{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-125271","form_type":"8-K","ticker":"LEG","cik":"0000058492","company_name":"LEGGETT & PLATT INC","filed_at":"2024-04-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.665895+00:00","generated_at":"2026-06-03T04:58:35.888137+00:00","sec_items":["2.02","7.01","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Leggett & Platt 1Q sales $1.1B (-10% YoY); dividend slashed to $0.05 from $0.46","bullets":["1Q EPS $0.23, down $0.16 YoY; adjusted EPS also $0.23.","Board cuts quarterly dividend to $0.05/share from $0.46, saving cash for deleveraging.","2024 guidance unchanged: sales $4.35-4.65B, EPS $0.95-1.25; operating cash flow guidance lowered to $300-350M.","Restructuring plan on track: $40-50M annualized EBIT benefit expected by late 2025; $11M costs in 1Q.","Net debt/EBITDA leverage at 3.61x; credit covenant amended to 4.0x through June 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-125271","json":"https://secwatch.observer/filing/0001193125-24-125271.json","markdown":"https://secwatch.observer/filing/0001193125-24-125271.md","text":"https://secwatch.observer/filing/0001193125-24-125271.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/58492/000119312524125271/0001193125-24-125271-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/58492/000119312524125271/d772534d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T04:58:35.888137+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2dba9c4764b6d1feb10cca6f8f494130153a3410","claim":"LEGGETT & PLATT INC reported first quarter ending March 31, 2024 results: revenue $1.1 billion, EPS $.23. Guidance reaffirmed.","evidence_excerpt":"APRIL 30, 2024 LEGGETT & PLATT REPORTS 1Q RESULTS, ANNOUNCES 2Q DIVIDEND OF $.05 AND UPDATES CAPITAL ALLOCATION PRIORITIES Carthage, MO, April 30, 2024 --- · 1Q sales of $1.1 billion, a 10% decrease vs 1Q23 · 1Q EPS and adjusted 1 EPS of $.23, a decrease of $.16 vs 1Q23 · Board declared second quarter dividend of $.05 per share · Company updated capital","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/58492/000119312524125271/0001193125-24-125271-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ending March 31, 2024"},{"label":"Revenue","value":"$1.1 billion"},{"label":"EPS","value":"$.23"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}