. The Bedding Products segment supplies products and components for the home, including mattress springs and specialty foam, as well as adjustable beds, bedding machinery, steel rod, and drawn wire. The Specialized Products segment supplies titanium, nickel, and stainless-steel tubing for the aerospace industry, and serves the construction market with its hydraulic cylinders group. The Flooring, Furniture & Textile Products segment produces an extensive line of components and engineered systems for office, residential, and contract furniture manufacturers. The company was founded by J. P. Products and C. B. Platt in 1883 and is headquartered in Carthage, MO.

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Piper Sandler's Peter Keith reduced his per-share price target and reiterated an underweight rating on Leggett & Platt stock. The analyst cited concerns over an increased risk of a dividend cut.

Why Leggett & Platt Stock Fell Today

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It operates through three segments: Bedding, Specialized Products Furniture, Flooring Textile Products The company offers Steel rods, drawn wires, foam chemicals, and additives Innerspring, specialty foams, private label finished mattresses, mattress foundations, Wire forms for mattress foundations, adjustable beds, industrial sewing and quilting machines Mattress packaging and glue drying equipment, machines to produce innerspring for industrial users of steel rods and wires, manufacturers of finished bedding, big box and e-commerce retailers, bedding brands and mattress retailers, department stores, and home improvement centers.

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CARTHAGE, Mo. , Feb. 27, 2024 /PRNewswire/ -- Steve Henderson, Executive Vice President and President of the Specialized Products and Furniture, Flooring & Textile Products segments, to retire effective April 1 Sam Smith appointed Senior Vice President and President of Furniture, Flooring & Textile Products segment effective April 2 Mitch Dolloff, President and CEO, will oversee Specialized Products segment on an interim basis Ryan Kleiboeker promoted to Executive Vice President and Chief Strategic Planning Officer effective February 26 Diversified manufacturer Leggett & Platt announced that Steve Henderson, Executive Vice President and President of the Specialized Products and Furniture, Flooring & Textile Products segments, will retire effective April 1, 2024.

LEGGETT & PLATT ANNOUNCES EXECUTIVE RETIREMENT AND APPOINTMENTS

CARTHAGE, Mo. , Feb. 27, 2024 /PRNewswire/ -- Leggett & Platt's Board of Directors announced a dividend of $.46 per share for the first quarter, an increase of $.02 per share or 4.5% versus the first quarter of 2023.

LEGGETT & PLATT ANNOUNCES QUARTERLY DIVIDEND OF $.46

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CARTHAGE, Mo. , Feb. 20, 2024 /PRNewswire/ -- Diversified manufacturer Leggett & Platt announced its participation in the Raymond James 45th Annual Institutional Investors Conference on Tuesday, March 5, 2024, in Orlando, Florida.

LEGGETT & PLATT TO PARTICIPATE IN RAYMOND JAMES 45TH ANNUAL INSTITUTIONAL INVESTORS CONFERENCE

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"What is a Dividend King? A stock with 50 or more consecutive years of dividend increases.”—suredividend.com. The 55 Dividend Kings screened as of February 12 represented 9 of 11 Morningstar Sectors. Broker targeted-top-ten net-gains ranged 14.3%-28.7% topped-by Northwest Natural, and Archer-Daniels Midland. By yield, Altria tops-all. Top-ten February King yields reported for UBSI, FRT, FTS, BKH, NWN, CDUAF, UVV, MMM, LEG, & MO averaged 6.00%.

February's 55 Dividend Kings: Buy 9, Watch 3

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In January 2024, we received $6851.67 in dividend income. Leggett & Platt was the highest dividend payer this month.

Bert's January Dividend Income Summary

News for Leggett & Platt Stock (LEG)