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Leggett & Platt ( (LEG) ) has issued an announcement.
On February 13, 2025, Leggett & Platt announced a leadership update with R. Samuel Smith, Jr. appointed as President of the Specialized Products segment, while Karl G. Glassman continues as Board Chairman and CEO. Leggett & Platt reported a mixed financial performance for 2024, with a 7% decrease in annual sales to $4.4 billion and a 5% decrease in fourth-quarter sales compared to the previous year. The company emphasized its strategic restructuring efforts, which yielded significant benefits, including a $22 million EBIT boost and a $126 million debt reduction. Despite challenges in residential, automotive, and hydraulic markets, the company remains optimistic about its strategic initiatives and is exploring potential asset sales for long-term growth.
More about Leggett & Platt
YTD Price Performance: 1.67%
Average Trading Volume: 1,800,212
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.31B
For a thorough assessment of LEG stock, go to TipRanks’ Stock Analysis page.
