L&P reports Q4 EPS $0.10, FY24 adj EPS $1.05; guides 2025 adj EPS $1.00-$1.20; names Sam Smith as segment president

LEGGETT & PLATT INC

2024-FY EPS reported -$3.73 revenue$4,383,600,000

Q4 sales $1.1B (−5% YoY); EPS $0.10, adj. EPS $0.21 (down $0.05 from Q4 2023 adj. EPS $0.26).
Full year 2024 sales $4.4B (−7% YoY); EPS ($3.73), adj. EPS $1.05 (down $0.34 from 2023 adj. EPS $1.39).
2025 guidance: sales $4.0–$4.3B, adj. EPS $1.00–$1.20 (midpoint $1.10). Expects EBIT margin 6.4%–6.8%.
Appointed R. Samuel Smith as President of Specialized Products segment, while he continues as EVP/President of Furniture, Flooring & Textile Products.
Restructuring EBIT benefit raised to $60–$70M (realized $22M in 2024); debt reduced $126M; quarterly dividend cut to $0.05.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Karl G. Glassman

acting, temporary segment manager of the Specialized Products segment

LEG · LEGGETT & PLATT INC

Effective: 2025-02-13
Successor: R. Samuel Smith, Jr.
Filed: February 13, 2025, 6:59 PM ET

On February 13, 2025, Karl G. Glassman, the Company’s President and Chief Executive Officer, ceased serving as the acting, temporary segment manager of the Company’s Specialized Products segment.

Appointed

R. Samuel Smith, Jr.

President of the Specialized Products segment

LEG · LEGGETT & PLATT INC

Effective: 2025-02-13
Filed: February 13, 2025, 6:59 PM ET

On this same date, the Company appointed R. Samuel Smith, Jr. to serve as President of the Specialized Products segment.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Karl G. Glassman changed role as acting, temporary segment manager of the Specialized Products segment at LEGGETT & PLATT INC.

Action: ceased serving as the acting, temporary segment manager
Role: acting, temporary segment manager of the Specialized Products segment

Exact text from the filing

On February 13, 2025, Karl G. Glassman, the Company’s President and Chief Executive Officer, ceased serving as the acting, temporary segment manager of the Company’s Specialized Products segment.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

R. Samuel Smith, Jr. was appointed as President of the Specialized Products segment at LEGGETT & PLATT INC.

Action: appointed
Role: President of the Specialized Products segment

Exact text from the filing

On this same date, the Company appointed R. Samuel Smith, Jr. to serve as President of the Specialized Products segment.

View on SEC.gov

LEGGETT & PLATT INC filing history →

Source: SEC EDGAR

accession 0001193125-25-026108

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.