Leggett & Platt, Incorporated designs, manufactures, and markets engineered components and products worldwide. It operates through three segments: Bedding Products; Specialized Products; and Furniture, Flooring & Textile Products. The company offers steel rods, drawn wires, foam chemicals and additives, innersprings, specialty foams, private label finished mattresses, mattress foundations, wire forms for adjustable beds, industrial sewing and quilting machines, and mattress packaging and glue drying equipment, as well as machines to shape wires into innersprings 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. It also provides mechanical and pneumatic lumbar support and massage systems for automotive seating; seat suspension systems, motors and actuators, and cables; titanium, nickel, and stainless steel tubing, formed tubes, tube assemblies, and flexible joint components for fluid conveyance systems; and engineered hydraulic cylinders to automobile OEMs and Tier 1 suppliers, aerospace OEMs and suppliers, and mobile equipment OEMs. In addition, the company offers steel mechanisms and motion hardware for reclining chairs, sofas, sleeper sofas and lift chairs; springs and seat suspensions; components and private label finished goods for soft seating; and bases, columns, back rests, casters, and frames, as well as control devices for chairs. Further, it offers carpet cushion and hard surface flooring underlayment, structural fabrics, and geo components to manufacturers of upholstered and office furniture, flooring retailers and distributors, contractors, landscapers, road construction companies, retailers, government agencies, and mattress and furniture producers, as well as manufacturers of packaging, filtration, and draperies. Leggett & Platt, Incorporated was founded in 1883 and is based in Carthage, Missouri.
IPO Year:
Exchange: NYSE
Website: leggett.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/30/2024 | $11.00 → $13.00 | Underweight → Neutral | Piper Sandler |
| 4/11/2023 | $39.00 → $34.00 | Buy → Neutral | Goldman |
| 12/12/2022 | $31.00 → $24.00 | Neutral → Underweight | Piper Sandler |
| 5/4/2022 | Outperform → Mkt Perform | Raymond James | |
| 2/9/2022 | $55.00 → $50.00 | Outperform | Raymond James |
| 11/3/2021 | $60.00 → $55.00 | Outperform | Raymond James |
CARTHAGE, Mo., May 7, 2025 /PRNewswire/ -- Board declared second quarter dividend of $.05 per shareAnnual meeting voting aligned with Board recommendationsManuel Fernandez and Mark Blinn retired from BoardLeggett & Platt's Board of Directors declared a dividend of $.05 per share for the second quarter 2025. The dividend will be paid on July 15, 2025 to shareholders of record on June 13, 2025. The Company's annual meeting of shareholders was held this morning. Shareholders elected as directors the eight nominees proposed by the Board; ratified the selection of PricewaterhouseCoopers as the Company's independent registered public accountant for 2025; endorsed the compensation of the Company's
CARTHAGE, Mo., April 28, 2025 /PRNewswire/ -- 1Q sales of $1.0 billion, a 7% decrease vs 1Q241Q EPS of $.22, 1Q adjusted1 EPS of $.24, a $.01 increase vs adjusted1 1Q24 EPS1Q operating cash flow of $7 million, a $13 million increase vs 1Q242025 guidance sales and adjusted EPS unchanged: sales of $4.0–$4.3 billion, EPS of $.85–$1.26; adjusted EPS of $1.00–$1.20President and CEO Karl Glassman commented, "We are pleased to report better than anticipated first quarter earnings. Our earnings improvement is a testament to the excellent execution of our restructuring plan and operational efficiency improvement initiatives, as well as disciplined cost management. As we navigate the complex and fluid
Carthage, MO, April 15, 2025 (GLOBE NEWSWIRE) -- Leggett & Platt (NYSE:LEG), a diversified manufacturer of engineered products serving several major markets, will release first quarter earnings results on Monday, April 28, 2025 after the market closes, and hold its quarterly conference call to discuss first quarter results, annual guidance, market conditions, company initiatives and related matters on Tuesday, April 29, 2025, at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). This call will be webcast and can be accessed from the Investor Relations section of Leggett & Platt's website at www.leggett.com. Dial in information: 201-689-8341, no passcode required. The earnings release and sl
CARTHAGE, Mo., April 2, 2025 /PRNewswire/ -- Leggett & Platt has signed an agreement to sell its Aerospace Products Group to affiliated funds managed by Tinicum Incorporated for a cash purchase price of $285 million before customary working capital and debt-type adjustments. The transaction is expected to close in 2025 as soon as all closing conditions are met, including necessary regulatory approvals. The after-tax cash proceeds are expected to be approximately $240 million. The Aerospace Products Group is a supplier of complex, highly engineered tube and duct assemblies for use primarily in commercial and military aircraft platforms and space launch vehicles. The business is comprised of s
CARTHAGE, Mo., Feb. 26, 2025 /PRNewswire/ -- Leggett & Platt's Board of Directors declared a dividend of $.05 per share for the first quarter 2025. The dividend will be paid on April 15, 2025 to shareholders of record on March 14, 2025. FOR MORE INFORMATION: Visit Leggett's website at www.leggett.com. COMPANY DESCRIPTION: Leggett & Platt (NYSE:LEG) is a diversified manufacturer that designs and produces a broad variety of engineered components and products that can be found in many homes and automobiles. The 142-year-old Company is a leading supplier of bedding components and private label finished goods; automotive seat comfort and convenience systems; home and work furniture components; g
CARTHAGE, Mo., Feb. 13, 2025 /PRNewswire/ -- 4Q sales of $1.1 billion, a 5% decrease vs 4Q234Q EPS of $.10, 4Q adjusted1 EPS of $.21, a $.05 decrease vs adjusted1 4Q23 EPS2024 sales of $4.4 billion, a 7% decrease vs 20232024 EPS of ($3.73), 2024 adjusted1 EPS of $1.05, a $.34 decrease vs adjusted1 2023 EPS2025 guidance: sales of $4.0–$4.3 billion, EPS of $.83–$1.24; adjusted1 EPS of $1.00–$1.20Sam Smith appointed President of Specialized Products segmentPresident and CEO Karl Glassman commented, "In 2024, we made excellent progress on our strategic priorities, particularly the execution of our restructuring plan, which consistently met or exceeded our expectations. As part of our restructuri
Carthage, MO, Jan. 27, 2025 (GLOBE NEWSWIRE) -- Leggett & Platt (NYSE:LEG), a diversified manufacturer of engineered products serving several major markets, will release fourth quarter and full year earnings results on Thursday, February 13, 2025 after the market closes, and hold its quarterly conference call to discuss fourth quarter and full year results, annual guidance, market conditions, company initiatives and related matters on Friday, February 14, 2025, at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). This call will be webcast and can be accessed from the Investor Relations section of Leggett & Platt's website at www.leggett.com. Dial in information: 201-689-8341, no passcode r
CARTHAGE, Mo., Nov. 7, 2024 /PRNewswire/ -- Leggett & Platt's Board of Directors declared a dividend of $.05 per share for the fourth quarter 2024. The dividend will be paid on January 15, 2025 to shareholders of record on December 13, 2024. FOR MORE INFORMATION: Visit Leggett's website at www.leggett.com. COMPANY DESCRIPTION: Leggett & Platt (NYSE:LEG) is a diversified manufacturer that designs and produces a broad variety of engineered components and products that can be found in many homes and automobiles. The 141-year-old Company is a leading supplier of bedding components and private label finished goods; automotive seat comfort and convenience systems; home and work furniture component
CARTHAGE, Mo., Oct. 28, 2024 /PRNewswire/ -- 3Q sales of $1.1 billion, a 6% decrease vs 3Q233Q EPS of $.33; 3Q adjusted1 EPS of $.32, a $.04 decrease vs adjusted1 3Q23 EPS2024 EPS guidance is ($3.56)–($3.71), including impact of non-cash goodwill impairment charge, restructuring charges, real estate gains, and certain other costs2024 guidance lowered: adjusted1 EPS of $1.00–$1.10, sales of $4.3–$4.4 billionPresident and CEO Karl Glassman commented, "We continued to make solid progress on our restructuring and operating efficiency improvement initiatives, although demand headwinds were more challenging than anticipated in the third quarter. Despite weaker than expected results, we paid down $
Carthage, MO, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Leggett & Platt (NYSE:LEG), a diversified manufacturer of engineered products serving several major markets, will release third quarter earnings results on Monday, October 28, 2024 after the market closes, and hold its quarterly conference call to discuss third quarter results, annual guidance, market conditions, and related matters on Tuesday, October 29, 2024, at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). This call will be webcast and can be accessed from the Investor Relations section of Leggett & Platt's website at www.leggett.com. Dial in information
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CARTHAGE, Mo., May 7, 2025 /PRNewswire/ -- Board declared second quarter dividend of $.05 per shareAnnual meeting voting aligned with Board recommendationsManuel Fernandez and Mark Blinn retired from BoardLeggett & Platt's Board of Directors declared a dividend of $.05 per share for the second quarter 2025. The dividend will be paid on July 15, 2025 to shareholders of record on June 13, 2025. The Company's annual meeting of shareholders was held this morning. Shareholders elected as directors the eight nominees proposed by the Board; ratified the selection of PricewaterhouseCoopers as the Company's independent registered public accountant for 2025; endorsed the compensation of the Company's
CARTHAGE, Mo., April 28, 2025 /PRNewswire/ -- 1Q sales of $1.0 billion, a 7% decrease vs 1Q241Q EPS of $.22, 1Q adjusted1 EPS of $.24, a $.01 increase vs adjusted1 1Q24 EPS1Q operating cash flow of $7 million, a $13 million increase vs 1Q242025 guidance sales and adjusted EPS unchanged: sales of $4.0–$4.3 billion, EPS of $.85–$1.26; adjusted EPS of $1.00–$1.20President and CEO Karl Glassman commented, "We are pleased to report better than anticipated first quarter earnings. Our earnings improvement is a testament to the excellent execution of our restructuring plan and operational efficiency improvement initiatives, as well as disciplined cost management. As we navigate the complex and fluid
Carthage, MO, April 15, 2025 (GLOBE NEWSWIRE) -- Leggett & Platt (NYSE:LEG), a diversified manufacturer of engineered products serving several major markets, will release first quarter earnings results on Monday, April 28, 2025 after the market closes, and hold its quarterly conference call to discuss first quarter results, annual guidance, market conditions, company initiatives and related matters on Tuesday, April 29, 2025, at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). This call will be webcast and can be accessed from the Investor Relations section of Leggett & Platt's website at www.leggett.com. Dial in information: 201-689-8341, no passcode required. The earnings release and sl
CARTHAGE, Mo., Feb. 26, 2025 /PRNewswire/ -- Leggett & Platt's Board of Directors declared a dividend of $.05 per share for the first quarter 2025. The dividend will be paid on April 15, 2025 to shareholders of record on March 14, 2025. FOR MORE INFORMATION: Visit Leggett's website at www.leggett.com. COMPANY DESCRIPTION: Leggett & Platt (NYSE:LEG) is a diversified manufacturer that designs and produces a broad variety of engineered components and products that can be found in many homes and automobiles. The 142-year-old Company is a leading supplier of bedding components and private label finished goods; automotive seat comfort and convenience systems; home and work furniture components; g
CARTHAGE, Mo., Feb. 13, 2025 /PRNewswire/ -- 4Q sales of $1.1 billion, a 5% decrease vs 4Q234Q EPS of $.10, 4Q adjusted1 EPS of $.21, a $.05 decrease vs adjusted1 4Q23 EPS2024 sales of $4.4 billion, a 7% decrease vs 20232024 EPS of ($3.73), 2024 adjusted1 EPS of $1.05, a $.34 decrease vs adjusted1 2023 EPS2025 guidance: sales of $4.0–$4.3 billion, EPS of $.83–$1.24; adjusted1 EPS of $1.00–$1.20Sam Smith appointed President of Specialized Products segmentPresident and CEO Karl Glassman commented, "In 2024, we made excellent progress on our strategic priorities, particularly the execution of our restructuring plan, which consistently met or exceeded our expectations. As part of our restructuri
Carthage, MO, Jan. 27, 2025 (GLOBE NEWSWIRE) -- Leggett & Platt (NYSE:LEG), a diversified manufacturer of engineered products serving several major markets, will release fourth quarter and full year earnings results on Thursday, February 13, 2025 after the market closes, and hold its quarterly conference call to discuss fourth quarter and full year results, annual guidance, market conditions, company initiatives and related matters on Friday, February 14, 2025, at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). This call will be webcast and can be accessed from the Investor Relations section of Leggett & Platt's website at www.leggett.com. Dial in information: 201-689-8341, no passcode r
CARTHAGE, Mo., Nov. 7, 2024 /PRNewswire/ -- Leggett & Platt's Board of Directors declared a dividend of $.05 per share for the fourth quarter 2024. The dividend will be paid on January 15, 2025 to shareholders of record on December 13, 2024. FOR MORE INFORMATION: Visit Leggett's website at www.leggett.com. COMPANY DESCRIPTION: Leggett & Platt (NYSE:LEG) is a diversified manufacturer that designs and produces a broad variety of engineered components and products that can be found in many homes and automobiles. The 141-year-old Company is a leading supplier of bedding components and private label finished goods; automotive seat comfort and convenience systems; home and work furniture component
CARTHAGE, Mo., Oct. 28, 2024 /PRNewswire/ -- 3Q sales of $1.1 billion, a 6% decrease vs 3Q233Q EPS of $.33; 3Q adjusted1 EPS of $.32, a $.04 decrease vs adjusted1 3Q23 EPS2024 EPS guidance is ($3.56)–($3.71), including impact of non-cash goodwill impairment charge, restructuring charges, real estate gains, and certain other costs2024 guidance lowered: adjusted1 EPS of $1.00–$1.10, sales of $4.3–$4.4 billionPresident and CEO Karl Glassman commented, "We continued to make solid progress on our restructuring and operating efficiency improvement initiatives, although demand headwinds were more challenging than anticipated in the third quarter. Despite weaker than expected results, we paid down $
Carthage, MO, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Leggett & Platt (NYSE:LEG), a diversified manufacturer of engineered products serving several major markets, will release third quarter earnings results on Monday, October 28, 2024 after the market closes, and hold its quarterly conference call to discuss third quarter results, annual guidance, market conditions, and related matters on Tuesday, October 29, 2024, at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). This call will be webcast and can be accessed from the Investor Relations section of Leggett & Platt's website at www.leggett.com. Dial in information
CARTHAGE, Mo., Aug. 7, 2024 /PRNewswire/ -- Leggett & Platt's Board of Directors declared a dividend of $.05 per share for the third quarter 2024. The dividend will be paid on October 15, 2024 to shareholders of record on September 13, 2024. FOR MORE INFORMATION: Visit Leggett's website at www.leggett.com. COMPANY DESCRIPTION: Leggett & Platt (NYSE:LEG) is a diversified manufacturer that designs and produces a broad variety of engineered components and products that can be found in many homes and automobiles. The 141-year-old Company is a leading supplier of bedding components and private label finished goods; automotive seat comfort and convenience systems; home and work furniture componen
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NEW YORK, June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S
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 the Board, also effective immediately, having mutually agreed with the Board that now is the right time for a change in leadership at Leggett & Platt. Mitch will serve in a consulting capac
CARTHAGE, Mo., June 22, 2023 /PRNewswire/ -- Diversified manufacturer Leggett & Platt announced that its Board of Directors appointed Benjamin M. Burns as Executive Vice President and Chief Financial Officer effective June 21, 2023. Ben replaces Jeffrey L. Tate, who departed from his position effective the same day. President and CEO Mitch Dolloff commented, "I am pleased to announce that Ben Burns will serve as CFO. He is a 20-year veteran of Leggett & Platt who brings tremendous business, financial, accounting and auditing capabilities, and has proven himself an outstanding leader. We have worked closely together, and I have absolute confidence in his ability to successfully lead our finan
CARTHAGE, Mo., Nov. 9, 2021 /PRNewswire/ -- Karl Glassman to retire as CEO effective December 31, 2021; will become Executive Chairman Mitch Dolloff will become CEO and President effective January 1, 2022Diversified manufacturer Leggett & Platt announced that its Board of Directors appointed Mitch Dolloff as Chief Executive Officer and President effective January 1, 2022. Mitch currently serves the Company as President and Chief Operating Officer. In addition, Karl Glassman will retire as the Company's CEO effective December 31, 2021 and will become Executive Chairman of the Board of Directors. Chairman and CEO Karl Glassman commented, "I am pleased to announce that Mitch Dolloff will become
Piper Sandler upgraded Leggett & Platt from Underweight to Neutral and set a new price target of $13.00 from $11.00 previously
Goldman downgraded Leggett & Platt from Buy to Neutral and set a new price target of $34.00 from $39.00 previously
Piper Sandler downgraded Leggett & Platt from Neutral to Underweight and set a new price target of $24.00 from $31.00 previously
Raymond James downgraded Leggett & Platt from Outperform to Mkt Perform
Raymond James reiterated coverage of Leggett & Platt with a rating of Outperform and set a new price target of $50.00 from $55.00 previously
Raymond James reiterated coverage of Leggett & Platt with a rating of Outperform and set a new price target of $55.00 from $60.00 previously
Raymond James reiterated coverage of Leggett & Platt with a rating of Outperform and set a new price target of $60.00 from $48.00 previously
Raymond James downgraded Leggett & Platt from Strong Buy to Outperform and set a new price target of $48.00
Raymond James downgraded Leggett & Platt from Strong Buy to Outperform