Leggett & Platt, Incorporated (NYSE:LEG) is looking for acquisitions. Benjamin Burns, Executive Vice President and Chief Financial Officer said during the First Quarter 2024 Webcast and Earnings Conference Call, "Additionally, cash generated from real estate sales will be used for debt reduction. We are targeting a long-term leverage ratio of 2x net debt to adjusted EBITDA, which we expect will allow us to maintain a solid investment-grade credit rating.

In the long term, we expect to grow our business both organically and through strategic acquisitions, while also returning cash to shareholders via a combination of dividends and share buybacks".