Company profile

Ticker
LEG
Exchange
Website
CEO
Karl G. Glassman
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
SEC CIK
IRS number
440324630

LEG stock data

(
)
FINRA relative short interest over last month (20 trading days) ?

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

8 May 20
1 Jun 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 1.06B 1.22B 1.32B 1.3B
Net income 45.7M 86.9M 99.6M 86.3M
Diluted EPS 0.34 0.64 0.74 0.64
Net profit margin 4.31% 7.12% 7.53% 6.66%
Net change in cash 258.2M 5.6M -47.7M 26.4M
Cash on hand 505.8M 247.6M 242M 289.7M
Cost of revenue 822.7M 872.5M 963.8M 943.5M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 5.08B 4.6B 4.24B 4.13B
Net income 333.9M 306.1M 292.7M 386.2M
Diluted EPS 2.47 2.26 2.13 2.76
Net profit margin 6.58% 6.66% 6.90% 9.36%
Operating income* 520.7M 445.1M 475.4M 525.5M
Net change in cash -20.5M -258M 244.2M 28.7M
Cash on hand 247.6M 268.1M 526.1M 281.9M
Cost of revenue 3.7B 3.38B 3.06B 2.85B

Financial data from company earnings reports. *Asterisk values are approximate.

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
22 May 20 Scott S Douglas Common Stock Grant Aquire A 23.992 30.875 740.74 48,214.609
22 May 20 Scott S Douglas Common Stock Grant Aquire A 25.4915 14.776 376.65 48,183.734
22 May 20 J Mitchell Dolloff Common Stock Grant Aquire A 23.992 154.372 3.7K 163,304.572
22 May 20 J Mitchell Dolloff Common Stock Grant Aquire A 25.4915 24.205 617.03 163,150.2
22 May 20 Karl G Glassman Common Stock Grant Aquire A 23.992 981.898 23.56K 587,665.848
22 May 20 Karl G Glassman Common Stock Grant Aquire A 25.4915 44.008 1.12K 586,683.95
22 May 20 Russell J Iorio Common Stock Grant Aquire A 23.992 195.826 4.7K 72,533.901
22 May 20 Russell J Iorio Common Stock Grant Aquire A 25.4915 10.079 256.93 72,338.075
22 May 20 Steven K Henderson Common Stock Grant Aquire A 23.992 50.979 1.22K 31,640.218
22 May 20 Steven K Henderson Common Stock Grant Aquire A 25.4915 17.793 453.57 31,589.24
68.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 425 506 -16.0%
Opened positions 42 107 -60.7%
Closed positions 123 52 +136.5%
Increased positions 153 166 -7.8%
Reduced positions 158 165 -4.2%
13F shares
Current Prev Q Change
Total value 22.66B 39.26B -42.3%
Total shares 91.17M 96.76M -5.8%
Total puts 174.1K 160K +8.8%
Total calls 147.4K 181.6K -18.8%
Total put/call ratio 1.2 0.9 +34.1%
Largest owners
Shares Value Change
Vanguard 15.03M $400.87M +3.1%
BLK BlackRock 12.83M $342.29M -0.4%
STT State Street 11.27M $305.14M -22.1%
Charles Schwab Investment Management 5.25M $140.17M +284.1%
Geode Capital Management 2.37M $63.02M +8.4%
ProShare Advisors 2.07M $55.28M -16.5%
USB Us Bancorp 1.93M $51.59M -2.5%
Epoch Investment Partners 1.86M $49.73M -1.2%
BK Bank Of New York Mellon 1.76M $47.04M +1.3%
NTRS Northern Trust 1.48M $39.37M +0.7%
Largest transactions
Shares Bought/sold Change
Charles Schwab Investment Management 5.25M +3.89M +284.1%
Charles Schwab Investment Advisory 0 -3.57M EXIT
STT State Street 11.27M -3.2M -22.1%
Norges Bank 0 -1.14M EXIT
Wedge Capital Management L L P 0 -642.41K EXIT
JPM JPMorgan Chase & Co. 259.09K -534.07K -67.3%
Vanguard 15.03M +453.76K +3.1%
ProShare Advisors 2.07M -410.46K -16.5%
Capital Advisors 650.79K +392.33K +151.8%
MS^L Morgan Stanley 1.19M +360.02K +43.2%

Financial report summary

?
Competition
ITCITC
Risks
  • The coronavirus named COVID-19, which was first detected in China, could adversely impact our operations’ ability to obtain necessary supplies, maintain appropriate labor levels and ship finished products to customers which could negatively impact our results of operations and cash flow.
  • Climate change laws and related regulations could negatively impact the Company’s business, capital expenditures, results of operations, financial condition and competitive position.
  • Regulator, shareholder and customer focus on environmental, social and governance responsibility could expose us to additional costs or risks and adversely impact our business, the market value of our stock and our results of operations.
Management Discussion
  • Trade Sales were $1,045.5 million in the current quarter, a 9% decrease versus the first quarter 2019. Organic sales decreased 12%, from 9% lower volume and 3% from the combination of raw material-related selling price deflation and negative currency impact. The planned exit of business, in connection with restructuring activities, reduced trade sales 3% in the quarter. Acquisitions added 3% to trade sales growth in the quarter.
  • Earnings Per Share (EPS) decreased to $.34 in the current year, versus $.45 in the first quarter of 2019, primarily from lower trade sales volume, higher bad debt expense, and a higher effective tax rate, partially offset by lower raw material costs.
  • Earnings Before Interest and Taxes (EBIT) decreased 18%, to $80.7 million, primarily from lower volume and higher bad debt expense, partially offset by lower raw material costs. First quarter 2020 included an $8 million non-cash impairment charge related to a note receivable and a $4 million non-cash charge to write off stock associated with a business we divested in 2008, partially offset by the non-recurrence of first quarter 2019 restructuring-related charges of $6 million and $1 million of costs incurred with the ECS acquisition.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Good
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