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

Issuer:     LEGGETT & PLATT INC (LEG)
CIK:        0000058492
Form:       8-K
Filed at:   2023-05-01T23:59:59+00:00
Accession:  0001193125-23-130580
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Leggett & Platt Q1 sales $1.21B (-8% YoY), EPS $0.39; guidance unchanged
------------------------------------------------------------------------

- Q1 EPS $0.39 (down $0.27 vs Q1 2022); EBIT $89M (down $48M); EBIT margin 7.4%.
- Bedding Products sales -17% YoY; Specialized Products +21%; Furniture/Flooring/Textile -13%.
- FY2023 guidance reaffirmed: sales $4.8-5.2B, EPS $1.50-1.90, EBIT margin 7.5-8.0%.
- Dividend raised to $0.44/share (annual $1.76, yield 5.4%); operating cash flow $97M.
- Net debt / adj. EBITDA 2.88x; total liquidity $870M ($345M cash, $525M revolver capacity).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/58492/000119312523130580/0001193125-23-130580-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/58492/000119312523130580/d495031d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-130580

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