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Stock impact report

Leggett & Platt: Restructuring Progress [Seeking Alpha]

Leggett & Platt, Incorporated (LEG) 
Last leggett & platt, incorporated earnings: 2/3 04:20 pm Check Earnings Report
US:NYSE Investor Relations: leggett.com
Company Research Source: Seeking Alpha
LEG sold its aerospace business to address debt, reducing net debt to $1.04 billion, but EBITDA will decline due to the divested segment. Valuation appears reasonable at 6x EBITDA and 10x earnings, yet organic sales are still trending negative and leverage remains elevated. While LEG debt reduction is significant, sustainable improvement requires better organic growth and operational quality beyond these initial steps. RUNSTUDIO/DigitalVision via Getty Images In April, I concluded that Leggett & Platt, Incorporated LEG ) was restructuring and selling the business, as I wondered if it was enough. The company was suffering from declining competitiveness and a big debt More on my IG service If you like to see more ideas, please subscribe to the premium service "Value in Corporate Events" here and try the free trial. In this service we cover major earnings events, M&A, IPOs and other significant corporate events with actionable ideas. Furthermore, we provide coverage of situa Show less Read more
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