$LEG (Leggett & Platt, Incorporated)

$LEG {{ '2015-07-31T12:48:00+0000' | timeago}} • Announcement

$LEG 2Q15 PR: In May, Board of Directors declared a $0.31 second quarter dividend, $0.01 higher than last year's second quarter dividend. 2015 marks the 44th consecutive annual dividend increase for the company, with a compound annual growth rate of 13%. Only one other S&P 500 company can claim as high a rate of dividend growth for as many years.

$LEG {{ '2017-05-09T15:31:46+0000' | timeago}} • Announcement

$LEG's shareholders elected the 9 nominees as directors at the annual meeting held on May 9, 2017. They also ratified the selected of PricewaterhouseCoopers as independent registered public accountant for 2017, endorsed the compensation of executive officers, and recommended an advisory vote on executive compensation every year.

$LEG {{ '2017-05-09T15:28:41+0000' | timeago}} • Announcement

$LEG's BoD announced a dividend of $0.36 per share for 2Q, an increase of 5.9% versus the dividend declared in 2Q16. The dividend will be paid on July 14, 2017 to shareholders of record on June 15, 2017.

$LEG {{ '2017-04-28T18:39:13+0000' | timeago}} • Webcast

$LEG said it is optimistic about the opportunities in the Automotive sector and expects a double-digit growth in that part of the business. In terms of Bedding, the company expects that promotion and advertising to ramp up heavily this year given all the turmoil in the industry over the last three months.

$LEG {{ '2017-04-28T11:37:58+0000' | timeago}} • Announcement

For 2017, $LEG expects sales to increase 5-8% to $3.95-4.05Bil. EPS is expected to be in the range of $2.55-2.75.

$LEG {{ '2017-04-28T11:35:24+0000' | timeago}} • Announcement

Diversified manufacturer $LEG reported 4% decline in 1Q17 profits, hurt by higher raw material costs. Net income fell to $86.1MM, or $0.62 per share, compared to $89.5MM, or $0.63 per share during 1Q16. Net sales rose 2% YoY to $960MM. Excluding items, $LEG earned $0.62 per share.

$LEG {{ '2017-02-21T17:15:57+0000' | timeago}} • Announcement

$LEG's BoD declared a 1Q17 dividend of $0.34 per share, an increase of $0.02 per share or 6.3% from last year. The dividend will be paid on April 13, 2017 to shareholders of record on March 15, 2017.

$LEG {{ '2017-01-30T22:00:17+0000' | timeago}} • Infographic

$LEG Leggett & Platt Inc. Earnings AlphaGraphics: Q4 2016 Highlights

$LEG {{ '2017-01-30T21:54:14+0000' | timeago}} • Announcement

$LEG's CEO Karl Glassman said "Looking forward, we expect an approximate $250MM sales increase in 2017. The raw material deflation that impacted sales in 2016 has abated, and inflation is expected in 2017. We anticipate volume increases in our Automotive, Bedding, Adjustable Bed, Work Furniture, and Geo Components operations."

$LEG {{ '2017-01-30T21:52:02+0000' | timeago}} • Announcement

For 2017, $LEG expects sales to increase by 5-8% to $3.95-4.05Bil. EPS from continuing operations is expected to be $2.55-2.75. Cash from operations is expected to exceed $450MM and CapEx is expected to be roughly $150MM. Assuming a stable macro environment, $LEG expects revenue to be $4.75Bil and EPS to be $3.25 in 2019.

$LEG {{ '2017-01-30T21:45:08+0000' | timeago}} • Announcement

$LEG posted a slight increase in its 4Q16 profit. Net earnings increased 1.3% to $81.6MM or $0.59 per share versus 4Q15. EPS from continuing operations increased 5% to $0.60. Adjusted EPS from continuing operations dropped 17% to $0.53, hurt by the rapid inflation in steel costs in late 2016. Sales declined 4% to $903.7MM, hurt by divestitures.

$LEG {{ '2016-11-08T16:41:36+0000' | timeago}} • Announcement

$LEG's BoD declared 4Q16 dividend of $0.34 per share. The dividend is payable on Jan. 13, 2017 to shareholders of record on Dec. 15, 2016. At an annual indicated dividend of $1.36 per share, the stock's dividend yield is 3% based on Nov. 7 closing stock price of $45.72 per share.

$LEG {{ '2016-10-28T14:00:16+0000' | timeago}} • Webcast

$LEG is experiencing some softness in welded tube business. The company lost a little bit of market share, hurt by the reduction in selling price. The aerospace business was down for two quarters in a row, $LEG said.

$LEG {{ '2016-10-28T13:25:25+0000' | timeago}} • Webcast

For 2016, $LEG anticipates sales to be approx. $3.75Bil, down 4% from 2015. Prior guidance assumed sales of $3.9Bil. For 4Q16, $LEG expects EPS to be $0.53-0.60 on sales of approx. $900MM.

$LEG {{ '2016-10-28T13:04:59+0000' | timeago}} • Webcast

$LEG believes the macro environment should support modest revenue growth in the end markets over the next few years. The company added that strategic acquisitions are also expected to add to long-term growth.

$LEG {{ '2016-10-27T22:34:27+0000' | timeago}} • Announcement

Inspired by a strong 3Q16 earnings performance and lower commodity costs, $LEG raised its 2016 EPS guidance to  $2.55 to $2.62 from its prior range of $2.45-2.60. This guidance continues to assume a full-year effective tax rate of 25%, which incorporates the new accounting standard for stock-based compensation.

$LEG {{ '2016-10-27T22:32:22+0000' | timeago}} • Announcement

Diversified manufacturer $LEG reported 3Q16 EPS from Continuing Operations of $0.67, unchanged versus same quarter last year. Sales declined 6% to $949MM, largely due to divestitures.

$LEG {{ '2016-08-04T18:18:11+0000' | timeago}} • Announcement

$LEG said its BoD declared 3Q16 dividend of $0.34 per share. The dividend will be paid on Oct. 14, 2016 to shareholders of record on Sept. 15, 2016. At an annual indicated dividend of $1.36 per share, the stock's dividend yield is 2.6%, based upon Wednesday's closing stock price of $51.63 per share.

$LEG {{ '2016-07-29T18:24:56+0000' | timeago}} • Webcast

During 2Q16, $LEG repurchased 1.2MM shares at an average price of $49.39 and issued 300,000 shares to employee benefit plans and option exercises. In 2016, the company expects to repurchase 4-5MM shares and issue approx. 2MM shares primarily for employee benefit plans.

$LEG {{ '2016-07-29T18:14:55+0000' | timeago}} • Webcast

$LEG said that it completed two small divestitures late in 2Q16. Industrial Materials segment's wire products operation, with annual sales of approx. $50MM was divested in early June. Specialized Products segment's CVP operation, with annual sales of approx. $30MM was divested in late June.

$LEG {{ '2016-07-29T18:08:58+0000' | timeago}} • Webcast

$LEG said that the company settled a long-standing antitrust claim as plaintiff in 2Q16 and received cash proceeds of $38MM. Since this claim was primarily related to the Prime Foam business, which company divested in 2007, the majority of the benefit was recognized in discontinued operations.

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