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Leggett & Platt

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Leggett posted solid fourth-quarter 2015 earnings that exceeded estimates and surged year over year, backed by greater unit volumes, efficient pricing and solid EBIT margins. Also, going forward, the company expects to generate robust sales, margin and EPS in 2016, backed by unit volume growth. Further, the company maintains disciplined capital allocation and remains focused on boosting shareholder value as evident from its regular share buybacks and dividend payment practice. However, the company’s significant global presence exposes it to various risks associated with operating internationally. Evidently, Leggett lagged sales expectations due to currency headwinds and raw-material price deflation. Stiff competition from other players also poses a threat to the company.


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