LEGGETT & PLATT REPORTS 3Q RESULTS [Yahoo! Finance]
Leggett & Platt, Incorporated (LEG)
Last leggett & platt, incorporated earnings: 2/3 04:20 pm
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Source: Yahoo! Finance
2024 EPS guidance is ( )–($3.71), including impact of non-cash goodwill impairment charge, restructuring charges, real estate gains, and certain other costs 2024 guidance lowered: adjusted EPS of .00–$1.10, sales of .3–$4.4 billion President and CEO Karl Glassman commented, "We continued to make solid progress on our restructuring and operating efficiency improvement initiatives, although demand headwinds were more challenging than anticipated in the third quarter. Despite weaker than expected results, we paid down $124 million of debt and adjusted EBIT margin improved by 60 basis points sequentially this quarter. "We expect weak demand in our residential end markets to persist into the fourth quarter due to a more challenging macro environment and softening in consumer spending. Additionally, our Automotive business continues to face headwinds from varying impacts of the transition to electric vehicles, consumer affordability issues, and economic softness in Europe . As a resu
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LEG
Earnings
- 10/28/24 - Miss
LEG
Sec Filings
- 11/21/24 - Form S-8
- 11/18/24 - Form 4
- 11/18/24 - Form 4
- LEG's page on the SEC website