LEG Leggett & Platt, Inc.

All LEG filings Filing statistics SEC

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

NYSE

Website

www.leggett.com

CEO

Karl G. Glassman

Incorporated in

Missouri

Location

Missouri

Fiscal year end

Dec 31

Sector

Consumer Durables > Home Furnishings

Industry (SEC)

Household Furniture

Tempur Sealy International • Compass Diversified • La-Z-Boy • Sleep Number • Flexsteel Industries • Kimball International • Nova Lifestyle • Hooker Furniture • Luvu Brands • Purple Innovation ...

SEC CIK

0000058492

Corporate docs

Articles of Incorporation & Bylaws

IRS number

440324630

LEG stock data

S&P 500

1M 1Y 2Y 5Y

Investment data

Data from SEC filings

Securities sold

Number of investors

Company financial data Financial data

Chart LEG financial data

Quarter (USD)	Sep 19	Jun 19	Mar 19	Dec 18
Revenue	1.32B	1.3B	1.24B	1.13B
Net income	99.6M	86.2M	61.2M	53M
Diluted EPS	0.74	0.64	0.45	0.39
Net profit margin	7.53%	6.65%	4.93%	4.69%
Operating income*				85.5M
Net change in cash	-47.7M	26.4M	-4.8M	-95.4M
Cash on hand	242M	289.7M	263.3M	268.1M
Cost of revenue	963.8M	943.5M	922.1M	833.5M

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

Competition

ITC • ITC

Management Discussion

Sales were $1,239 million in the current quarter, a 14% increase versus the same quarter last year. Acquisitions added 16% to sales growth in the quarter. Same location sales decreased 2%, from 1% lower volume and 1% from the combination of raw material-related selling price deflation and negative currency impact. Business we exited in connection with the 2018 Restructuring Plan reduced sales 4% in the quarter.
Earnings Per Share (EPS) increased to $.74 in the current year, versus $.67 in the third quarter of 2018, primarily from earnings contributions from acquired businesses, lower raw material costs (including LIFO benefit), improved performance in Furniture Products and a lower effective tax rate, partially offset by restructuring-related charges and higher interest expense.
Earnings Before Interest and Taxes (EBIT) increased 16%, to $144 million, primarily from earnings contributions from acquired businesses net of amortization expense, lower raw material costs and improved earnings performance in Furniture Products, partially offset by restructuring-related charges of $4 million and other smaller items.

Content analysis ?

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Good

New words: altering, British, earnout, EU, Euro, fairly, French, persisted, Pound, proforma, repaid, steadily, UK, weak, week, withdrawal

Removed: actively, Audit, began, delay, extension, failure, integrating, led, modestly, personnel, realizing, recur, retain, sustained

From filing 10-Q 2019 Q3