---
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"
generated_at: "2026-06-03T04:58:35.888137+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Leggett & Platt 1Q sales $1.1B (-10% YoY); dividend slashed to $0.05 from $0.46

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-125271
- JSON: https://secwatch.observer/filing/0001193125-24-125271.json
- Plain text: https://secwatch.observer/filing/0001193125-24-125271.txt

## Key facts
- Earnings Releases
  LEGGETT & PLATT INC reported first quarter ending March 31, 2024 results: revenue $1.1 billion, EPS $.23. Guidance reaffirmed.
  - Period: first quarter ending March 31, 2024
  - Revenue: $1.1 billion
  - EPS: $.23
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/58492/000119312524125271/0001193125-24-125271-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.