LEG Earnings Prediction
The chart below shows how LEG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, LEG sees a +1.10% change in stock price 10 days leading up to the earnings, and a -4.76% change 10 days following the report. On the earnings day itself, the stock moves by -0.32%. This data can give you a slight idea of what to expect for the next quarter's release.
LEG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.10B
-6.27%
-2.38%
Gross Margin
17.62%
5.45%
8.50%
Operating Margin
6.75%
-11.99%
18.42%
Net Margin
4.08%
-9.33%
-107.65%
EPS
0.33
-15.38%
-107.52%
No Data Available
LEG Earnings Analysis
Leggett & Platt, Inc. Corporation (LEG.N) Earnings Conference Call
Positive
Sales Decline Analysis: Third quarter sales were $1.1 billion, down 6% versus the third quarter of 2023, due to volume declines across all three segments and raw material related selling price decreases.
EBIT Decline Analysis: Third quarter EBIT was $78 million and adjusted EBIT was $76 million, down $10 million versus Q3 2023, primarily due to unfavorable product mix and betting process, lower volume, metal margin compression and higher bad debt reserves, partially offset by lower amortization expense, operational efficiency improvements and restructuring benefit.
Adjusted EBIT Margin Improvement: Despite weaker than expected results, adjusted EBIT margin improved by 60 basis points sequentially this quarter.
Earnings Per Share Decline: Third quarter earnings per share was $0.33. On an adjusted basis, third quarter EPS was $0.32 and 11% decrease versus third quarter 2023, adjusted EPS of $0.36.
Operating Cash Flow Decline: Operating cash flow was $95 million, a decrease of $48 million versus the third quarter 2023.
Negative
Sales Decline Analysis: Third quarter sales were $1.1 billion, down 6% versus the third quarter of 2023, due to volume declines across all three segments and raw material related selling price decreases.
Bedding Products Sales Decline: Compared to third quarter 2023, sales in our Bedding Products segment decreased 8%.
Sales Decline in Q3: Third quarter sales in Specialized Products declined 6% year-over-year and sales in Furniture, Flooring & Textiles were down 4%.
EBIT Decline Analysis: Third quarter EBIT was $78 million and adjusted EBIT was $76 million, down $10 million versus Q3 2023, primarily due to unfavorable product mix and betting process, lower volume, metal margin compression and higher bad debt reserves, partially offset by lower amortization expense, operational efficiency improvements and restructuring benefit.
Earnings Per Share Decline: Third quarter earnings per share was $0.33. On an adjusted basis, third quarter EPS was $0.32 and 11% decrease versus third quarter 2023, adjusted EPS of $0.36.
LEG FAQs
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LEG Earning Call Sentiment
Leggett & Platt, Incorporated (LEG) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
LEG.N
-1.84%Positive
The earnings call reflects a mixed outlook: declining sales and EBIT, yet ongoing restructuring and debt reduction efforts. The Q&A indicates uncertainties in profitability and market conditions. Despite weak financials, guidance remains optimistic, and debt reduction is prioritized. The market cap suggests a moderate reaction. Overall, the sentiment is neutral, as positive restructuring and debt reduction are offset by sales declines and uncertainty in market conditions.
