Last $42.63 USD
Change Today -2.44 / -5.41%
Volume 4.2M
LEG On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

leggett & platt inc (LEG) Snapshot

Open
$44.63
Previous Close
$45.07
Day High
$44.63
Day Low
$42.58
52 Week High
01/13/15 - $45.79
52 Week Low
02/4/14 - $28.90
Market Cap
5.9B
Average Volume 10 Days
1.5M
EPS TTM
$1.78
Shares Outstanding
137.6M
EX-Date
12/11/14
P/E TM
24.0x
Dividend
$1.24
Dividend Yield
2.86%
Current Stock Chart for LEGGETT & PLATT INC (LEG)

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leggett & platt inc (LEG) Details

Leggett & Platt, Incorporated designs and produces a range of engineered components and products worldwide. The company’s Residential Furnishings segment offers innersprings and wire forms; steel mechanisms and hardware, springs, seat suspensions, steel tubular seat frames, bed frames, ornamental beds, and adjustable beds, as well as top-of-bed accessories; and structural fabrics, carpet underlay materials, and geo components. This segment primarily serves manufacturers of finished bedding products and upholstered furniture. Its Commercial Fixturing & Components segment provides shelving, counters, showcases, and garment racks; standardized shelving; and bases, columns, back rests, casters, and frames for office chairs and control devices, as well as offers finished furniture. This segment serves retail chains and specialty shops; and office, institutional, and commercial furniture manufacturers. The company’s Industrial Materials segment provides steel rods, drawn wires, steel billets, fabricated wire products, welded steel tubing, fabricated tube components, and titanium and nickel tubing products. This segment serves bedding and furniture, and mechanical spring makers; automotive seating manufacturers; aerospace suppliers and OEMs; and waste recyclers and waste removal businesses. Its Specialized Products segment offers manual and power lumbar support and massage systems; seat suspension systems; automotive control cables; low voltage motors and motion assemblies; formed metal and wire components; quilting machines; machines for shaping wire into springs; industrial sewing/finishing machines; and van interiors. This segment primarily serves automobile seating and bedding manufacturers; and telecommunication, cable, home service, and delivery companies. The company sells its products through sales representatives and distributors. Leggett & Platt, Incorporated was founded in 1883 and is based in Carthage, Missouri.

leggett & platt inc (LEG) Top Compensated Officers

Chairman, Chief Executive Officer and Member ...
Total Annual Compensation: $1.0M
President, Chief Operating Officer and Manage...
Total Annual Compensation: $775.8K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $467.2K
Senior Vice President and President of Indust...
Total Annual Compensation: $335.9K
Senior Vice President and President of Specia...
Total Annual Compensation: $329.7K
Compensation as of Fiscal Year 2013.

leggett & platt inc (LEG) Key Developments

Leggett & Platt, Incorporated Reports Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015

Leggett & Platt, Incorporated reported earnings results for the fourth quarter and year ended December 31, 2014. Fourth quarter adjusted EPS from continuing operations were $0.41, an 8% increase compared to $0.38 in the prior year. Fourth quarter 2013 EPS was $0.04, including non-cash impairment and a discontinued operations loss. Fourth quarter 2014 sales from continuing operations grew 11% versus the prior year. Net sales from continuing operations were $953.3 million against $589.2 million a year ago. Earnings before income taxes were $59.0 million against loss before income taxes was $3.7 million a year ago. Net earnings from continuing operations were $46.2 million against $10.5 million a year ago. Net earnings were $21.6 million or $0.14 per share diluted against $6.3 million or $0.04 per share diluted a year ago. Net earnings attributable to the company were $20.6 million against $5.3 million a year ago. Net cash from operating activities was $166.2 million against $178.1 million a year ago. Additions to PP&E were $31.1 million against $20.6 million a year ago. For the year, the company reported continuing operations, adjusted per share of $1.78 against $1.50 a year ago. Earnings per share from continuing operations were $1.55 against $1.25 a year ago. EPS was $0.68 against $1.34 a year ago. Net sales from continuing operations were $3,782 million against $3,477 million a year ago. The company generated $382 million of cash from operations during 2014. Major uses of cash included $94 million to fund capital expenditures, $168 million for dividend payments, $70 million for acquisitions, and $128 million (net) to repurchase stock. Earnings before income taxes were $295.5 million against $237.6 million a year ago. Net earnings from continuing operations were $225.2 million against $186.3 million a year ago. Net earnings were $101.2 million or $0.68 per share diluted against $199.7 million or $1.34 per share diluted a year ago. Net earnings attributable to the company were $98.0 million against $197.3 million a year ago. Net cash from operating activities was $381.9 million against $416.9 million a year ago. Additions to PP&E were $94.1 million against $80.6 million a year ago. Net debt as on December 31, 2014 was $2,148.4 million against $2,278.6 million as on December 31, 2013. For the year 2015, the company expects additional sales growth, EBIT margin improvement, and record operating EPS. The company projects 2015 continuing operations sales of $3.9 to 4.1 billion, or 3% – 8% growth, and EPS of $1.90 to 2.10. Cash from operations should be approximately $350 million in 2015. Capital expenditures are expected to be roughly $120 million, and dividend payments should approximate $170 million.

Leggett & Platt, Incorporated, Q4 2014 Earnings Call, Jan 30, 2015

Leggett & Platt, Incorporated, Q4 2014 Earnings Call, Jan 30, 2015

Leggett & Platt, Incorporated to Report Q4, 2014 Results on Jan 29, 2015

Leggett & Platt, Incorporated announced that they will report Q4, 2014 results on Jan 29, 2015

 

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Industry Analysis

LEG

Industry Average

Valuation LEG Industry Range
Price/Earnings 33.6x
Price/Sales 1.6x
Price/Book 5.1x
Price/Cash Flow 57.8x
TEV/Sales 1.3x
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