secwatch.observer — SEC 8-K summary
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Issuer:     LEGGETT & PLATT INC (LEG)
CIK:        0000058492
Form:       8-K
Filed at:   2023-02-06T23:59:59+00:00
Accession:  0001193125-23-025694
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 reports Q4 EPS $0.39, down 49% YoY; guides 2023 EPS $1.50-$1.90
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- Q4 EPS $0.39, down $0.38 YoY; sales $1.2B, down 10% (12% volume decline).
- Full year 2022 EPS $2.27, down $0.67 YoY; record sales $5.15B (+1%).
- 2023 guidance: EPS $1.50-$1.90, sales $4.8-$5.2B; EBIT margin 7.5%-8.0%.
- Q4 Bedding Products sales -19% YoY; EBIT down $46M on volume drop and production cuts.
- Net debt/Adj. EBITDA 2.66x; operating cash flow $441M (+63%); annual dividend raised to $1.76.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/58492/000119312523025694/0001193125-23-025694-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/58492/000119312523025694/d460798d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-025694

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