Last $32.95 USD
Change Today -0.07 / -0.21%
Volume 1.3M
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As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

leggett & platt inc (LEG) Key Developments

Leggett & Platt Announces Dividend for the First Quarter of 2014, Payable on April 15, 2014

Leggett & Platt's Board of Directors announced a dividend of $0.30 per share for the first quarter of 2014. The dividend will be paid on April 15, 2014 to shareholders of record on March 14, 2014. At an annual indicated dividend of $1.20 per share.

Leggett & Platt, Incorporated Presents at Raymond James 35th Annual Institutional Investors Conference, Mar-04-2014 09:15 AM

Leggett & Platt, Incorporated Presents at Raymond James 35th Annual Institutional Investors Conference, Mar-04-2014 09:15 AM. Venue: JW Marriott Grande Lakes, 4040 Central Florida Parkway, Orlando, Florida, United States. Speakers: David S. Haffner, Chairman, Chief Executive Officer and Member of Executive Committee.

Leggett & Platt Reports Earnings Results for the Fourth Quarter and Full Year of 2013; Provides Earnings Guidance for the Year 2014

Leggett & Platt reported earnings results for the fourth quarter and full year of 2013. For the quarter, the company reported net sales from continuing operations of USD 896.8 million compared to USD 850.1 million a year ago. Earnings before interest and taxes were USD 0.7 million compared to USD 75.8 million a year ago. Loss before income taxes was USD 8.2 million compared to earnings before income taxes of USD 64.4 million a year ago. Net earnings from continuing operations were USD 6.7 million compared to USD 74.1 million a year ago. Net earnings were USD 6.3 million compared to USD 74.0 million a year ago. Net earnings attributable to the company were USD 5.6 million compared to USD 73.5 million a year ago. Earnings per diluted share from continuing operations was USD 0.04 compared to USD 0.50 a year ago. Net earnings per diluted share was USD 0.04 compared to USD 0.50 a year ago. Net cash from operating activity was USD 178.1 million compared to USD 208.7 million a year ago. Additions to PP&E were USD 20.6 million compared to USD 17.5 million a year ago. Net debt was USD 596.8 million compared to USD 696.3 million a year ago. For the year, the company reported net sales from continuing operations of USD 3,746.0 million compared to USD 3,706.1 million a year ago. Earnings before interest and taxes were USD 284.8 million compared to USD 343.4 million a year ago. Earnings before income taxes were USD 247.8 million compared to USD 306.5 million a year ago. Net earnings from continuing operations were USD 192.8 million compared to USD 243.3 million a year ago. Net earnings were USD 199.7 million compared to USD 250.5 million a year ago. Net earnings attributable to the company were USD 197.3 million compared to USD 248.2 million a year ago. Earnings per diluted share from continuing operations were USD 1.29 compared to USD 1.65 a year ago. Net earnings per diluted share were USD 1.34 compared to USD 1.70 a year ago. Net cash from operating activity was USD 416.9 million compared to USD 449.7 million a year ago. Additions to PP&E were USD 80.6 million compared to USD 71.0 million a year ago. The company provided earnings guidance for the year 2014. For the year, the company expects another year of record earnings from continuing operations. The company projects 2014 sales of USD 3.85 billion to USD 4.05 billion, or 3% - 8% growth, and EPS of USD 1.65 to USD 1.85. Cash from operations should again exceed USD 350 million in 2014. Capital expenditures are expected to be roughly USD 100 million, and dividend payments should approximate USD 170 million.

Leggett & Platt Seeks Acquisitions

Leggett & Platt, Incorporated (NYSE:LEG) is looking for acquisition opportunities. David S. Haffner, Board Chairman and Chief Executive Officer, commented that as has been Leggett & Platt's practice, after funding dividends and capital expenditures, any remaining cash flow will likely be targeted toward acquisitions or stock repurchases. Potential acquisitions must meet stringent strategic and financial criteria; should no acquisitions come to fruition, the company has standing authorization from the Board of Directors to repurchase up to 10 million shares each year.

Leggett & Platt, Incorporated to Report Q4, 2013 Results on Jan 23, 2014

Leggett & Platt, Incorporated announced that they will report Q4, 2013 results on Jan 23, 2014

 

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LEG

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Valuation LEG Industry Range
Price/Earnings 25.5x
Price/Sales 1.3x
Price/Book 3.3x
Price/Cash Flow 20.5x
TEV/Sales 0.9x
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