Leggett & Platt: 2 High-Yield Income Options [Seeking Alpha]
Leggett & Platt, Incorporated (LEG)
Last leggett & platt, incorporated earnings: 2/3 04:20 pm
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leggett.com
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Source: Seeking Alpha
The company's net sales declined by $400 million and expenses grew in 2023, leading to a net loss. Despite the challenges, the Leggett & Platt dividend is still covered by free cash flow. Leggett & Platt, Incorporated NYSE: LEG ), a manufacturer that specializes in diversified furniture and automobile products, has seen its stock tank during the first quarter. The company posted disappointing earnings results for the fourth quarter and announced a corporate restructuring plan that led to the withdrawal of shareholder return goals. Despite the bad news, I think the company is oversold and investors can earn income by either purchasing its shares or by selling cash secured puts. Leggett & Platt saw its earnings face headwinds during 2023. The company's net sales declined by $400 million. While cost of goods sold also declined, it was not by more than revenue, which led to gross profit dropping $120 million to $853 million. This decline was driven by sales losses in the bedding gr
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LEG
News
- Legget & Platt (LEG) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release [Yahoo! Finance]Yahoo! Finance
- JR AUTOMATION ANNOUNCES NEW ADDITIONS TO THE LEADERSHIP TEAM [Yahoo! Finance]Yahoo! Finance
- Dividend King On A Tightrope: Leggett & Platt's Fight To Maintain Its Status [Seeking Alpha]Seeking Alpha
- Leggett & Platt: Dividend King Status At Stake As Tough Environment Set To Persist [Seeking Alpha]Seeking Alpha
- At US$17.30, Is Leggett & Platt, Incorporated (NYSE:LEG) Worth Looking At Closely? [Yahoo! Finance]Yahoo! Finance
LEG
Earnings
- 2/8/24 - In-Line
LEG
Analyst Actions
- 3/12/24 - TheStreet
LEG
Sec Filings
- 4/22/24 - Form 4
- 4/22/24 - Form 4
- 4/22/24 - Form 4
- LEG's page on the SEC website