LEG Leggett & Platt Inc
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: Residential Products, Industrial Products, Furniture Products, and Specialized Products. The Residential Products segment supplies a variety of components and machinery used by bedding manufacturers in the production and assembly of their finished products. The Industrial Products segment supplies steel rod and drawn steel wire to its other operations and to external customers. The Furniture Products segment supplies a wide range of components for residential and work furniture manufacturers, as well as select lines of private-label finished furniture, adjustable bed bases, fashion beds, and bed frames. The Specialized Products segment supplies lumbar support systems, seat suspension systems, motors and actuators, and control cables used by automotive manufacturers. This segment also produce and distribute tubing and tube assemblies for the aerospace industry and engineered hydraulic cylinders used in the material-handling and construction industries. The company was founded J. P. Productsand C. B. Platt in 1883 and is headquartered in Carthage, MO.
Company profile
Ticker
LEG
Exchange
CEO
Karl G. Glassman
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
SEC CIK
Corporate docs
IRS number
440324630
LEG stock data
()
Calendar
6 Aug 19
17 Oct 19
31 Dec 19
News
Company financial data Financial data
| Quarter (USD) | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|
| Revenue | 1.3B | 1.24B | 1.13B | 1.18B | |
| Net income | 86.2M | 61.2M | 53M | 90M | |
| Diluted EPS | 0.64 | 0.45 | 0.39 | 0.67 | |
| Net profit margin | 6.65% | 4.93% | 4.69% | 7.66% | |
| Operating income* | 85.5M | 126.4M | |||
| Net change in cash | 26.4M | -4.8M | -95.4M | -82.9M | |
| Cash on hand | 289.7M | 263.3M | 268.1M | 363.5M | |
| Cost of revenue | 943.5M | 922.1M | 833.5M | 864.4M |
| Annual (USD) | Dec 18 | Dec 17 | Dec 16 | Dec 15 | |
|---|---|---|---|---|---|
| Revenue | 4.6B | 4.24B | 4.13B | 4.38B | |
| Net income | 305.9M | 292.6M | 385.8M | 325.1M | |
| Diluted EPS | 2.26 | 2.13 | 2.76 | 2.28 | |
| Net profit margin | 6.65% | 6.90% | 9.35% | 7.42% | |
| Operating income* | 445.1M | 475.4M | 525.5M | 486.8M | |
| Net change in cash | -258M | 244.2M | 28.7M | -79.6M | |
| Cash on hand | 268.1M | 526.1M | 281.9M | 253.2M | |
| Cost of revenue | 3.38B | 3.06B | 2.85B | 2.99B |
Financial data from company earnings reports. *Asterisk values are approximate.
Financial report summary
?Management Discussion
- Sales were $1,213 million in the current quarter, a 10% increase versus the same quarter last year. Acquisitions added 16% to sales growth in the quarter. Same location sales decreased 6%, with volume down 6%. Business we exited in connection with the 2018 Restructuring Plan accounted for 3% of the decline. A negative currency impact of 2% was offset by raw material-related selling price inflation of 2% from increases implemented in 2018.
- Earnings Per Share (EPS) increased to $.64 in the current year, versus $.63 in the second quarter of 2018, primarily from lower raw material costs (including LIFO benefit) and earnings contributions from acquired businesses, partially offset by lower volume in several businesses, higher interest expense and a higher effective tax rate.
- Earnings Before Interest and Taxes (EBIT) increased 12%, to $136 million, primarily from lower raw material costs (including LIFO benefit) and earnings contributions from acquired businesses net of amortization expense, partially offset by lower volume in several businesses and other smaller items.
Content analysis
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| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
8th grade Good
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New words:
affirmative, de, deflating, deflation, essentially, expedited, ramp, Spring, swift
Removed:
annulled, appealed, April, begin, claim, cold, counsel, existing, expanding, favor, fully, GILTI, heavily, hot, investigation, nullifying, resolved, rolled, substantial, upholding
Financial reports
10-Q
2019 Q2
Quarterly report
6 Aug 19
10-Q
2019 Q1
Quarterly report
7 May 19
10-K
2018 FY
Annual report
27 Feb 19
10-Q
2018 Q3
Quarterly report
7 Nov 18
10-Q
2018 Q2
Quarterly report
3 Aug 18
10-Q
2018 Q1
Quarterly report
8 May 18
10-K
2017 FY
Annual report
22 Feb 18
10-Q
2017 Q3
Quarterly report
7 Nov 17
10-Q
2017 Q2
Quarterly report
4 Aug 17
10-Q
2017 Q1
Quarterly report
9 May 17
Current reports
8-K
Departure of Directors or Certain Officers
30 Sep 19
8-K
Entry into a Material Definitive Agreement
22 Aug 19
8-K
Leggett & Platt Announces New Chief Financial Officer
6 Aug 19
8-K
Leggett & Platt Reports 2Q Results
29 Jul 19
8-K
Leggett & Platt Announces Perry Davis to Retire
18 Jul 19
8-K
Submission of Matters to a Vote of Security Holders
9 May 19
8-K
Leggett Announces Annual Meeting Results
7 May 19
8-K
Leggett & Platt Reports 1Q Results
29 Apr 19
8-K
Departure of Directors or Certain Officers
13 Mar 19
8-K
Entry into a Material Definitive Agreement
7 Mar 19
Registration and prospectus
S-8 POS
Registration of securities for employees (post-effective amendment)
9 Aug 19
424B2
Prospectus for primary offering
5 Mar 19
FWP
Free writing prospectus
4 Mar 19
424B5
Prospectus supplement for primary offering
4 Mar 19
15-15D
Suspension of duty to report
17 Jan 19
15-15D
Suspension of duty to report
17 Jan 19
S-8 POS
Registration of securities for employees (post-effective amendment)
15 Jan 19
S-8 POS
Registration of securities for employees (post-effective amendment)
15 Jan 19
S-8
Registration of securities for employees
6 Nov 18
S-3ASR
Automatic shelf registration
13 Mar 18
Proxies
DEF 14A
Definitive proxy
26 Mar 19
DEF 14A
Definitive proxy
28 Mar 18
DEF 14A
Definitive proxy
30 Mar 17
DEF 14A
Definitive proxy
30 Mar 16
DEF 14A
Definitive proxy
25 Mar 15
DEF 14A
Definitive proxy
25 Mar 14
DEF 14A
Definitive proxy
28 Mar 13
DEF 14A
Definitive proxy
30 Mar 12
DEF 14A
Definitive proxy
30 Mar 11
DEF 14A
Definitive proxy
25 Mar 10
Other
SD
Conflict minerals disclosure
15 May 19
SD
Conflict minerals disclosure
30 May 18
UPLOAD
Letter from SEC
12 Jun 17
CORRESP
Correspondence with SEC
5 Jun 17
SD
Conflict minerals disclosure
26 May 17
UPLOAD
Letter from SEC
24 May 17
SD
Conflict minerals disclosure
27 May 16
UPLOAD
Letter from SEC
22 Jun 15
CORRESP
Correspondence with SEC
17 Jun 15
UPLOAD
Letter from SEC
10 Jun 15