Last $35.40 USD
Change Today +0.20 / 0.57%
Volume 711.7K
LEG On Other Exchanges
New York
As of 2:29 PM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

leggett & platt inc (LEG) Snapshot

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09/22/14 - $35.94
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10/24/13 - $28.00
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leggett & platt inc (LEG) Details

Leggett & Platt, Incorporated designs and produces a range of engineered components and products worldwide. The company’s Residential Furnishings segment offers innersprings and wire forms; steel mechanisms and hardware, springs, seat suspensions, steel tubular seat frames, bed frames, ornamental beds, and adjustable beds, as well as top-of-bed accessories; and structural fabrics, carpet underlay materials, and geo components. This segment primarily serves manufacturers of finished bedding products and upholstered furniture. Its Commercial Fixturing & Components segment provides shelving, counters, showcases, and garment racks; standardized shelving; and bases, columns, back rests, casters, and frames for office chairs and control devices, as well as offers finished furniture. This segment serves retail chains and specialty shops; and office, institutional, and commercial furniture manufacturers. The company’s Industrial Materials segment provides steel rods, drawn wires, steel billets, fabricated wire products, welded steel tubing, fabricated tube components, and titanium and nickel tubing products. This segment serves bedding and furniture, and mechanical spring makers; automotive seating manufacturers; aerospace suppliers and OEMs; and waste recyclers and waste removal businesses. Its Specialized Products segment offers manual and power lumbar support and massage systems; seat suspension systems; automotive control cables; low voltage motors and motion assemblies; formed metal and wire components; quilting machines; machines for shaping wire into springs; industrial sewing/finishing machines; and van interiors. This segment primarily serves automobile seating and bedding manufacturers; and telecommunication, cable, home service, and delivery companies. The company sells its products through sales representatives and distributors. Leggett & Platt, Incorporated was founded in 1883 and is based in Carthage, Missouri.

19,000 Employees
Last Reported Date: 08/5/14
Founded in 1883

leggett & platt inc (LEG) Top Compensated Officers

Chairman, Chief Executive Officer and Member ...
Total Annual Compensation: $1.0M
President, Chief Operating Officer and Manage...
Total Annual Compensation: $775.8K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $467.2K
Senior Vice President and President of Indust...
Total Annual Compensation: $335.9K
Senior Vice President and President of Specia...
Total Annual Compensation: $329.7K
Compensation as of Fiscal Year 2013.

leggett & platt inc (LEG) Key Developments

Leggett & Platt, Inc Reaffirms Earnings Guidance for the Fiscal Year 2014

Leggett & Platt Inc. reaffirmed earnings guidance for the fiscal year 2014. For the period, the company forecasting adjusted net income in a range of $1.05 to $1.20 per share, including a $0.65 per share impairment.

Leggett & Platt Reaches Tentative Settlement of Antitrust Claims

Leggett & Platt expected to record a $39.8 million (pre-tax), or approximate $0.18 per share, third quarter accrual for the settlement of the U.S. direct purchaser class portion of the polyurethane foam antitrust claims filed against the company and numerous other defendants. This claim is partially related to the former Prime Foam Products business, which was sold in the first quarter of 2007. Accordingly, approximately one-quarter of the charge is expected to be reflected in discontinued operations. Apart from this charge, the company reiterated the underlying full year EPS guidance issued in July. As previously disclosed, Leggett & Platt, along with many other companies, is a defendant in a series of civil antitrust lawsuits involving the sale of polyurethane foam. The company continues to deny all allegations in all of the cases, but has reached a tentative settlement in the U.S. direct purchaser class cases to avoid the uncertainty, expense and distraction of litigation. The company has agreed to pay a total amount of $39.8 million, including plaintiff attorneys' fees and costs. The settlement is subject to Court approval.

Leggett & Platt Announces Increased Quarterly Dividend for the Third Quarter of 2014

Leggett & Platt's Board of Directors announced that they are raising the company's quarterly dividend by one cent per share, or 3.3%, to $0.31 per share for the third quarter. The dividend will be paid on October 15, 2014 to shareholders of record on September 15, 2014.


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