| Address:
|
NO. 1 LEGGETT ROAD
|
| City: |
CARTHAGE |
|
State: |
MO |
|
Zip Code: |
64836 |
| Telephone: |
(417) 358-8131 |
|
Description of Business
|
Primary SIC Code:
2510 |
| (As filed with the SEC)
|
|
|
Leggett & Platt, Incorporated was founded as a partnership in Carthage, Missouri
in 1883 and was incorporated in 1901. The Company, a pioneer of the steel coil
bedspring, has become an international diversified manufacturer that conceives,
designs and produces a wide range of engineered components and products found in
many homes, offices, retail stores and automobiles. As discussed below, our
operations are organized into 19 business units, which are divided into 10
groups under our four segments: Residential Furnishings; Commercial Fixturing &
Components; Industrial Materials; and Specialized Products. In addition, certain
of our former businesses are classified as discontinued operations.
Overview of Our Segments
Residential Furnishings Segment
[[Image Removed: LOGO]]
Our Residential Furnishings segment began with an 1885 patent of the steel coil
bedspring. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | 1.19 | 0.280 | 16.63 | | 06/2011 | 1.19 | 0.270 | 20.49 | | 03/2011 | 1.16 | 0.270 | 21.12 | | 12/2010 | 1.16 | 0.270 | 19.62 | | 09/2010 | 1.21 | 0.270 | 18.81 | | 06/2010 | 1.24 | 0.260 | 16.18 | | 03/2010 | 1.02 | 0.260 | 21.22 | | 12/2009 | 0.74 | 0.260 | 27.57 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | -0.28 | Total Liab/Total Assets | 0.49 | | Net Inc/Total Assets | 0.06 | Total Liab/Inv Cap | 0.60 | | Net Inc/Inv Cap | 0.07 | Total Liab/Comm Equity | -2.34 | | Pretax Inc/Net Sales | 0.08 | Interest Coverage Ratio | 7.78 | | Net Inc/Net Sales | 0.05 | Curr Debt/Equity | 0.00 | | Cash Flow/Net Sales | 0.11 | LTD/Equity | 0.51 | | SG&A/NetSales | 0.10 | Total Debt/Equity | 0.51 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 7.08 | Quick Ratio | 1.50 | | Inventory Turnover | 6.40 | Current Ratio | 2.33 | | Inventory Day Sales | 0.02 | Net Rec/Curr Assets | 0.39 | | Net Sales/Work Cap | 4.83 | Inv/Curr Assets | 0.36 | | Net Sales/PP&E | 5.18 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
940.90
|
945.20
|
895.80
|
801.90
|
|
Cost of Goods Sold
|
770.50
|
763.30
|
725.80
|
660.40
|
|
Selling & Admin Exps
|
94.10
|
93.10
|
95.80
|
86.40
|
|
Operating Income
|
71.60
|
83.90
|
69.40
|
50.10
|
|
Interest Exp
|
9.60
|
9.40
|
9.50
|
9.90
|
|
Pretax Income
|
63.40
|
72.00
|
66.20
|
41.40
|
|
Other Income
|
1.40
|
-2.50
|
6.30
|
1.20
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
44.90
|
54.70
|
45.00
|
31.40
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
218.80
|
203.30
|
195.40
|
244.50
|
|
Receivables - Total
|
576.70
|
567.90
|
575.60
|
478.90
|
|
Inventories - Total
|
456.50
|
507.10
|
462.20
|
435.30
|
|
Total Current Assets
|
1,291.30
|
1,317.90
|
1,290.40
|
1,219.10
|
|
Net Property, Plant & Equipment
|
600.90
|
618.00
|
616.10
|
649.10
|
|
Total Assets
|
3,022.30
|
3,094.70
|
3,066.90
|
3,001.00
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
493.10
|
497.40
|
508.70
|
435.90
|
|
Debt in Current Liabilities
|
2.10
|
2.20
|
2.20
|
2.20
|
|
Total Current Liabilities
|
604.00
|
577.80
|
585.70
|
523.00
|
|
Long-Term Debt
|
897.30
|
856.60
|
821.90
|
762.20
|
|
Total Liabilities
|
1,684.20
|
1,640.00
|
1,609.10
|
1,476.60
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
9.90
|
19.60
|
18.60
|
17.10
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
2.00
|
|
Common Stock
|
2.00
|
2.00
|
2.00
|
NA
|
|
Retained Earnings
|
2,058.80
|
2,053.70
|
2,038.10
|
2,033.30
|
|
Treasury Stock
|
-1,261.30
|
-1,214.50
|
-1,180.90
|
-1,093.00
|
|
Total Stockholders' Equity
|
1,328.20
|
1,435.10
|
1,439.20
|
1,507.30
|
|
Total Liabilities and Stockholders' Equity
|
3,012.40
|
3,075.10
|
3,048.30
|
2,983.90
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
101.00
|
54.20
|
46.80
|
154.10
|
|
Net Cash Provided by Investing Activities
|
-19.70
|
-2.10
|
-0.90
|
-46.00
|
|
Net Cash Provided by Financing Activities
|
-61.20
|
-47.80
|
-98.20
|
-147.00
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 5,505.40 | 300.30 | 1.61 | | 12/2007 | 4,306.40 | -11.20 | -0.06 | | 12/2008 | 4,076.10 | 104.40 | 0.73 | | 12/2009 | 3,055.10 | 111.80 | 0.74 | | 12/2010 | 3,359.10 | 176.60 | 1.16 | | Growth Rates | -11.62 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 322 | 90,464 | 65.02 |
|
Report Date :
2/6/2012
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