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Leggett & Platt Inc.

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Leggett has been progressing well with its long-term strategy, as is evident from the fact that the company is in the third-phase of the plan. Further, Leggett remains focused on boosting its business portfolio by increasing investment in areas that provide a competitive edge. Also, its strategic initiatives and a disciplined capital allocation strategy bode well. The company envisions strong profit margins and improved results in 2017, and also remains on track to achieve its 2019 goals, backed by content gains, product introductions, stable macro environment and strategic buyouts. Estimates have been stable lately ahead of the company’s first quarter earnings release. However, the company, which has underperformed the broader industry in the last one year, remains susceptible to raw material price fluctuations. Further, the company’s significant global presence exposes it to various risks associated with operating internationally.


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