secwatch.observer — SEC 8-K summary
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Issuer:     LEGGETT & PLATT INC (LEG)
CIK:        0000058492
Form:       8-K
Filed at:   2024-10-28T23:59:59+00:00
Accession:  0001193125-24-245611
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Leggett & Platt Q3 sales down 6% to $1.1B; lowers FY2024 adjusted EPS guidance to $1.00-$1.10
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- Q3 sales $1.1B (-6% YoY); adjusted EPS $0.32 (down from $0.36 in Q3 2023).
- FY2024 guidance lowered: sales $4.3-$4.4B, adjusted EPS $1.00-$1.10 (prior $1.10-$1.25).
- GAAP EPS guidance includes $4.61/sh goodwill impairment; Q3 restructuring charges $12M.
- Exploring potential sale of Aerospace business as part of portfolio simplification.
- Paid down $124M debt in Q3; net debt/EBITDA 3.78x; quarterly dividend cut to $0.05/sh.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/58492/000119312524245611/0001193125-24-245611-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/58492/000119312524245611/d172033d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-245611

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