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Leggett & Platt

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After ending the final quarter of 2014 on a soft note, Leggett commenced 2015 on a high driven by solid volume gains and high margins, and posted positive earnings surprise of 8.7%. The company’s top and bottom-line results improved year over year, following which it expects to generate record sales and EPS, along with highest EBIT margin in 2015. Also, Leggett maintains a disciplined capital allocation strategy, focused on making investments to develop its business, while using the excess cash to boost shareholder returns. However, Leggett’s significant global presence exposes it to various risks associated with operating internationally. The company also faces stiff competition from other regional players on the basis of product quality, pricing, innovation and customer service.


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