secwatch.observer — SEC 8-K summary
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Issuer:     LEGGETT & PLATT INC (LEG)
CIK:        0000058492
Form:       8-K
Filed at:   2023-07-31T23:59:59+00:00
Accession:  0001193125-23-199187
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 $1.22B (-8% YoY); lowers FY2023 guidance
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- EPS $0.40, down $0.30 YoY; adjusted EPS $0.38, down $0.32.
- 2023 guidance lowered: sales $4.75-4.95B (prev. $4.8-5.2B); EPS $1.50-1.70 (prev. $1.50-1.90).
- Q2 cash from operations $111M, up $21M; net debt 3.1x adjusted EBITDA.
- Bedding sales -18% YoY; Specialized Products +23%; Furniture/Flooring -14%.
- Dividend raised to $0.46/share (Q2), annual indicated $1.84.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/58492/000119312523199187/0001193125-23-199187-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/58492/000119312523199187/d450225d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-199187

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