Leggett & Platt, Incorporated Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 08, 2024 at 04:50 pm EST
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Leggett & Platt, Incorporated reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 1,115.1 million compared to USD 1,195.8 million a year ago. Net loss was USD 297.3 million compared to net income of USD 52.8 million a year ago. Diluted loss per share from continuing operations was USD 2.18 compared to diluted earnings per share from continuing operations of USD 0.39 a year ago.
For the full year, sales was USD 4,725.3 million compared to USD 5,146.7 million a year ago. Net loss was USD 136.8 million compared to net income of USD 309.8 million a year ago. Diluted loss per share from continuing operations was USD 1 compared to diluted earnings per share from continuing operations of USD 2.27 a year ago.
Leggett & Platt, Incorporated is a manufacturer that conceives, designs, and produces a range of engineered components and products found in many homes and automobiles. The Companyâs segments include Bedding Products, Specialized Products and Furniture, Flooring & Textile Products. Bedding Products segment supplies a variety of components and machinery used by bedding manufacturers in the production and assembly of their finished products, as well as produces private label finished mattresses for bedding brands. Specialized Products segment supplies lumbar support systems, seat suspension systems, motors and actuators, and control cables used by automotive manufacturers. It also produces and distribute tubing and tube assemblies for the aerospace industry and engineered hydraulic cylinders used in the material-handling and construction industries. Furniture, Flooring & Textile Products segment supplies a range of components for residential and work furniture manufacturers.
LEGGETT & PLATT, INCORPORATED 
