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Leggett and Platt (LEG) Company Profile

Updated Sep 9, 2019
Leggett and Platt has the following business profile:
Company's Full Name:Leggett and Platt
Short Name:Leggett and Platt
Trading Ticker Symbol:LEG
Primary Exchange:NYSE
Headquarter City/Country:Carthage, Missouri
Primary Industry Sector:Consumer Durables
Seconday Sub-sector:Home Furnishings
Main Business Areas: Consumer Durables, Home Furnishings, Consumer Cyclical, Home Furnishings & Fixtures
Dividend Payments:Dividend History

Market and Trading Information for Leggett and Platt

The following details were available for trading and market data about the stock of Leggett and Platt as of writing:
Current Share Price:$40.42
Previous Year's Closing Price:$35.84
Percentage Price Change (YTD):12.78%
Market Cap:$5.07 billion
52-week Price Range:$33.48 - $46.57
Dividend Per Share:$1.54
EPS (TTM):2.15
Price-Earnings (Trailing):18.8
Price-Earnings (Forward):15.25

Company Profile and Business Description for Leggett and Platt

Leggett & Platt, Incorporated, incorporated on February 23, 1901, is a diversified manufacturer that conceives, designs and produces a range of engineered components and products found in homes, offices and automobiles. The Company operates in four segments: Residential Furnishings, Commercial Products, Industrial Materials and Specialized Products. The Company's brands include ComfortCore, Mira-Coil, VertiCoil, Quantum, Nanocoil, Softech, Lura-Flex, Superlastic and Active Support Technology, which includes mattress innersprings; Semi-Flex, which includes box spring components and foundations; Spuhl, which includes mattress innerspring manufacturing machines; Wall Hugger, which includes recliner chair mechanisms; Super Sagless, which includes motion and sofa sleeper mechanisms; No-Sag, which includes wire forms used in seating; LPSense, which includes capacitive sensing; Hanes, which includes fabric materials; Schukra, Pullmaflex and Flex-O-Lator, which includes automotive seating products, and Gribetz and Porter, which includes quilting and sewing machines.

Residential Furnishings

Residential Furnishings segment manufactures steel coiled bedsprings. It supplies a range of components used by bedding and upholstered furniture manufacturers in the assembly of their finished products. Its product categories include bedding group, furniture group, and fabric and carpet cushion group. Its bedding group includes innersprings, such as sets of steel coils, wire forms for mattress foundations and machines. Its furniture group includes Steel mechanisms and hardware, which enable furniture to recline, tilt, swivel, rock and elevate for reclining chairs and sleeper sofas, and springs and seat suspensions for upholstered furniture. Its fabric and carpet cushion group includes structural fabrics for mattresses, residential furniture and industrial uses; carpet cushion made from bonded scrap foam, fiber, rubber and prime foam, and geo components, such as synthetic fabrics and various other products used in ground stabilization, drainage protection, erosion and weed control. Its customers include manufacturers of finished bedding (mattresses and foundations) and upholstered furniture; retailers and distributors of carpet cushion, and contractors, landscapers, road construction companies and government agencies using geo components.

Commercial Products

In the Company's Commercial Products segment, it designs, manufactures and distributes a range of components and finished products for the office seating and specialty retail markets. It provides adjustable beds and fashion beds, with domestic manufacturing and distribution capability, as well as relationships with global sources. The Company's work furniture group offers bases, columns, back rests, casters and frames for office chairs, and control devices that allow office chairs to tilt, swivel and elevate, select lines of private label finished furniture, and Molded plywood components. Under the consumer products group, it offers fashion beds and bed frames, and adjustable beds. Its customers include office furniture manufacturers, and mattress and furniture retailers.

Industrial Materials

As of December 31, 2016, the Company's wire group operated a steel rod mill with an annual output of approximately 500,000 tons. As of December 31, 2016, it had over three wire mills that supply wire consumed by its other domestic businesses. The Company's steel tubing business unit also supplies steel wire to external customers that operate in a range of markets. The products under wire group include drawn wire, fabricated wire products and steel rod. The Industrial Materials segment's customers include bedding producers; mechanical spring manufacturers and Wire distributors.

Specialized Products

Specialized Products segment designs, manufactures and sells products, including automotive seating components, tubing for the aerospace industry, specialized machinery and equipment, and service van interiors. Its product categories include automotive group, aerospace products group, machinery group and commercial vehicle products group. The products under automotive group are mechanical and pneumatic lumbar support and massage systems for automotive seating; seat suspension systems; Motors and actuators, and Control cables. Products under the aerospace products group include titanium, nickel and stainless steel tubing, formed tube and tube sub-assemblies. The machinery group's products include a range of quilting machines for mattress covers, and industrial sewing or finishing machines. The commercial vehicle products group's products include van interiors, such as the racks, shelving and cabinets installed in service vans. Its customers include automobile seating manufacturers and original equipment manufacturer (OEM); aerospace suppliers; bedding manufacturers, and telecommunication, cable, home service and delivery companies.

1 Leggett Rd

Peer / Competitor Companies of Home Furnishings Sector

Along with Leggett and Platt, the following other peer (competitor) companies also exist within the same Home Furnishings - Consumer Durables sector whose company profile and dividend history is as follows:

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▶ At Home (HOME): At Home Group Inc. operates home decor superstores in the United States. The company's stores offer approximately 50,000 items, such as accent furniture, mirrors, patio cushions, rugs and wall arts, a....See Detailed Company Profile  and Dividend History.

▶ Bassett Furniture (BSET): Bassett Furniture Industries, Incorporated, incorporated on November 15, 2010, is a manufacturer, importer and retailer of home furnishings. The Companys segments include Wholesale, Retail ?Ητ Company-owned stores and Logistical services. ....See Detailed Company Profile  and Dividend History.

▶ Bed Bath and Beyond (BBBY): Bed Bath & Beyond Inc., together with its subsidiaries, operates a chain of retail stores. It sells a range of domestics merchandise, including bed linens and related items, bath items, and kitchen te....See Detailed Company Profile  and Dividend History.

▶ Compass Diversified (CODI): Compass Diversified Holdings (the Trust), incorporated on November 18, 2005, and Compass Group Diversified Holdings, LLC, (the Company), acquires and manages small and middle-market businesses. The Companys segments include Acquisition ....See Detailed Company Profile  and Dividend History.

▶ Container Store (TCS): The Container Store Group, Inc., incorporated on June 29, 2007, is a specialty retailer of storage and organization products. The Companys segments include The Container Store (TCS), Elfa and Corporate/Other. ....See Detailed Company Profile  and Dividend History.

▶ CSW Industrials (CSWI): CSW Industrials, Inc. (CSWI), incorporated on November 6, 2014, is a diversified industrial growth company. The Company operates through three segments: Industrial Products; Coatings, Sealants & Adhesives, and Specialty Chemicals. ....See Detailed Company Profile  and Dividend History.

▶ Ethan Allen Interiors (ETH): Ethan Allen Interiors Inc. operates as an interior design company, and manufacturer and retailer of home furnishings in North America, Asia, the Middle East, and Europe. The company operates through t....See Detailed Company Profile  and Dividend History.

▶ Flexsteel Industries (FLXS): Flexsteel Industries, Inc., incorporated on December 27, 1929, is a manufacturer, importer, marketer and distributor of residential and commercial upholstered and wood furniture products in the United States. The Company ....See Detailed Company Profile  and Dividend History.

▶ GP Investments Acquisition (GPIA): GP Investments Acquisition Corp., incorporated on January 28, 2015, is a blank check company. The Company is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, ....See Detailed Company Profile  and Dividend History.

▶ GP Investments Acquisition (GPIAU): GP Investments Acquisition Corp., incorporated on January 28, 2015, is a blank check company. The Company is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, ....See Detailed Company Profile  and Dividend History.

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▶ HB Fuller (FUL): H.B. Fuller Company, incorporated on December 16, 1915, is a formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products. The Company operates through five segments: Americas Adhesives, ....See Detailed Company Profile  and Dividend History.

▶ Helen of Troy (HELE): Helen of Troy Limited designs, develops, imports, markets, and distributes a portfolio of consumer products worldwide. It operates in three segments: Housewares, Health & Home, and Beauty. The Housewa....See Detailed Company Profile  and Dividend History.

▶ Hooker Furniture (HOFT): Hooker Furniture Corporation, incorporated on April 16, 1996, is a home furnishings marketing, design and logistics company offering sourcing of residential casegoods and upholstery, as well as domestically-produced leather and ....See Detailed Company Profile  and Dividend History.

▶ Interface (TILE): Interface, Inc., a modular flooring company, designs, produces, and sells modular carpet products primarily in the Americas, Europe, and the Asia-Pacific. The company offers modular carpets under the ....See Detailed Company Profile  and Dividend History.

▶ Kimball International (KBAL): Kimball International, Inc., incorporated on August 24, 1939, creates design driven furnishings. The Company sells a portfolio of furniture products and services under three brands, which include Kimball Office, National ....See Detailed Company Profile  and Dividend History.

▶ La-Z-Boy (LZB): La-Z-Boy Incorporated, incorporated on May 1, 1941, manufactures, markets, imports, exports, distributes and retails upholstery furniture products. The Company also imports, distributes and retails accessories and casegoods (wood) furniture products. ....See Detailed Company Profile  and Dividend History.

▶ Mohawk Industries (MHK): Mohawk Industries, Inc., incorporated on December 22, 1988, is a flooring manufacturer that creates products for residential and commercial spaces around the world. The Company operates in three segments: Global ....See Detailed Company Profile  and Dividend History.

▶ Natuzzi SpA (NTZ): Natuzzi S.p.A. (Natuzzi) is engaged in the design, manufacture and marketing of contemporary and traditional leather and fabric upholstered furniture. The Company designs, manufactures and sells a collection of couches, ....See Detailed Company Profile  and Dividend History.

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