secwatch.observer — SEC 8-K summary
======================================

Issuer:     LEGGETT & PLATT INC (LEG)
CIK:        0000058492
Form:       8-K
Filed at:   2022-08-01T23:59:59+00:00
Accession:  0001193125-22-208773
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Leggett & Platt Q2 sales record $1.33B but lowers full-year guidance; EPS $0.70
-------------------------------------------------------------------------------

- Q2 sales record $1.33B (+5% YoY); EPS $0.70 (down $0.12 YoY).
- Full-year 2022 guidance lowered: sales $5.2-5.4B (prev $5.3-5.6B), EPS $2.65-2.80 (prev $2.70-3.00).
- Bedding Products volume down 15% from demand softness; EBIT fell $31M partly from non-recurrence of prior-year gain.
- Dividend raised to $0.44/share (+2 cents YoY); repurchased 1.0M shares at avg $35.01.
- Operating cash flow $90M, up $49M YoY; total liquidity $1.3B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/58492/000119312522208773/0001193125-22-208773-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/58492/000119312522208773/d371518d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-208773

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer