secwatch.observer — SEC 8-K summary
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Issuer:     LEGGETT & PLATT INC (LEG)
CIK:        0000058492
Form:       8-K
Filed at:   2023-10-30T23:59:59+00:00
Accession:  0001193125-23-266233
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 Q3 sales fall 9%, EPS down; lowers 2023 guidance on weak residential demand
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- Q3 sales $1.18B (-9% YoY); EPS $0.39 vs $0.52; adjusted EPS $0.36 vs $0.52.
- 2023 guidance lowered: sales $4.7-4.75B (prior $4.75-4.95B), EPS $1.45-1.55 (prior $1.50-1.70), adjusted EPS $1.35-1.45.
- Bedding Products sales -17%; Specialized Products +10%; Furniture, Flooring & Textile -11%.
- Operating cash flow $144M (+$78M YoY); Net Debt/Adjusted EBITDA 3.15x.
- UAW strike minimal impact so far: $5M sales in Q4; guidance excludes further strike effects due to uncertainty.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/58492/000119312523266233/0001193125-23-266233-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/58492/000119312523266233/d578661d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-266233

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