LEG Stock - Leggett & Platt, Incorporated
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $4.38B | $4.73B | $5.15B | $5.07B | $4.28B |
| Gross Profit | $749.10M | $853.80M | $976.80M | $1.04B | $904.10M |
| Gross Margin | 17.1% | 18.1% | 19.0% | 20.5% | 21.1% |
| Operating Income | $218.30M | $319.40M | $482.70M | $548.70M | $414.50M |
| Net Income | $-511,500,000 | $-136,800,000 | $309.80M | $402.40M | $253.00M |
| Net Margin | -11.7% | -2.9% | 6.0% | 7.9% | 5.9% |
| EPS | $-3.72 | $-1.00 | $2.28 | $2.95 | $1.86 |
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 mattress foundations, adjustable beds, industrial sewing and quilting machines, and mattress packaging and glue drying equipment, as well as machines to produce 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. The company was founded in 1883 and is based in Carthage, Missouri.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 30th 2024 | Piper Sandler | Upgrade | Neutral | $13← $11 |
| April 11th 2023 | Goldman | Downgrade | Neutral | $34← $39 |
| December 12th 2022 | Piper Sandler | Downgrade | Underweight | $24← $31 |
| May 4th 2022 | Raymond James | Downgrade | Market Perform | - |
Earnings History & Surprises
LEGEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 27, 2026 | — | — | — | — |
Q1 2026 | Feb 12, 2026 | $0.22 | — | — | — |
Q4 2025 | Oct 27, 2025 | $0.30 | $0.29 | -3.3% | ✗ MISS |
Q3 2025 | Jul 31, 2025 | $0.29 | $0.30 | +3.4% | ✓ BEAT |
Q2 2025 | Apr 28, 2025 | $0.23 | $0.24 | +4.3% | ✓ BEAT |
Q1 2025 | Feb 13, 2025 | $0.21 | $0.21 | 0.0% | = MET |
Q4 2024 | Oct 28, 2024 | $0.33 | $0.32 | -3.0% | ✗ MISS |
Q3 2024 | Aug 1, 2024 | $0.29 | $0.29 | 0.0% | = MET |
Q2 2024 | Apr 30, 2024 | $0.24 | $0.23 | -4.2% | ✗ MISS |
Q1 2024 | Feb 8, 2024 | $0.26 | $0.26 | 0.0% | = MET |
Q4 2023 | Oct 30, 2023 | $0.40 | $0.36 | -10.0% | ✗ MISS |
Q3 2023 | Jul 31, 2023 | $0.39 | $0.38 | -2.6% | ✗ MISS |
Q2 2023 | May 1, 2023 | $0.26 | $0.39 | +50.0% | ✓ BEAT |
Q1 2023 | Feb 6, 2023 | $0.48 | $0.39 | -18.7% | ✗ MISS |
Q4 2022 | Oct 31, 2022 | $0.50 | $0.52 | +4.0% | ✓ BEAT |
Q3 2022 | Aug 1, 2022 | $0.70 | $0.70 | 0.0% | = MET |
Q2 2022 | May 2, 2022 | $0.56 | $0.66 | +17.9% | ✓ BEAT |
Q1 2022 | Feb 7, 2022 | $0.73 | $0.77 | +5.5% | ✓ BEAT |
Q4 2021 | Nov 1, 2021 | $0.77 | $0.71 | -7.8% | ✗ MISS |
Q3 2021 | Aug 2, 2021 | $0.54 | $0.66 | +22.2% | ✓ BEAT |
Latest News
Piper Sandler Maintains Neutral on Leggett & Platt, Raises Price Target to $12
➖ NeutralLeggett & Platt shares are trading higher after the company confirmed it received an unsolicited all-stock acquisition proposal from Somnigroup International.
📈 PositiveLeggett & Platt Confirms Receipt Of Unsolicited Proposal From Somnigroup International To Acquire All Outstanding Shares Of Leggett In All-Stock Transaction
📈 PositiveLeggett & Platt trades higher after Somnigroup's all-stock acquisition proposal
📈 PositiveSomnigroup International Proposes All-Stock Acquisition Of Leggett & Platt Valued At $12/Shr
➖ NeutralTruist Securities Maintains Hold on Leggett & Platt, Raises Price Target to $12
➖ NeutralPiper Sandler Maintains Neutral on Leggett & Platt, Raises Price Target to $10
➖ NeutralLeggett & Platt shares are trading higher after the company reported Q3 financial results with sales above estimates.
📈 PositiveLeggett & Platt Raises FY2025 GAAP EPS Guidance from $0.88-$1.17 to $1.52-$1.72 vs $1.00 Est
📈 PositiveLeggett & Platt Narrows FY2025 Adj EPS Guidance from $1.00-$1.20 to $1.00-$1.10 vs $1.05 Est; Narrows FY2025 Sales Guidance from $4.000B-$4.300B to $4.000B-$4.100B vs $4.091B Est
📉 NegativeLeggett & Platt Q3 Adj. EPS $0.29, Inline, Sales $1.036B Beat $1.025B Estimate
➖ NeutralLeggett & Platt Non-GAAP EPS of $0.23 misses by $0.07, revenue of $1.06B in-line
📉 NegativeFrequently Asked Questions about LEG
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