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Leggett and Platt Inc  (LEG)
Other Ticker:  
 
 
Price: $18.2600 $0.58 3.281%
Day's High: $17.89 Week Perf: 3.69 %
Day's Low: $ 17.65 30 Day Perf: -0.81 %
Volume (M): 27 52 Wk High: $ 33.50
Volume (M$): $ 490 52 Wk Avg: $25.78
Open: $17.48 52 Wk Low: $17.19



 Market Capitalization (Millions $) 2,498
 Shares Outstanding (Millions) 137
 Employees 22,000
 Revenues (TTM) (Millions $) 4,725
 Net Income (TTM) (Millions $) -137
 Cash Flow (TTM) (Millions $) 49
 Capital Exp. (TTM) (Millions $) 114

Leggett And Platt Inc
We were founded as a partnership in Carthage, Missouri in 1883 and became incorporated in 1901. The Company, a pioneer in the development of steel coil bedsprings, is a diversified manufacturer that conceives, designs and produces a wide range of engineered components and products that can be found in many homes, offices, retail stores and automobiles. Our business is organized into 29 business units, those units organized into 11 groups, and those groups into five segments.

We believe we are the largest independent manufacturer in North America of the following:

Components for residential furniture and bedding

Retail store fixtures and point-of-purchase displays

Components for office furniture

Non-automotive aluminum die castings

Drawn steel wire

Automotive seat support and lumbar systems

Bedding industry machinery for wire forming, sewing and quilting

Distribution of Products

Our products are sold and distributed primarily through the Company's sales personnel. However, many of our businesses have relationships and agreements with sales representatives and distributors. We do not believe any of these agreements or relationships would, if terminated, have a material adverse effect on the consolidated financial condition or results of operations of the Company.

Raw Materials

We use a variety of raw materials in manufacturing our products. Some of the most important raw materials include:

Steel scrap

Steel rod

Woven and non-woven fabrics

Aluminum

Angle iron

Coil and sheet steel

Rough green lumber

Textile scrap

Foam chemicals and foam scrap

Plastic resin

The raw materials for many of our businesses are supplied by our own facilities. For example, steel rod is used to produce steel wire, which we use to produce innersprings and box springs for mattresses; displays, shelving and racks for retail customers; and automotive seating systems. Our own wire drawing mills supply nearly all of our requirements for steel wire. The steel rod produced at our rod mill in Sterling, Illinois currently supplies roughly half of our current rod requirements. We also produce welded steel tubing and dimension lumber both for our own consumption and for sale to customers outside the Company.

Customers

We serve thousands of customers worldwide, sustaining many long-standing business relationships. No single customer accounted for more than five percent (5%) of the Company's consolidated revenues.

The majority of our international operations, measured by trade sales, are in Canada, Europe and Mexico.

The Canadian operations primarily manufacture innersprings for mattresses, fabricated wire for the bedding, furniture and automotive industries, and cut-to-size bed frame lumber. We manufacture shelving for retailers, wire and steel storage systems and racks for the interior of service vans and utility vehicles, point-of-purchase displays for retailers, as well as chair frames and bases, table bases and office chair controls, and plastic injection moldings. We also make lumbar supports for automotive seats and other automotive and furniture seat components.

Our foreign operations in Europe produce, among other things, innersprings for mattresses, fabric for industrial and residential uses, various wire products, office chair mechanisms and automotive lumbar seating systems. We also sell machinery and equipment designed to manufacture innersprings for mattresses and other bedding related components. Finally, we have one operation in Europe that designs and distributes point-of-purchase displays for retailers.

The Mexican operations primarily manufacture innersprings and wire grid tops for mattresses, fabricated wire for the bedding industry, and fabric for industrial and residential uses. We produce aluminum die castings and provide machining, sub-assembly and other value added services related to aluminum die castings. We also produce commercial shelving, material handling equipment, and automotive control cable systems.

Competition

Many companies offer products that compete with those manufactured and sold by Leggett. The number of competing companies varies by product line, but the markets for our products are highly competitive in all aspects. A number of our customers manufacture components similar to ours for their own use. The primary competitive factors in our business include price, product quality and innovation, and customer service.

In certain of our markets a portion of U.S. manufacturing is moving overseas. We face increasing competition from foreign competitors, especially those in Asia who supply component parts to our customers' Chinese and Asian manufacturing facilities. We have, and continue to develop, significant Asian supply sources. We also have, and continue to develop, a manufacturing presence in Asia. Our Asian facilities manufacture products for Asian markets as well as for our customers in other parts of the world.



   Company Address: No. 1 Leggett Road Carthage, 64836 MO
   Company Phone Number: 358-8131   Stock Exchange / Ticker: NYSE LEG
   


Customers Net Income fell by LEG's Customers Net Profit Margin fell to

-6.64 %

6.86 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BSET   -3.35%    
ETD   -1.51%    
LZB   -2.91%    
TPX   -2.46%    
WSM   -3.23%    
BIG        14.72% 
• View Complete Report
   



Leggett And Platt Inc

Leggett And Platt Inc Battles Decline in Revenue, Stock Price Plummet

Leggett And Platt Inc, a furniture and fixtures company, experienced a significant decline in its stock price over the course of February, with a decrease of -11.7%. This brought the share price down to -21.83% during the first quarter of 2024, with the stock trading only 5.3% above its 52-week low.
Looking at the financial performance of Leggett And Platt Inc for the October to December 31, 2023 time-frame, the company slipped into a deficit of $-2.14 per share, compared to $0.39 per share a year ago. Income per share also fell from $0.39 per share from the prior quarter. Additionally, revenue depreciated by -6.774% to $1.11 billion from $1.20 billion in the same quarter a year ago, with a sequential decrease of -5.148% from $1.18 billion.
During this period, Leggett And Platt Inc recorded a net deficit of $-297.400 million, instead of net proceeds of $52.800 million a year before. The level of inventories declined to $819.7 million, and accounts receivable also decreased to $637.3 million. Some analysts believe that the decline in accounts receivable may be due to slowing demand for the company's products.
For the financial 12 months of 2023, Leggett And Platt Inc delivered a net loss of $-136.80 million and revenue of $4.72 billion. The company reported earnings per share of $-1.00, down from $2.27 in the prior financial year, and revenue deteriorated by -8.2% from $5.15 billion a year ago.

Leggett And Platt Inc

Leggett And Platt Inc's Stock Rebounds with 1.03% Gain, but Year-to-Date Performance Remains Negative at -27.74%

Leggett And Platt Inc, a prominent Furniture & Fixtures company, has shown a marginal improvement in its stock performance over the last five trading days, with a 1.03% increase. However, despite this recent gain, the year-to-date performance remains negative at -27.74%. Additionally, the stock is currently trading 4.1% above its 52-week low.
Examining the financial figures of Leggett And Platt Inc, we find that their income for the most recent fiscal period has declined by 25% compared to the previous year. The earnings per share also dropped by 2.5% from the previous reporting season. This decrease is significant, with earnings falling from $0.52 per share to $0.39 per share.

Leggett And Platt Inc

Leggett And Platt Inc Faces Alarming Plummet in Revenue and Profits, Raising Concerns for Future Growth


Introduction
In the latest earnings report, Leggett And Platt Inc, a prominent Furniture & Fixtures company, revealed a disappointing performance for the second quarter of 2023. The company witnessed a notable decrease in net profit per share, revenue, and net profits, painting a challenging financial picture. Let's analyze the numbers and their implications for the company's future.
Revenue and Net Profit Decline
During the second quarter of 2023 earnings season, Leggett And Platt Inc experienced a substantial decrease in net profit per share, plummeting by -42.86% to $0.40 per share compared to the previous reporting period. This decline was mainly attributed to an -8.477% drop in revenue, which amounted to $1.22 billion year on year.

Leggett And Platt Inc

Leggett And Platt Inc Faces Uphill Battle as Weak Demand Triggers EPS Decline in Q1 2023

Investing in the stock market can be a risky decision, especially when considering the performance of individual companies. Leggett And Platt Inc, a Furniture & Fixtures company, recently announced its first quarter results for 2023, which have shown some concerning trends.
The return on equity (ROE) for Leggett And Platt Inc stood at 16.84%, lower than the company's average return on equity of 16.96%. The ROE also decreased when compared to the previous quarter of 2022, despite a growth of 1.33% in net income during this period.






 

Leggett And Platt Inc's Segments
 
Residential Furnishings
 Segment     of total Revenue
Commercial Fixturing & Components
 Segment     of total Revenue
Industrial Materials
 Segment     of total Revenue
Specialized Products
 Segment     of total Revenue
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
Leggett And Platt Inc announced annual revenue outlook on

Earnings Outlook
Leggett and Platt Inc issued annual earnings guidance on

 
Geographic Revenue Dispersion
United States
Canada
Europe
Mexico
Other
China




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