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    Judy Merrick

    Research Analyst at Truist Securities

    Judy Merrick is an Equity Research Associate at Truist Securities, specializing in equity research and supporting senior analysts in sector and company-specific analysis. She has participated in covering public companies such as PGT Innovations and has appeared on multiple earnings calls with a focus on industrials and building products. Merrick has built her career at Truist Securities and holds FINRA registration under CRD# 2760940, demonstrating her compliance with industry regulations and licensure requirements. Her professional background includes substantial experience in equity research analytics, leveraging her credentials to contribute to comprehensive investment research at one of the leading U.S. brokerages.

    Judy Merrick's questions to LEGGETT & PLATT (LEG) leadership

    Judy Merrick's questions to LEGGETT & PLATT (LEG) leadership • Q3 2024

    Question

    Judy Merrick sought clarification on the pace of mattress component sales, asking if the Q4 outlook assumes flat U.S. consumption, and inquired whether the outperformance of ComfortCore products was a recent development within the quarter.

    Answer

    President Tyson Hagale clarified that the overall U.S. bedding market is expected to be down in Q4, with domestic production declining more than consumption due to import impacts. He also explained that ComfortCore's outperformance is a long-term trend driven by a secular shift from Open Coil and strong performance with certain customers, rather than a new development in Q3.

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