财务业绩 - 2Q销售额为11亿美元，同比下降8%[6] - 2Q每股亏损4.39美元，主要由于非现金商誉减值计提[12] - 2Q调整后每股收益0.29美元，同比下降0.09美元[12] - 公司第二季度销售额为11.286亿美元，同比下降8%[28] - 第二季度毛利为1.865亿美元，同比下降16%[28] - 第二季度销售及管理费用为1.315亿美元，同比增加10%[28] - 第二季度息税前亏损为6.143亿美元，上年同期盈利0.957亿美元[28] - 第二季度净亏损为6.022亿美元，上年同期净利润0.542亿美元[28] - 第二季度每股亏损4.39美元，上年同期每股盈利0.40美元[28] - 公司整体第二季度收入为11.29亿美元，同比下降8%[32] - 公司整体2024年上半年收入为22.26亿美元，同比下降9%[32] - 公司整体第二季度调整后EBIT为7120万美元，同比下降23%[32] - 公司整体2024年上半年调整后EBIT为1.35亿美元，同比下降26%[32] - 公司整体第二季度调整后EBITDA为1.04亿美元，同比下降24%[32] - 公司整体2024年上半年调整后EBITDA为2亿美元，同比下降26%[32] - 公司第二季度Bedding Products业务收入为4.38亿美元，同比下降13%[32] - 公司第二季度Specialized Products业务收入为3.2亿美元，与去年持平[32] - 公司第二季度Furniture, Flooring & Textile Products业务收入为3.71亿美元，同比下降6%[32] - 公司第二季度计提了6.75亿美元的商誉减值[37] 财务预测 - 2024年每股收益预期为-3.43美元至-3.58美元，包括商誉减值、重组费用、房地产收益等影响[2] - 2024年调整后每股收益预期为1.10美元至1.25美元，销售额预期为43亿美元至45亿美元[2] 重组计划 - 重组计划进展顺利，预计2025年底全面实施后将带来4000万美元至5000万美元的年度EBIT收益[16] - 预计2024年将实现1000万美元至1500万美元的EBIT收益，高于之前5000万美元至1000万美元的预期[16] - 预计2024年销售额损失将为2500万美元，低于之前4000万美元的预期[16] - 预计2024年将获得1500万美元至2500万美元的房地产出售收益，高于之前0至1000万美元的预期[17] 财务状况 - 截至6月30日，公司现金及等价物为3.07亿美元，较年初下降16%[31] - 截至6月30日，公司总资产为38.39亿美元，较年初下降17%[31] - 截至6月30日，公司权益为6.683亿美元，较年初下降50%[31] - 第二季度经营活动产生的现金流入为0.94亿美元，同比下降15%[29] 战略调整 - 公司正在进行战略评估，未来将更加聚焦和盈利[5] 财务数据 - 2023年第1季度至第4季度和2024年第1季度至第2季度的调整后EBIT、EBITDA、利润率和每股收益数据[1] - 2023年第1季度至第4季度和2024年第1季度至第2季度的总债务、现金及等价物和净债务数据，以及过去12个月调整后EBITDA和净债务/调整后EBITDA比率[2] - 2023年第1季度至第4季度和2024年第1季度至第2季度的非公认会计准则调整项目[3]

CARTHAGE, Mo., Aug. 1, 2024 /PRNewswire/ -- 2Q sales of $1.1 billion, an 8% decrease vs 2Q23 2Q EPS of ($4.39), primarily due to a non-cash goodwill impairment charge 2Q adjusted1 EPS of $.29, a $.09 decrease vs adjusted1 2Q23 EPS 2024 EPS guidance is ($3.43)–($3.58), including impact of non-cash goodwill impairment charge, restructuring charges, real estate gains, and certain other costs 2024 adjusted1 EPS narrowed to $1.10–$1.25; sales guidance lowered to $4.3–$4.5 billion President and CEO Karl Glassman ...

Carthage, MO, July 18, 2024 (GLOBE NEWSWIRE) -- Leggett & Platt (NYSE:LEG), a diversified manufacturer of engineered products serving several major markets, will release second quarter earnings results on Thursday, August 1, 2024 after the market closes, and hold its quarterly conference call to discuss second quarter results, annual guidance, market conditions, and related matters on Friday August 2, 2024, at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). This call will be webcast and can be accessed fro ...

Editor's note: Seeking Alpha is proud to welcome Jim Wade as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access. Click here to find out more » Marc Beresford/DigitalVision via Getty Images Investment Thesis Leggett & Platt (NYSE:LEG) has had a rough three-year stretch, with the share price recently descending to levels it hasn't seen since 2009 after cuttin ...

Sezeryadigar/iStock via Getty Images LEG stock: the dividend king cut its dividends Leggett & Platt, Inc. (NYSE:LEG) caught my attention in early 2022 during my routine screening of dividend stocks. In these screens, I specifically look for stocks that pay regular dividends and are yielding either far above or below their historical average yield. LEG was yielding around 5% at that time as seen in the next chart, close to the highest level in at least 10 years (except for the period of fire sale during the ...

It has been about a month since the last earnings report for Legget & Platt (LEG) . Shares have lost about 20.9% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Legget & Platt due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Leggett Lags on Q1 Earnings & Sales, Cu ...

CARTHAGE, Mo., May 21, 2024 /PRNewswire/ --Karl Glassman appointed President and CEO and will continue to serve as Board ChairmanMitch Dolloff resigned as President and CEO and a member of the BoardDiversified manufacturer Leggett & Platt announced that its Board of Directors has appointed Karl Glassman as President and Chief Executive Officer, effective immediately. Karl will continue to serve as Board Chairman. This follows the decision by Mitch Dolloff to resign as Chief Executive Officer and a member th ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-07845 LEGGETT & PLATT, INCORPORATED (Exact name of registrant as specified in its charter) Missouri 44-0324630 (State or other ...

CARTHAGE, Mo., May 8, 2024 /PRNewswire/ -- Leggett & Platt's annual meeting of shareholders was held this morning in Carthage, Missouri.  Shareholders elected as directors the 11 nominees proposed by the Board; ratified the selection of PricewaterhouseCoopers as the Company's independent registered public accountant for 2024; endorsed the compensation of the Company's named executive officers; and approved the amendment and restatement of the Company's Flexible Stock Plan.  No other proposals were voted upo ...

Leggett & Platt, Incorporated (LEG) reported tepid first-quarter 2024 results, wherein earnings and net sales missed the Zacks Consensus Estimate. The metrics declined on a year-over-year basis due to persistent weak demand in most of the markets served and lower price realization.Following the results, the stock plunged 13.1% in the after-hour trading session on Apr 30.Leggett significantly reduced its second-quarter dividend to 5 cents from the prior-year figure of 46 cents. The company noted that the mov ...