secwatch.observer — SEC 8-K summary
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Issuer:     LEGGETT & PLATT INC (LEG)
CIK:        0000058492
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001193125-24-191568
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Leggett & Platt Q2 loss of $4.39/share on $675M goodwill impairment; lowers FY2024 guidance, cuts dividend to $0.05
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- Q2 sales $1.1B (-8% YoY); GAAP EPS loss $4.39 includes $675M non-cash goodwill impairment.
- Adjusted EPS $0.29 vs $0.38 YoY; adjusted EBIT $71M, margin 6.3% vs 7.5%.
- FY2024 sales guidance lowered to $4.3–$4.5B; adjusted EPS narrowed to $1.10–$1.25 (prior $1.05–$1.35).
- Quarterly dividend slashed to $0.05/share from $0.46; debt reduced by $73M in Q2.
- Restructuring on track: $3M EBIT benefit in Q2; FY2024 benefit expected $10–$15M; real estate sales expected $15–$25M in 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/58492/000119312524191568/0001193125-24-191568-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/58492/000119312524191568/d751038d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-191568

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