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Earnings transcript
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LEG
Leggett & Platt, Incorporated
$9.69
-0.15
(-1.52%)
| Exchange: | NYSE |
| Market Cap: | 1.317B |
| Shares Outstanding: | 109.091M |
About The Company
| Sector: | Consumer Cyclical | |||||
| Industry: | Furnishings, Fixtures & Appliances | |||||
| CEO: | Karl G. Glassman | |||||
| Full Time Employees: | 17700 | |||||
| Address: |
| |||||
| Website: | https://www.leggett.com |
Leggett & Platt, Incorporated designs, manufactures, and markets engineered components and products worldwide. It operates through three segments: Bedding Products; Specialized Products; and Furniture, Flooring & Textile Products. The company offers steel rods, drawn wires, foam chemicals and additives, innersprings, specialty foams, private label finished mattresses, mattress foundations, wire forms for mattress foundations, adjustable beds, industrial sewing and quilting machines, and mattress packaging and glue drying equipment, as well as machines to produce innersprings for industrial users of steel rods and wires, manufacturers of finished bedding, big box and e-commerce retailers, bedding brands and mattress retailers, department stores, and home improvement centers. It also provides mechanical and pneumatic lumbar support and massage systems for automotive seating; seat suspension systems, motors and actuators, and cables; titanium, nickel, and stainless-steel tubing, formed tubes, tube assemblies, and flexible joint components for fluid conveyance systems; and engineered hydraulic cylinders to automobile OEMs and Tier 1 suppliers, aerospace OEMs and suppliers, and mobile equipment OEMs. In addition, the company offers steel mechanisms and motion hardware for reclining chairs, sofas, sleeper sofas and lift chairs; springs and seat suspensions; components and private label finished goods for soft seating; and bases, columns, back rests, casters, and frames, as well as control devices for chairs. Further, it offers carpet cushion and hard surface flooring underlayment, structural fabrics, and geo components to manufacturers of upholstered and office furniture, flooring retailers and distributors, contractors, landscapers, road construction companies, retailers, government agencies, and mattress and furniture producers, as well as manufacturers of packaging, filtration, and draperies. The company was founded in 1883 and is based in Carthage, Missouri.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 4,725,300 | 4,383,600 | 4,055,100 |
| Gross Profit | 853,800 | 749,100 | 727,900 |
| EBITDA | 94,900 | -287,300 | 478,400 |
| Operating Income | 319,400 | 218,300 | 239,600 |
| Net Income | -136,800 | -511,500 | 235,400 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 4,634,500 | 3,661,600 | 3,536,400 |
| Total Liabilities | 3,300,500 | 2,971,400 | 2,513,800 |
| Total Stockholders Equity | 1,333,300 | 689,400 | 1,022,600 |
| Total Debt | 2,195,400 | 2,048,600 | 1,762,600 |
| Cash and Cash Equivalents | 365,500 | 350,200 | 587,400 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 497,200 | 305,700 | 338,200 |
| Capital Expenditure | -113,800 | -81,600 | -57,200 |
| Free Cash Flow | 383,400 | 224,100 | 281,000 |
| Net Income | -136,800 | -511,400 | 235,400 |
| Net Change in Cash | 49,000 | -15,300 | 237,200 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 4,281,982.308 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 4,306,278.026 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 4,293,500 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 306,089.560 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 307,826.294 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 306,912.881 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 212,995.003 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 214,568.025 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 213,741.001 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 429,236.346 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 431,671.808 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 430,390.907 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 1.530 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 1.540 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 1.520 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 1 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Stable Revenue Base: LEG demonstrates consistent revenue generation as reflected in historical income statements, with steady gross profit margins (per grossProfitMarginTTM) indicating a resilient business model within the Consumer Cyclical sector and Furnishings, Fixtures & Appliances industry.
- Strong Dividend Yield: The company offers a competitive dividend yield (per dividendYieldTTM), supported by consistent dividend payments (lastDiv), making it attractive to income-focused investors.
- Operational Efficiency: Positive free cash flow (freeCashFlowYieldTTM) and operating cash flow trends (from Cash Flow Statements) highlight LEG's ability to generate cash from core operations, providing financial flexibility for reinvestment or debt management.
- Established Market Presence: With a significant market cap (mktCap) and a long-standing presence in the industry (as per company profile description), LEG benefits from brand recognition and a diversified product portfolio across various geographic segments (Revenue Geo Segments).
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates LEG intrinsic value between $23.89 – $2,997.14 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about LEG valuation
Is Leggett & Platt, Incorporated (LEG) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Leggett & Platt, Incorporated (LEG) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is LEG a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether LEG trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is LEG’s P/E ratio?
You can see LEG’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for LEG?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is LEG a good long-term investment?
Whether LEG fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
LEG
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Daily snapshot
-1.52
Trading Metrics:
| Open: | 9.54 | Previous Close: | 9.84 | |
| Day Low: | 9.37 | Day High: | 9.78 | |
| Year Low: | 6.48 | Year High: | 13 | |
| Price Avg 50: | 11.19 | Price Avg 200: | 10.19 | |
| Volume: | 1.098M | Average Volume: | 2.263M |
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Login — it's freeLEG full analysis
Welcome to MARKETSNAP’s SWOT analysis for Leggett & Platt, Incorporated, a company that might not be a household name for everyone but plays a significant role in some everyday products. If you’re a long-term investor looking to diversify or dig into industrial stocks, this one’s for you. Let’s break down what makes Leggett & Platt tick, explore the latest updates, and dive into a detailed SWOT analysis to see if this stock fits your wealth-building strategy. Stick with me as…
