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Leggett & Platt Inc (LEG.N)

LEG.N on New York Stock Exchange

38.28USD
19 Oct 2018
Change (% chg)

$-0.33 (-0.85%)
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Latest Key Developments (Source: Significant Developments)

Leggett & Platt Announces Quarterly Dividend Of $0.36
Wednesday, 21 Feb 2018 11:10am EST 

Feb 21 (Reuters) - Leggett & Platt Inc ::INCREASES QUARTERLY DIVIDEND BY 5.9 PERCENT TO $0.36 PER SHARE.  Full Article

Leggett & Platt Q4 Shr $0.27 From Continuing Operations
Monday, 5 Feb 2018 04:09pm EST 

Feb 5 (Reuters) - Leggett & Platt Inc ::LEGGETT & PLATT REPORTS 4Q AND FULL-YEAR 2017 RESULTS.REPORTS Q4 2017 SALES $984 MILLION.REPORTS Q4 2017 SALES UP 9 PERCENT.Q4 ADJUSTED EARNINGS PER SHARE $0.59 FROM CONTINUING OPERATIONS.Q4 EARNINGS PER SHARE $0.27 FROM CONTINUING OPERATIONS.Q4 SALES $984 MILLION.Q4 EARNINGS PER SHARE $0.27.‍Q4 AND FULL-YEAR 2017 EARNINGS INCLUDE A NET $50 MILLION, OR $.37 PER SHARE, CHARGE FOR ESTIMATED IMPACT OF RECENTLY ENACTED TCJA​.2018 EPS GUIDANCE IS $2.65-$2.85 ON SALES OF $4.2-$4.3 BILLION; 6-9% GROWTH VERSUS 2017.‍DURING 2018, COMPANY EXPECTS TO REPATRIATE APPROXIMATELY $300 MILLION OF CASH CURRENTLY HELD IN FOREIGN ACCOUNTS​.‍COMPANY EXPECTS ITS 2018 EFFECTIVE TAX RATE TO APPROXIMATE 22%​.SEES 2020 SALES OF $5 BILLION, EBIT MARGIN OF 13%, EPS OF $3.50.LEGGETT & PLATT SAYS EXPECTS TO REPURCHASE 2-3 MILLION SHARES IN 2018.‍MAY USE A PORTION OF CASH TO BE REPATRIATED TO REPAY $150 MILLION OF DEBT THAT MATURES IN JULY 2018​.‍CAPITAL EXPENDITURES SHOULD BE APPROXIMATELY $160 MILLION, AND DIVIDEND PAYMENTS SHOULD APPROXIMATE $195 MILLION FOR 2018​.FY2018 EARNINGS PER SHARE VIEW $2.79, REVENUE VIEW $4.17 BILLION -- THOMSON REUTERS I/B/E/S.Q4 EARNINGS PER SHARE VIEW $0.62, REVENUE VIEW $998.4 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Leggett & Platt enters Second Amended and Restated Credit Agreement on November 8
Thursday, 9 Nov 2017 01:39pm EST 

Nov 9 (Reuters) - Leggett & Platt Inc ::Leggett & Platt says ‍on Nov 8, co entered into Second Amended & Restated Credit Agreement among co, JPMorgan Chase Bank​, other lenders - SEC filing.Second Amended & Restated ‍credit Agreement amends and restates First Amended and Restated Credit Agreement, dated May 13, 2016​.Amendments to credit agreement include an increase to total lending commitments from $750 million to $800 million​.Amendments to credit agreement include extended maturity date from May 13, 2021 to November 8, 2022​.  Full Article

Leggett & Platt reduces full-year EPS guidance
Wednesday, 6 Sep 2017 04:08pm EDT 

Sept 6 (Reuters) - Leggett & Platt Inc :Leggett & Platt reduces full-year EPS guidance and reports divestiture of remaining CVP operation.Sees FY sales $3.9 billion to $4.0 billion.Sees FY 2017 earnings per share $2.44 to $2.54.Sees FY 2017 adjusted earnings per share $2.40 to $2.50.Leggett & Platt Inc - ‍cash from operations is expected to approximate $425 million for year​.Leggett & Platt Inc - ‍reduction in FY EPS guidance primarily reflects renewed inflation of steel costs, a related increase in estimated LIFO expense​.FY2017 earnings per share view $2.60, revenue view $3.95 billion -- Thomson Reuters I/B/E/S.Leggett & Platt Inc - ‍reduction in FY EPS guidance also reflects demand weakness in furniture and bedding retail markets​.  Full Article

Leggett & Platt announces quarterly dividend of $0.36
Thursday, 3 Aug 2017 08:53am EDT 

Aug 3 (Reuters) - Leggett & Platt Inc :Leggett & Platt announces quarterly dividend of $.36.‍Q3 dividend is $.36 per share, an increase of 5.9% versus 3Q 2016​.  Full Article

Leggett & Platt Q2 earnings per share $0.64
Thursday, 27 Jul 2017 04:09pm EDT 

July 27 (Reuters) - Leggett & Platt Inc ::Leggett & Platt reports 2Q EPS of $.64 on 3% sales growth.Q2 earnings per share view $0.65 -- Thomson Reuters I/B/E/S.Q2 earnings per share $0.64.Q2 same store sales rose 4 percent.Sees FY 2017 sales $3.9 billion to $4.0 billion.Q2 sales $989 million versus I/B/E/S view $1 billion.Reports Q2 sales $989 million.Sees FY sales up 4 to 7 percent.Reports Q2 sales up 3 percent.‍2017 sales guidance reduced 1% to $3.9-4.0 billion; EPS guidance narrowed to $2.55 to $2.65​.2017 sales guidance reduced 1% to $3.9-4.0 billion; EPS guidance narrowed to $2.55 to $2.65.For full year, company anticipates repurchasing approximately 3 million shares.Cash from operations is expected to approximate $450 million in 2017​.For full year company anticipates issuing approximately 1.5 million shares for employee benefit plans.FY2017 earnings per share view $2.64, revenue view $3.97 billion -- Thomson Reuters I/B/E/S.Capital expenditures should be roughly $160 million in 2017.  Full Article

U.S. CPSC says about 47,900 office chairs recalled by Leggett & Platt office components due to fall hazard
Wednesday, 24 May 2017 11:41am EDT 

May 24 (Reuters) - U.S. CPSC::About 47,900 in U.S. (in addition, about 1,000 in Canada) office chairs recalled by Leggett & Platt office components due to fall hazard.Recall involves office chairs with a leggett & platt office components LP01 Synchro Slider Mechanism.No incidents or injuries reported related to recall.  Full Article

Leggett & Platt increases debt under existing commercial paper program
Tuesday, 25 Apr 2017 04:20pm EDT 

April 25 (Reuters) - Leggett & Platt Inc :Leggett & Platt- increased debt under existing commercial paper program to total amount outstanding of $499 million on april 21 versus $196 million at dec 31, 2016.Leggett & Platt - total debt authorized under commercial paper program is $750 million.  Full Article

Leggett & Platt announces quarterly dividend of $0.34
Tuesday, 21 Feb 2017 11:36am EST 

Leggett & Platt Inc : Leggett & Platt announces quarterly dividend of $.34 .Q1 dividend of $.34 per share, an increase of $.02 per share or 6.3 pct versus q1 of 2016.  Full Article

State Street Corp reports a 8.51 pct passive stake in Leggett & Platt Inc as of Dec 31 - SEC filing
Tuesday, 7 Feb 2017 08:01am EST 

Leggett & Platt Inc :State Street Corporation reports a 8.51 percent passive stake in Leggett & Platt Inc as of Dec 31, 2016 - SEC filing.  Full Article

BRIEF-Leggett Increases Q2 Dividend by 5.6 Pct

* LEGGETT ANNOUNCES DIVIDEND INCREASE AND ANNUAL MEETING RESULTS