LEG Stock Recent News

CARTHAGE, Mo. , Feb. 13, 2025 /PRNewswire/ -- 4Q sales of $1.1 billion, a 5% decrease vs 4Q23 4Q EPS of $.10, 4Q adjusted1 EPS of $.21, a $.05 decrease vs adjusted1 4Q23 EPS 2024 sales of $4.4 billion, a 7% decrease vs 2023 2024 EPS of ($3.73), 2024 adjusted1 EPS of $1.05, a $.34 decrease vs adjusted1 2023 EPS 2025 guidance: sales of $4.0–$4.3 billion, EPS of $.83–$1.24; adjusted1 EPS of $1.00–$1.20 Sam Smith appointed President of Specialized Products segment President 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.

LEG's fourth-quarter fiscal 2024 performance is expected to have been hurt by soft demand in most of the markets served.

Get a deeper insight into the potential performance of Legget & Platt (LEG) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

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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).

Procter & Gamble and Coca-Cola, despite recent pullbacks, remain strong long-term dividend investments due to their resilient business models and consistent dividend histories. Both companies face short-term headwinds from high interest rates and shifting consumer sentiment but maintain strong fundamentals and well-covered dividends. Procter & Gamble offers a 2.44% yield, with a safe payout ratio of 73%, and Coca-Cola offers a 3.14% yield, with a safer payout ratio of 62%.

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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

CARTHAGE, Mo. , Aug. 7, 2024 /PRNewswire/ -- Leggett & Platt's Board of Directors declared a dividend of $.05 per share for the third quarter 2024.

Leggett & Platt's gross profit margin has been shrinking for the past eight years, which has offset any growth in sales during that time frame. The true earning power of LEG may have been overestimated due to acquisition costs, which are not included in net income. A more protective stance on foreign imports after the U.S. elections could benefit LEG in the mid-term.