New Risk • 5h
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.1% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Announcement • Jul 31
Leggett & Platt Announces Quarterly Dividend, Payable on August 24, 2026 Leggett & Platt's Board of Directors declared a dividend of $0.05 per share for the third quarter of 2026. The dividend will be paid on August 24, 2026 to shareholders of record on August 10, 2026. Announcement • Jul 24
Leggett & Platt, Incorporated to Report Q2, 2026 Results on Aug 06, 2026 Leggett & Platt, Incorporated announced that they will report Q2, 2026 results Pre-Market on Aug 06, 2026 Announcement • Jul 18
Leggett & Platt, Incorporated (NYSE:LEG) agreed to acquire UAB FurnMaster and FurnMaster Sp. z o.o. from Gabriel Holding A/S (CPSE:GABR) for an enterprise value of DKK 67.3 million. Leggett & Platt, Incorporated (NYSE:LEG) agreed to acquire UAB FurnMaster and FurnMaster Sp. z o.o. from Gabriel Holding A/S (CPSE:GABR) for an enterprise value of DKK 67.3 million on July 16, 2026. The initial purchase price has been agreed at DKK 67.3 million. In addition, there is the possibility of a conditional deferred cash payment of up to DKK 7.5 million. The Group’s Mexican FurnMaster business is not included in the transaction and will continue to be offered for sale.
The transaction remains subject to customary closing conditions.
Deloitte Corporate Finance Denmark act as financial advisor and DLA Piper Denmark act as legal advisor for Gabriel Holding A/S. Thomas Enevoldsen of Moalem Weitemeyer Bendtsen Advokatpartnerselskab. So'tysi'ski Kawecki & Szl'zak, DLA Piper Denmark, and Cobalt Legal act as legal advisors for Leggett & Platt, Incorporated. New Risk • Jul 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Earnings are forecast to decline by an average of 1.0% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. Buy Or Sell Opportunity • Jul 08
Now 22% undervalued Over the last 90 days, the stock has risen 7.2% to US$10.88. The fair value is estimated to be US$13.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.7% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 1.2% per annum. Earnings are forecast to decline by 1.0% per annum over the same time period. Buy Or Sell Opportunity • Jun 22
Now 21% undervalued Over the last 90 days, the stock has risen 6.9% to US$10.84. The fair value is estimated to be US$13.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.7% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 1.2% per annum. Earnings are forecast to decline by 1.0% per annum over the same time period. Upcoming Dividend • Jun 09
Upcoming dividend of US$0.05 per share Eligible shareholders must have bought the stock before 15 June 2026. Payment date: 15 July 2026. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (5.6%). Buy Or Sell Opportunity • Jun 01
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to US$9.86. The fair value is estimated to be US$12.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.7% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 1.2% per annum. Earnings are forecast to decline by 1.0% per annum over the same time period. Declared Dividend • May 26
First quarter dividend of US$0.05 announced Dividend of US$0.05 is the same as last year. Ex-date: 15th June 2026 Payment date: 15th July 2026 Dividend yield will be 2.0%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by both earnings (12% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 11% over the next 3 years. However, it would need to fall by 86% to increase the payout ratio to a potentially unsustainable range. Announcement • May 23
Leggett & Platt, Incorporated announces Quarterly dividend, payable on July 15, 2026 Leggett & Platt, Incorporated announced Quarterly dividend of USD 0.0500 per share payable on July 15, 2026, ex-date on June 15, 2026 and record date on June 15, 2026. New Risk • May 15
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Earnings are forecast to decline by an average of 1.0% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. New Risk • May 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Large one-off items impacting financial results. Reported Earnings • May 07
First quarter 2026 earnings released: EPS: US$0.14 (vs US$0.22 in 1Q 2025) First quarter 2026 results: EPS: US$0.14 (down from US$0.22 in 1Q 2025). Revenue: US$918.2m (down 10% from 1Q 2025). Net income: US$20.0m (down 35% from 1Q 2025). Profit margin: 2.2% (down from 3.0% in 1Q 2025). Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • May 04
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to US$10.58. The fair value is estimated to be US$13.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.7% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 1.1% per annum. Earnings are also forecast to grow by 0.5% per annum over the same time period. Announcement • Apr 23
Leggett & Platt, Incorporated to Report Q1, 2026 Results on May 07, 2026 Leggett & Platt, Incorporated announced that they will report Q1, 2026 results Pre-Market on May 07, 2026 Buy Or Sell Opportunity • Apr 16
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.4% to US$11.56. The fair value is estimated to be US$14.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.7% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 1.1% per annum. Earnings are also forecast to grow by 0.5% per annum over the same time period. Board Change • Apr 13
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. Independent Director Angela Barbee was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 08
Leggett & Platt, Incorporated, Annual General Meeting, May 21, 2026 Leggett & Platt, Incorporated, Annual General Meeting, May 21, 2026. Location: register.proxypush.com/leg, United States Announcement • Feb 26
Leggett & Platt, Incorporated Declares Dividend for the First Quarter of 2026, Payable on April 15, 2026 Leggett & Platt's Board of Directors declared a dividend of $0.05 per share for the first quarter of 2026. The dividend will be paid on April 15, 2026 to shareholders of record on March 13, 2026. Announcement • Feb 12
Leggett & Platt, Incorporated Provides Earnings Guidance for the Year 2026 Leggett & Platt, Incorporated provided earnings guidance for the year 2026. For the year, the company's sales are expected to be $3.8 billion to $4.0 billion, down 1% to 6% versus 2025; Volume is expected to be flat to down low-single digits EPS is expected to be $0.92 to $1.38. Announcement • Jan 29
Leggett & Platt, Incorporated to Report Q4, 2025 Results on Feb 11, 2026 Leggett & Platt, Incorporated announced that they will report Q4, 2025 results After-Market on Feb 11, 2026 Upcoming Dividend • Dec 08
Upcoming dividend of US$0.05 per share Eligible shareholders must have bought the stock before 15 December 2025. Payment date: 15 January 2026. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (4.4%). New Risk • Dec 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. Minor Risks High level of debt (107% net debt to equity). Share price has been volatile over the past 3 months (7.5% average weekly change). Large one-off items impacting financial results. Announcement • Dec 01
Somnigroup International Inc. (NYSE:SGI) proposed to acquire Leggett & Platt, Incorporated (NYSE:LEG) for $1.6 billion. Somnigroup International Inc. (NYSE:SGI) proposed to acquire Leggett & Platt, Incorporated (NYSE:LEG) for $1.6 billion on December 1, 2025. As per the transaction, most of the Leggett & Platt’s management team and employees will be retained. As per the transaction, Leggett & Platt shareholders would receive shares of Somnigroup common stock with a market value of $12.00 for every one share of Leggett & Platt common stock, based on a fixed exchange ratio to be agreed.
The transaction is subject to approval by regulatory board / committee, approval of merger agreement by target board, approval of offer by acquirer board, approval of offer by target shareholders and consummation of due diligence investigation.
Goldman Sachs & Co. LLC acted as financial advisor for Somnigroup International Inc. Cleary Gottlieb Steen & Hamilton LLP acted as legal advisor for Somnigroup International Inc. Valuation Update With 7 Day Price Move • Nov 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$10.18, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Consumer Durables industry in the United Kingdom. Total loss to shareholders of 67% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$10.15 per share. Declared Dividend • Nov 09
Third quarter dividend of US$0.05 announced Dividend of US$0.05 is the same as last year. Ex-date: 15th December 2025 Payment date: 15th January 2026 Dividend yield will be 2.3%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by both earnings (12% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 10% over the next 3 years. However, it would need to fall by 86% to increase the payout ratio to a potentially unsustainable range. Announcement • Nov 06
Leggett & Platt, Incorporated Announces Dividend for Fourth Quarter 2025, Payable on January 15, 2026 Leggett & Platt, Incorporated announced board of Directors declared a dividend of $0.05 per share for the fourth quarter of 2025. The dividend will be paid on January 15, 2026 to shareholders of record on December 15, 2025. New Risk • Nov 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. Minor Risks High level of debt (107% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Oct 28
Third quarter 2025 earnings released: EPS: US$0.92 (vs US$0.33 in 3Q 2024) Third quarter 2025 results: EPS: US$0.92 (up from US$0.33 in 3Q 2024). Revenue: US$1.04b (down 5.9% from 3Q 2024). Net income: US$127.1m (up 183% from 3Q 2024). Profit margin: 12% (up from 4.1% in 3Q 2024). Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings. Announcement • Oct 28
Leggett & Platt, Incorporated Updates Earnings Guidance for the Year 2025 Leggett & Platt, Incorporated updated earnings guidance for the year 2025. Sales are now expected to be $4.0–$4.1 billion (versus $3.9–$4.2 billion previously), down 6% to 9% versus 2024. EPS is now expected to be $1.52–$1.72 (versus $1.43–$1.72 previously). EBIT margin is expected to be 8.4%–9.0%. Buy Or Sell Opportunity • Oct 10
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to US$8.59. The fair value is estimated to be US$10.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.9% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 1.5% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Announcement • Sep 29
Leggett & Platt, Incorporated to Report Q3, 2025 Results on Oct 27, 2025 Leggett & Platt, Incorporated announced that they will report Q3, 2025 results After-Market on Oct 27, 2025 Buy Or Sell Opportunity • Sep 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.4% to US$8.74. The fair value is estimated to be US$10.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.9% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 1.7% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Upcoming Dividend • Sep 08
Upcoming dividend of US$0.05 per share Eligible shareholders must have bought the stock before 15 September 2025. Payment date: 15 October 2025. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of British dividend payers (5.5%). Lower than average of industry peers (4.7%). Announcement • Aug 29
Leggett & Platt Updates Earnings Guidance for the Year 2025 Leggett & Platt updated earnings guidance for the year 2025. For the year, the company now expects sales to be $3.9 billion to $4.2 billion against $4.0 billion to $4.3 billion in Previous Guidance and EPS to be $1.43 - $1.72 against $0.88–$1.17 in prior guidance. Declared Dividend • Aug 10
Second quarter dividend of US$0.05 announced Dividend of US$0.05 is the same as last year. Ex-date: 15th September 2025 Payment date: 15th October 2025 Dividend yield will be 2.3%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Aug 07
Leggett & Platt, Incorporated Declares Dividend for the Third Quarter of 2025, Payable on October 15, 2025 Leggett & Platt, Incorporated declared a dividend of $0.05 per share for the third quarter of 2025. The dividend will be paid on October 15, 2025 to shareholders of record on September 15, 2025. Buy Or Sell Opportunity • Aug 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to US$8.51. The fair value is estimated to be US$10.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.9% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 1.6% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Announcement • Aug 01
Leggett & Platt Updates Earnings Guidance for the Year 2025 Leggett & Platt updated earnings guidance for the year 2025. For the year, the company expects sales to be $4.0–$4.3 billion, down 2% to 9% versus 2024 and EPS to be $0.88–$1.17 (versus prior guidance of $0.85–$1.26). Announcement • Jul 17
Leggett & Platt, Incorporated to Report Q2, 2025 Results on Jul 31, 2025 Leggett & Platt, Incorporated announced that they will report Q2, 2025 results After-Market on Jul 31, 2025 Buy Or Sell Opportunity • Jun 14
Now 21% undervalued Over the last 90 days, the stock has risen 16% to US$9.40. The fair value is estimated to be US$11.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.5% over the last 3 years. Meanwhile, the company became loss making. Upcoming Dividend • Jun 06
Upcoming dividend of US$0.05 per share Eligible shareholders must have bought the stock before 13 June 2025. Payment date: 15 July 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.2%. Lower than top quartile of British dividend payers (5.6%). Lower than average of industry peers (4.1%). Buy Or Sell Opportunity • May 21
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.1% to US$8.92. The fair value is estimated to be US$11.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.5% over the last 3 years. Meanwhile, the company became loss making. Declared Dividend • May 12
First quarter dividend of US$0.05 announced Dividend of US$0.05 is the same as last year. Ex-date: 13th June 2025 Payment date: 15th July 2025 Dividend yield will be 2.1%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (11% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • May 07
Leggett & Platt Declares Quarterly Dividend, Payable on July 15, 2025 Leggett & Platt's Board of Directors declared a dividend of $0.05 per share for the second quarter 2025. The dividend will be paid on July 15, 2025 to shareholders of record on June 13, 2025. Buy Or Sell Opportunity • May 06
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.6% to US$9.39. The fair value is estimated to be US$11.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.5% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Apr 29
First quarter 2025 earnings released: EPS: US$0.22 (vs US$0.23 in 1Q 2024) First quarter 2025 results: EPS: US$0.22 (down from US$0.23 in 1Q 2024). Revenue: US$1.02b (down 6.8% from 1Q 2024). Net income: US$30.6m (down 3.2% from 1Q 2024). Profit margin: 3.0% (in line with 1Q 2024). Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Announcement • Apr 29
Leggett & Platt, Incorporated Provides Earnings Guidance for the Year 2025 Leggett & Platt, Incorporated provided earnings guidance for the year 2025. For the period, Sales are expected to be $4.0 billion–$4.3 billion, down 2% to 9% versus 2024. Volume is now expected to be down low to high-single digits (versus prior guidance of down low to mid-single digits). EPS is expected to be $0.85–$1.26. Announcement • Apr 15
Leggett & Platt, Incorporated to Report Q1, 2025 Results on Apr 28, 2025 Leggett & Platt, Incorporated announced that they will report Q1, 2025 results After-Market on Apr 28, 2025 New Risk • Apr 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (7.5% average weekly change). Announcement • Apr 04
Funds managed by Tinicum Incorporated entered into a purchase agreement to acquire Aerospace Products Group from Leggett & Platt, Incorporated (NYSE:LEG) for approximately $290 million. Funds managed by Tinicum Incorporated entered into a purchase agreement to acquire Aerospace Products Group from Leggett & Platt, Incorporated (NYSE:LEG) for approximately $290 million on April 2, 2025. A cash consideration of $285 million will be paid by Tinicum Incorporated. In case of termination of transaction, Tinicum Incorporated will pay a termination fee of $14.25 million, and certain fees and costs as Leggett’s sole remedy. The business is comprised of seven manufacturing facilities located in the U.S., UK, and France and approximately 700 employees. For the period ending December 31, 2024, Aerospace Products Group of Leggett & Platt, Incorporated reported total revenue of $190 million. The Purchaser have secured committed financing subject to customary conditions, consisting of a combination of equity financing to be provided by investment funds affiliated with Tinicum and debt financing to be provided by a third-party lender. This divestiture is part of the ongoing strategic business review, aimed at determining which businesses are the right long-term fit for the company.
The sale of Leggett’s Aerospace Products Group was approved by Leggett’s Board of Directors. The transaction is expected to close in 2025 as soon as all closing conditions are met, including necessary regulatory approvals. The after-tax cash proceeds are expected to be approximately $240 million.
Lazard Freres & Co. LLC acted as financial advisor for Leggett & Platt, Incorporated. Paul K. Humphreys of Freshfields US LLP acted as legal advisor for Leggett & Platt, Incorporated. John LeClaire, Chris Wilson, and Lindsay Reed of Goodwin Procter LLP acted as legal advisor for Tinicum Incorporated. Announcement • Mar 03
Leggett & Platt, Incorporated, Annual General Meeting, May 07, 2025 Leggett & Platt, Incorporated, Annual General Meeting, May 07, 2025. Declared Dividend • Mar 02
Fourth quarter dividend of US$0.05 announced Shareholders will receive a dividend of US$0.05. Ex-date: 14th March 2025 Payment date: 15th April 2025 Dividend yield will be 2.2%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (12% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Feb 27
Leggett & Platt Declares Quarterly Dividend for the First Quarter 2025, Payable on April 15, 2025 Leggett & Platt's Board of Directors declared a dividend of $0.05 per share for the first quarter 2025. The dividend will be paid on April 15, 2025 to shareholders of record on March 14, 2025. New Risk • Feb 26
New minor risk - Dividend sustainability The dividend is not well covered by earnings. The company is paying a dividend despite being loss-making. Dividend yield: 2.1% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risk Paying a dividend despite being loss-making. Buy Or Sell Opportunity • Feb 26
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 26% to US$9.35. The fair value is estimated to be US$12.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.5% over the last 3 years. Meanwhile, the company became loss making. Announcement • Feb 15
Leggett & Platt, Incorporated Announces Executive Changes On February 13, 2025, Karl G. Glassman, the Leggett & Platt, Incorporated's President and Chief Executive Officer, ceased serving as the acting, temporary segment manager of the Company’s Specialized Products segment. Mr. Glassman will continue to serve as Board Chairman, and President and Chief Executive Officer of the Company. On this same date, the Company appointed R. Samuel Smith, Jr. to serve as President of the Specialized Products segment. In addition to his new responsibilities, Mr. Smith will continue to serve as Executive Vice President, President of the Furniture, Flooring and Textile Products segment. Reported Earnings • Feb 14
Full year 2024 earnings released: US$3.73 loss per share (vs US$1.00 loss in FY 2023) Full year 2024 results: US$3.73 loss per share (further deteriorated from US$1.00 loss in FY 2023). Revenue: US$4.38b (down 7.2% from FY 2023). Net loss: US$511.5m (loss widened 274% from FY 2023). Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Announcement • Feb 14
Leggett & Platt, Incorporated Provides Financial Guidance for the Full Year of 2025 Leggett & Platt, Incorporated provides financial guidance for the full year of 2025. For the period, the company expects sales to be $4.0–$4.3 billion, down 2% to 9% versus 2024. Volume is expected to be down low to mid-single digits. EPS is expected to be $0.83–$1.24. Announcement • Jan 28
Leggett & Platt, Incorporated to Report Q4, 2024 Results on Feb 13, 2025 Leggett & Platt, Incorporated announced that they will report Q4, 2024 results After-Market on Feb 13, 2025 Upcoming Dividend • Dec 06
Upcoming dividend of US$0.05 per share Eligible shareholders must have bought the stock before 13 December 2024. Payment date: 15 January 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.7%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (4.1%). Declared Dividend • Nov 11
Third quarter dividend of US$0.05 announced Shareholders will receive a dividend of US$0.05. Ex-date: 13th December 2024 Payment date: 15th January 2025 Dividend yield will be 5.1%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (11% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Nov 08
Leggett & Platt, Incorporated Declares Dividend for the Fourth Quarter 2024, Payable on January 15, 2025 Leggett & Platt's Board of Directors declared a dividend of $0.05 per share for the fourth quarter 2024. The dividend will be paid on January 15, 2025 to shareholders of record on December 13, 2024. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: US$0.33 (vs US$0.39 in 3Q 2023) Third quarter 2024 results: EPS: US$0.33 (down from US$0.39 in 3Q 2023). Revenue: US$1.10b (down 6.3% from 3Q 2023). Net income: US$44.9m (down 15% from 3Q 2023). Profit margin: 4.1% (down from 4.5% in 3Q 2023). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Announcement • Oct 15
Leggett & Platt, Incorporated to Report Q3, 2024 Results on Oct 28, 2024 Leggett & Platt, Incorporated announced that they will report Q3, 2024 results After-Market on Oct 28, 2024 Upcoming Dividend • Sep 06
Upcoming dividend of US$0.05 per share Eligible shareholders must have bought the stock before 13 September 2024. Payment date: 15 October 2024. The company is not currently making a profit and its cash payout ratio is 84%. Trailing yield: 1.7%. Lower than top quartile of British dividend payers (5.5%). Lower than average of industry peers (4.3%). Declared Dividend • Aug 12
Second quarter dividend of US$0.05 announced Shareholders will receive a dividend of US$0.05. Ex-date: 13th September 2024 Payment date: 15th October 2024 Dividend yield will be 8.1%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (9% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Aug 08
Leggett & Platt, Incorporated Declares Dividend for the Third Quarter 2024, Payable on October 15, 2024 Leggett & Platt's Board of Directors declared a dividend of $0.05 per share for the third quarter 2024. The dividend will be paid on October 15, 2024 to shareholders of record on September 13, 2024. Reported Earnings • Aug 02
Second quarter 2024 earnings released: US$4.39 loss per share (vs US$0.40 profit in 2Q 2023) Second quarter 2024 results: US$4.39 loss per share (down from US$0.40 profit in 2Q 2023). Revenue: US$1.13b (down 7.6% from 2Q 2023). Net loss: US$602.2m (down US$656.4m from profit in 2Q 2023). Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Announcement • Jul 18
Leggett & Platt, Incorporated to Report Q2, 2024 Results on Aug 01, 2024 Leggett & Platt, Incorporated announced that they will report Q2, 2024 results After-Market on Aug 01, 2024 Buy Or Sell Opportunity • Jul 02
Now 19% undervalued after recent price drop Over the last 90 days, the stock has fallen 37% to US$11.50. The fair value is estimated to be US$14.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jun 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 39% to US$11.54. The fair value is estimated to be US$14.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jun 15
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 41% to US$11.08. The fair value is estimated to be US$14.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Upcoming Dividend • Jun 07
Upcoming dividend of US$0.05 per share Eligible shareholders must have bought the stock before 14 June 2024. Payment date: 15 July 2024. The company is not currently making a profit and its cash payout ratio is 83%. Trailing yield: 1.6%. Lower than top quartile of British dividend payers (5.6%). Lower than average of industry peers (4.3%). Recent Insider Transactions • Jun 04
President recently bought US$273k worth of stock On the 31st of May, Karl Glassman bought around 24k shares on-market at roughly US$11.48 per share. This transaction amounted to 2.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Karl's only on-market trade for the last 12 months. Buy Or Sell Opportunity • May 22
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 45% to US$11.30. The fair value is estimated to be US$14.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Declared Dividend • May 06
First quarter dividend reduced to US$0.05 Dividend of US$0.05 is 89% lower than last year. Ex-date: 14th June 2024 Payment date: 15th July 2024 Dividend yield will be 10%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (84% cash payout ratio). The dividend has increased by an average of 4.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Announcement • May 01
Leggett & Platt, Incorporated Declares Dividend for the Second Quarter of 2024, Payable on July 15, 2024 The Board of Directors of Leggett & Platt, Incorporated declared a dividend of $0.05 per share for the second quarter of 2024, a decrease of $0.41 per share versus last year's second quarter dividend. Dividend will be paid on July 15, 2024 to shareholders of record on June 14, 2024. Reported Earnings • May 01
First quarter 2024 earnings released: EPS: US$0.23 (vs US$0.39 in 1Q 2023) First quarter 2024 results: EPS: US$0.23 (down from US$0.39 in 1Q 2023). Revenue: US$1.10b (down 9.6% from 1Q 2023). Net income: US$31.6m (down 41% from 1Q 2023). Profit margin: 2.9% (down from 4.4% in 1Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 5.3% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Announcement • May 01
Leggett & Platt, Incorporated Reaffirms Earnings Guidance for the Full Year 2024 Leggett & Platt, Incorporated reaffirmed earnings guidance for the full year 2024. For the period, the company sales are expected to be $4.35 billion to $4.65 billion, -2% to -8% versus 2023. EPS is expected to be $0.95 to $1.25. Announcement • Apr 17
Leggett & Platt, Incorporated to Report Q1, 2024 Results on May 01, 2024 Leggett & Platt, Incorporated announced that they will report Q1, 2024 results After-Market on May 01, 2024 Board Change • Apr 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 5 highly experienced directors. Independent Director Angela Barbee was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 29
Leggett & Platt, Incorporated, Annual General Meeting, May 08, 2024 Leggett & Platt, Incorporated, Annual General Meeting, May 08, 2024, at 10:00 Central Standard Time. Agenda: To consider and approve the election of director; to consider and approve the Pricewaterhousecoopers LLP as company's independent public accounting firm; to consider and approve the amendment of the flexible stock plan; and to consider and approve any other matters. Announcement • Feb 28
Leggett & Platt Announces Executive Changes Leggett & Platt announced that Steve Henderson, Executive Vice President and President of the Specialized Products and Furniture, Flooring & Textile Products segments, will retire effective April 1, 2024. Steve joined the Company in 2017 as President of the Automotive group and was appointed to President of the Specialized Products and Furniture, Flooring & Textile Products segments in 2020. Sam Smith will assume the role of Senior Vice President and President of the Furniture, Flooring & Textile Products segment effective April 2, 2024, while Mitch Dolloff will oversee the Specialized Products segment on an interim basis. Sam Smith joined Leggett in 2014 and has held several operational roles of increasing responsibility within Home Furniture group. In 2020, he was promoted to President of Home Furniture. Prior to joining Leggett, Sam held various leadership, sales, and engineering roles at other manufacturing and service companies. Ryan Kleiboeker was promoted to Executive Vice President and Chief Strategic Planning Officer effective February 26, 2024. Ryan joined the Company in 2005 and spent eleven years in Corporate Development, evaluating and executing acquisition and divestiture transactions and supporting strategic planning activities. In 2016, he began working with the Specialized Products and Furniture, Flooring and Textile Products segments on a variety of financial, strategic, and operational initiatives. In 2020, Ryan assumed the role of Vice President – Corporate Development and Financial Planning. In June 2023, he was promoted to Senior Vice President and Chief Strategic Planning Officer and expanded his role to oversee the Company's strategy, financial planning and analysis, mergers and acquisitions, and investor relations functions. 
