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Leggett & Platt (LEG)
NYSE:LEG
Earnings Data
Report Date
May 05, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.23Last Year’s EPS
0.23Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 13, 2025
|% Change Since: -2.10%
|Next Earnings Date:May 05, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While the company achieved significant progress in restructuring and product innovation, it faced substantial challenges from weak demand across key segments, a significant decrease in earnings, and ongoing macroeconomic pressures. The impact of imported products further exacerbated the difficulties in the bedding market.Company Guidance
In the 2025 guidance provided during the Leggett & Platt Fourth Quarter 2024 Earnings Conference Call, the company projects sales to range between $4.0 billion and $4.3 billion, marking a potential decline of 2% to 9% from 2024. Volumes are anticipated to decrease by low to mid-single digits across their segments, with bedding products down mid-single digits, specialized products down mid-single digits, and furniture, flooring, and textiles down low single digits. The expected 2025 earnings per share range is $0.83 to $1.24, factoring in restructuring costs and potential gains from real estate sales, leading to an adjusted EPS forecast between $1.00 to $1.20. The company aims for a full-year adjusted EBIT margin between 6.4% and 6.8%, alongside operating cash flow expectations of $275 million to $325 million. The guidance reflects the challenges related to consumer demand pressures, macroeconomic factors, and restructuring activities, emphasizing a focus on operational efficiencies and strategic initiatives to bolster long-term growth.Restructuring Success
The company realized a total of $22 million EBIT benefit from restructuring in 2024, exceeding their expectation of $10 million to $15 million. They closed several facilities and completed phase one of restructuring initiatives across various segments.
Innovative Product Development
The company saw continued OEM adoption of semi-finished products in bedding, partnered with mattress OEMs for product line refreshes, and launched branded carpet cushion products with the Make-A-Wish Foundation.
Progress in Aerospace and Textiles
Aerospace business generated robust project pipeline growth, while the fabric converting business achieved modest growth in filtration, building products, and hospitality.
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LEG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LEG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 13, 2025 | $10.00 | $10.45 | +4.50% |
| Oct 28, 2024 | $12.12 | $12.60 | +3.96% |
| Aug 01, 2024 | $12.76 | $12.89 | +1.02% |
| Apr 30, 2024 | $17.84 | $13.08 | -26.68% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Leggett & Platt (LEG) report earnings?
Leggett & Platt (LEG) is schdueled to report earning on May 05, 2025, TBA Not Confirmed.
What is Leggett & Platt (LEG) earnings time?
Leggett & Platt (LEG) earnings time is at May 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LEG EPS forecast?
LEG EPS forecast for the fiscal quarter 2025 (Q1) is 0.23.
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