bfc69a133d1a1ba86f6d21a22c015daf91ed2fad1408ac68cb3e994130e69a17

Adjustments for Non-Cash Items (USD, millions)

Stock-Based Compensation (USD, millions)

Changes in Working Capital (USD, millions)

Capital Expenditures (CapEx) (USD, millions)

Proceeds from / Repayments of Debt (USD, millions)

Share Repurchases (USD, millions)

Dividend Payments (USD, millions)

Net Change in Cash (USD, millions)

9a2ae1329396f9efdc84ad56a5a912422c7ca612c12b477c9c1edf83d4859037

26e1dd023a26e813e065b495a97481460ff0611d966bbee86fbd10dc41080b3e

| Program Details          | Program 1            |
|--------------------------|----------------------|
| **Approval Date**        | August 7, 2024  **[0000058492-24-000648_leg-20240930.htm:71]**   |
| **End Date/Duration**    | No specific end date; remains in force until repealed by the Board  **[0000058492-24-000648_leg-20240930.htm:71]**  |
| **Total Additional Amount** | Up to **10 million shares** each calendar year  **[0000058492-24-000648_leg-20240930.htm:71]**  |
| **Remaining Authorization** | **10 million shares** as of Q3 2024  **[0000058492-24-000648_leg-20240930.htm:71]**  |
| **Details**              | Repurchases depend on factors like stock price, cash flow, and alternative uses for cash. Minimal repurchases expected for 2024.  **[0000058492-24-000338_leg-20240331.htm:30]** **[0000058492-24-000648_leg-20240930.htm:38]**  |

b59ecb26eb1f1609442c58a0a3d97252c0d49a7eac99eef21fb9c480410a0893

Duties on Finished Mattresses (Low, %) [0000058492-24-000174_leg-20231231.htm:53] [0000058492-24-000174_leg-20231231.htm:66]****

Duties on Finished Mattresses (High, %) [0000058492-24-000174_leg-20231231.htm:53] [0000058492-24-000174_leg-20231231.htm:66]****

Reduction in Annual Sales Due to Restructuring ($ million) [0000058492-24-000174_leg-20231231.htm:62] [0000058492-24-000174_leg-20231231.htm:20]****

Annualized EBIT Benefit from Restructuring ($ million) [0000058492-24-000338_leg-20240331.htm:47] [0000058492-24-000338_leg-20240331.htm:18] [0000058492-24-000338_leg-20240331.htm:11]****

Pretax Net Cash Proceeds from Sale of Real Estate ($ million) [0000058492-23-000030_leg-20230930.htm:22]****

Number of Facilities Consolidated (Bedding Products) [0000058492-24-000338_leg-20240331.htm:47] [0000058492-24-000338_leg-20240331.htm:18]****

Number of Facilities Consolidated (Furniture, Flooring & Textile Products) [0000058492-24-000338_leg-20240331.htm:47] [0000058492-24-000338_leg-20240331.htm:18]****

2c7de93e1cb4474742c32b2dcc9bc747919aee90e0553f7b7e1bdb6abf4b40e6

23794d91c53ae875c8e247d72561e35d9d06ee07c70c9e0dbcc977a6d161504a

1. As you are exploring the potential sale of your Aerospace business as part of your strategic review, can you elaborate on how this divestiture will impact your overall profitability and long-term growth strategy?  **[LEG_3404401_2]** 

2. With the domestic Bedding market being more negatively impacted than overall consumption due to imports, what specific strategies are you implementing to mitigate the impact of imports on your domestic production, and how do you plan to regain market share?  **[LEG_3404401_18]** **[LEG_3404401_10]** 

3. Given that Automotive volumes decreased by 9% this quarter and considering the volatility in markets like China and Europe, how are you adjusting your operations to address these challenges, and what are your expectations for the Automotive segment moving forward?  **[LEG_3404401_17]** **[LEG_3404401_1]** 

4. The unfavorable product mix in Bedding Products and metal margin compression have significantly affected your EBIT; what initiatives are you undertaking to improve your product mix and margins in the Bedding segment, and when do you expect to see the benefits of these actions?  **[LEG_3404401_3]** **[LEG_3404401_6]** 

5. Considering you have lowered your full-year sales and EPS guidance due to weaker demand trends and identified $10 million in corporate cost savings, are there additional cost-saving measures or restructuring plans, especially within your G&A functions, to align your cost structure with the current market conditions?  **[LEG_3404401_5]** **[LEG_3404401_2]** 

bf7c25949363e98e071169e7b2ae3f9f483bde131b000d7b6494075f2ddf1a96

Bedding Products

- Inter-Segment Sales

- Total Segment Sales

Specialized Products

Furniture, Flooring & Textile Products

Intersegment Eliminations and Other

Total Revenue (Total Segment Sales)

Total Revenue (Net Trade Sales)

06ff3d775b7cff8d0673c2fa6db00f809c06a16929ac659e6f30b9b177bf3f96

Leggett & Platt, Incorporated (LEG) is a diversified manufacturer that designs and produces a wide range of engineered components and products found in homes, offices, and automobiles. The company operates approximately 120 production facilities in 18 countries and is organized into three main operating segments. Leggett & Platt sells components and machinery for bedding manufacturers, engineered components for the automotive and aerospace industries, and supplies for residential and work furniture manufacturers.  **[0000058492-24-000501_leg-20240630.htm:9]** **[0000058492-24-000174_leg-20231231.htm:7]** **[0000058492-24-000648_leg-20240930.htm:23]** 

1. **Bedding Products** - Supplies components and machinery for bedding manufacturers, produces private-label finished mattresses, and adjustable bed bases. Includes specialty foam chemicals, steel rod, and drawn steel wire.  **[0000058492-24-000501_leg-20240630.htm:9]** **[0000058492-24-000174_leg-20231231.htm:7]** **[0000058492-24-000648_leg-20240930.htm:23]** 
   - **Key Products**: Steel rod and drawn wire, innersprings, specialty foam, private-label finished mattresses, adjustable beds, machinery for bedding production.  **[0000058492-24-000174_leg-20231231.htm:7]** **[0000058492-24-000648_leg-20240930.htm:23]** 

2. **Furniture, Flooring & Textile Products** - Supplies components for residential and work furniture, produces private-label finished furniture, and distributes carpet cushion, hard surface flooring underlayment, and textile components.  **[0000058492-24-000501_leg-20240630.htm:9]** **[0000058492-24-000174_leg-20231231.htm:7]** **[0000058492-24-000648_leg-20240930.htm:23]** 

3. **Specialized Products** - Provides lumbar support systems, seat suspension systems, motors and actuators, and control cables for automotive manufacturers. Produces and distributes tubing and tube assemblies for the aerospace industry and engineered hydraulic cylinders for material-handling and heavy construction industries.  **[0000058492-24-000501_leg-20240630.htm:9]** **[0000058492-24-000174_leg-20231231.htm:7]** **[0000058492-24-000648_leg-20240930.htm:23]**

610f4255704a1f412740e87454e3c58a353235f4a9c83a0fe417b81bc8314c7a

---

### **1. Q3 2024 Earnings Call**
- **Issued Period**: Q3 2024  
- **Guided Period**: FY 2024  
- **Guidance**:
  1. **Sales**: Expected to be **$4.3 billion to $4.4 billion**, representing a **7% to 9% decline** versus 2023. Revised from prior guidance of **$4.3 billion to $4.5 billion**.  **[LEG_3404401_5]** 
  2. **Volume**:
     - Overall: Down **mid-single digits**.
     - Bedding Products: Down **high single digits**.
     - Specialized Products: Down **mid-single digits** (revised from flat).
     - Furniture, Flooring & Textile Products: Down **mid-single digits** (revised from low single digits).  **[LEG_3404401_5]** 
  3. **Deflation and Currency Impact**: Expected to reduce sales by **low single digits**.  **[LEG_3404401_5]** 
  4. **Adjusted EPS**: Expected to be **$1.00 to $1.10**, revised from **$1.10 to $1.25**.  **[LEG_3404401_5]** 
  5. **Adjusted EBIT Margin**: Expected to be **6.0% to 6.4%**, revised from **6.5% to 6.9%**.  **[LEG_3404401_5]** 
  6. **Cash from Operations**: Expected to be approximately **$300 million**, revised from **$300 million to $350 million**.  **[LEG_3404401_4]** 
  7. **Restructuring-Related EBIT Benefit**: Expected to be **$10 million to $15 million** in 2024. Total annualized benefit after full implementation (late 2025): **$50 million to $60 million** (revised from **$40 million to $50 million**).  **[LEG_3404401_4]** 
  8. **Restructuring-Related Sales Attrition**: Expected to be **$15 million** in 2024 (revised from **$25 million**). Total annualized attrition after full implementation: **$80 million**.  **[LEG_3404401_4]** 
  9. **Restructuring-Related Real Estate Proceeds**: Expected to be **$20 million** in 2024 (revised from **$15 million to $25 million**). Additional **$40 million to $60 million** expected in 2025. Total proceeds: **$60 million to $80 million**.  **[LEG_3404401_4]** 
  10. **Debt Reduction**: Plans to repay **$300 million** of notes maturing in November 2024 using the commercial paper program.  **[LEG_3404401_4]** 
  11. **Leverage Ratio**: Expected to progress toward the long-term target of **2x** in Q4 2024.  **[LEG_3404401_4]** 
  12. **G&A Cost Savings**: Approximately **$10 million** expected in 2025.  **[LEG_3404401_2]** 

---

### **2. Q2 2024 Earnings Call**
- **Issued Period**: Q2 2024  
- **Guided Period**: FY 2024  
- **Guidance**:
  1. **Sales**: Expected to be **$4.3 billion to $4.5 billion**, representing a **5% to 9% decline** versus 2023. Revised from prior guidance of **$4.35 billion to $4.65 billion**.  **[LEG_3396363_6]** 
  2. **Volume**:
     - Overall: Down **low to mid-single digits**.
     - Bedding Products: Down **high single digits**.
     - Specialized Products: **Flat**.
     - Furniture, Flooring & Textile Products: Down **low single digits**.  **[LEG_3396363_6]** 
  3. **Deflation and Currency Impact**: Expected to reduce sales by **low single digits**.  **[LEG_3396363_6]** 
  4. **Adjusted EPS**: Expected to be **$1.10 to $1.25**, revised from **$1.05 to $1.35**.  **[LEG_3396363_6]** 
  5. **Adjusted EBIT Margin**: Expected to be **6.5% to 6.9%**, revised from **6.4% to 7.2%**.  **[LEG_3396363_6]** 
  6. **Cash from Operations**: Expected to be **$300 million to $350 million**.  **[LEG_3396363_5]** 
  7. **Restructuring Plan Metrics**:
     - EBIT Benefit: **$10 million to $15 million** in 2024 (revised from **$5 million to $10 million**). Total annualized benefit: **$40 million to $50 million** by late 2025.  **[LEG_3396363_6]** 
  8. **Real Estate Sales Proceeds**: Expected to generate **$15 million to $25 million** in 2024. Total proceeds: **$60 million to $80 million** by 2025.  **[LEG_3396363_6]** 
  9. **Net Debt to Adjusted EBITDA**: Expected to peak at **3.83x** in Q2 2024 and improve toward the long-term target of **2x** in the second half of the year.  **[LEG_3396363_5]** 
  10. **Debt Repayment**: Plans to repay **$300 million** of notes maturing in November 2024 using the commercial paper program.  **[LEG_3396363_5]** 

---

### **3. Q1 2024 Earnings Call**
- **Issued Period**: Q1 2024  
- **Guided Period**: FY 2024  
- **Guidance**:
  1. **Sales**: Expected to be **$4.35 billion to $4.65 billion**, down **2% to 8%** versus 2023.  **[LEG_3382016_5]** 
  2. **Volume**:
     - Overall: Down **low to mid-single digits**.
     - Bedding Products: Down **high single digits**.
     - Specialized Products: Up **low single digits**.
     - Furniture, Flooring & Textile Products: Down **low single digits**.  **[LEG_3382016_5]** 
  3. **Deflation and Currency Impact**: Expected to reduce sales by **low single digits**.  **[LEG_3382016_5]** 
  4. **Adjusted EPS**: Expected to be **$1.05 to $1.35**.  **[LEG_3382016_6]** 
  5. **Adjusted EBIT Margin**: Expected to be **6.4% to 7.2%**.  **[LEG_3382016_6]** 
  6. **Cash from Operations**: Expected to be **$300 million to $350 million**, revised from **$325 million to $375 million**.  **[LEG_3382016_5]** 
  7. **Capital Expenditures**: Expected to be **$100 million to $120 million**.  **[LEG_3382016_6]** 
  8. **Dividends**: Approximately **$135 million**, reflecting **two quarters at $0.46 per share** and **two quarters at $0.05 per share**.  **[LEG_3382016_6]** 
  9. **Debt Repayment**: Plans to repay **$300 million** of notes maturing in November 2024 using the commercial paper program.  **[LEG_3382016_5]** 
  10. **Leverage Ratio**: Expected to modestly increase in Q2 2024 before improving toward the long-term target of **2x**.  **[LEG_3382016_5]** 

---

### **4. Q4 2023 Earnings Call**
- **Issued Period**: Q4 2023  
- **Guided Period**: FY 2024  
- **Guidance**:
  1. **Sales**: Expected to be **$4.35 billion to $4.65 billion**, down **2% to 8%** versus 2023.  **[LEG_3372858_5]** 
  2. **Volume**:
     - Overall: Down **low to mid-single digits**.
     - Bedding Products: Down **high single digits**.
     - Specialized Products: Up **low single digits**.
     - Furniture, Flooring & Textile Products: Down **low single digits**.  **[LEG_3372858_5]** 
  3. **Deflation and Currency Impact**: Expected to reduce sales by **low single digits**.  **[LEG_3372858_5]** 
  4. **Adjusted EPS**: Expected to be **$1.05 to $1.35**.  **[LEG_3372858_5]** 
  5. **Adjusted EBIT Margin**: Expected to be **6.4% to 7.2%**.  **[LEG_3372858_6]** 
  6. **Cash from Operations**: Expected to be **$325 million to $375 million**, down from **$497 million** in 2023.  **[LEG_3372858_6]** **[LEG_3372858_10]** 
  7. **Capital Expenditures**: Expected to be **$100 million to $120 million**.  **[LEG_3372858_6]** 
  8. **Dividends**: Approximately **$245 million**, reflecting an annual dividend of **$1.84 per share**.  **[LEG_3372858_6]** 
  9. **Debt Repayment**: Plans to repay **$300 million** of notes maturing in November 2024 using the commercial paper program.  **[LEG_3372858_5]** 
  10. **Real Estate Sales Proceeds**: Expected to generate **$20 million to $30 million** in 2024.  **[LEG_3372858_5]** 

--- 

This table summarizes the issued and guided periods along with the exhaustive guidance metrics for each of the last four earnings calls.

29d7baa046fda806130a75f416b71f556453cd2786c02f549ddb8f4a71bb25ce

- **Margins in the Bedding Products segment are down about 200 basis points**, primarily due to unfavorable sales mix and lower volumes, impacting profitability.  **[LEG_3404401_9]**
- **Home Furniture sales and volumes have taken a notable step down sequentially**, affected by industry disruptions like retailer bankruptcies and continued softening demand.  **[LEG_3404401_14]**
- **Automotive volume is down 9%**, with uncertainties about future recovery, indicating potential ongoing challenges in this segment.  **[LEG_3404401_17]**

79f0d7733c70ca750c084afa497baec3544de1e42270bd3d91f82cc99ab1caca

- Leggett & Platt is restructuring its Bedding segment to focus on **high-demand products like Comfort Core innersprings**, investing in efficient capacity, and adjusting its footprint to better serve customers, which is expected to **drive improved operating efficiency and profitability**.  **[LEG_3372858_12]** **[LEG_3372858_8]** **[LEG_3372858_13]**
- The company's **Automotive segment is experiencing volume recovery and margin improvement**, with expectations to return to a **higher margin profile**, providing significant benefits to the company.  **[LEG_3372858_14]**
- **Strong backlogs in Aerospace and Hydraulic Cylinders** businesses are anticipated to contribute to growth, with **Aerospace backlogs at historic highs** and **Hydraulic Cylinders having strong backlog at least through the first half in the U.S.**  **[LEG_3372858_14]**

f0605559ca252cf8e78791dae590826d42633f758ae2f63ff590b55c56a785b1

- Leggett & Platt is actively improving its profitability by focusing on higher-value products in the bedding segment, moving away from low-value products, which is expected to positively impact margins.  **[LEG_3382016_11]**
- The company is committed to enhancing shareholder value by considering a combination of share repurchases and dividends as it moves closer to its leverage targets, providing flexibility in returning capital to shareholders.  **[LEG_3382016_8]**
- Leggett & Platt is exploring opportunities to diversify its steel business into other industrial markets to improve capacity utilization and offset weaknesses in the bedding market, which could enhance profitability.  **[LEG_3382016_13]**

238d1eabbf3f5f47c5784492e07f1452b215590a314eb93108def696d73ef8a7

1. **Margin Expectations**  
   **Q:** What's the outlook for margins in each segment this year?  
   **A:** In **Bedding**, margins are expected to be down about **200 basis points** due to unfavorable sales mix.  **[LEG_3404401_9]**  **Specialized Products** margins are anticipated to be down slightly.  **[LEG_3404401_9]**  **Furniture, Flooring, and Textile** margins are projected to be flat.  **[LEG_3404401_9]** 

2. **CapEx Guidance and Investments**  
   **Q:** Why is CapEx spend increasing in Q4, and what projects are planned?  
   **A:** CapEx is expected to be around **$40 million** in Q4, focused on maintenance for the rod mill, growth initiatives in Bedding, and launching new Automotive programs.  **[LEG_3404401_8]**  Investments include a product line refresh in Bedding requiring new equipment, and efficiency improvements in U.S. Spring operations.  **[LEG_3404401_8]** 

3. **Automotive Segment Challenges**  
   **Q:** How are delays in new Automotive programs affecting performance, and what is the company doing to mitigate this?  
   **A:** New program launches have been delayed due to industry factors like slow EV adoption and affordability issues, impacting top-line by about **40%** of expected growth.  **[LEG_3404401_7]**  To mitigate this, the company is resizing headcount, implementing automation, relocating programs closer to customers, focusing on raw material cost savings, and continuing routine VA/VE work to improve margins.  **[LEG_3404401_7]** 

4. **Steel Rod Business Strategy**  
   **Q:** Is the company changing pricing strategy to drive higher trade rod volumes?  
   **A:** The company is not lowering prices but is focusing on keeping the rod mill operating at full capacity by increasing trade rod sales, despite lower margins in this segment.  **[LEG_3404401_6]** **[LEG_3404401_15]**  This strategy helps maintain or lower scrap and conversion costs and retains a skilled workforce.  **[LEG_3404401_6]** 

5. **Bedding Volume Decline and Impact of Imports**  
   **Q:** How is the Bedding segment performing, considering consumption and imports?  
   **A:** Overall Bedding consumption was flat year-over-year, but domestic production was down **high single digits** due to increased imports.  **[LEG_3404401_10]** **[LEG_3404401_18]**  The U.S. market is expected to decline in Q4, with domestic production impacted more than overall consumption.  **[LEG_3404401_18]** 

6. **Debt Paydown and Interest Savings**  
   **Q:** What are the expected interest savings from debt paydown?  
   **A:** For every **$100 million** reduction in debt, the company expects to reduce expenses by about **$5 million**.  **[LEG_3404401_13]** 

7. **EBITDA Margins in Specialized Products Segment**  
   **Q:** How do the businesses in the Specialized Products segment rank in terms of EBITDA margins?  
   **A:** The ranking from highest to lowest EBITDA margins is: **Automotive**, **Aerospace**, then **Hydraulics**.  **[LEG_3404401_12]** 

8. **Home Furniture Segment Decline**  
   **Q:** What's causing the decline in the Home Furniture segment?  
   **A:** The industry is challenged due to retail bankruptcies and a soft market, leading to decreased sales and volumes.  **[LEG_3404401_14]**  There's also a comp issue due to inventory adjustments and shifts in production locations.  **[LEG_3404401_14]** 

9. **Impact of Upcoming Election on Consumer Behavior**  
   **Q:** How is the upcoming election affecting consumer behavior and sales?  
   **A:** Consumers are distracted ahead of the election, leading to softness in sales.  **[LEG_3404401_11]**  Higher advertising costs and customers watching inventories are also impacting demand.  **[LEG_3404401_11]** 

10. **ComfortCore Performance**  
    **Q:** How is the ComfortCore product performing compared to the market?  
    **A:** ComfortCore is performing slightly better than the market due to a shift from **Open Coil to ComfortCore** and favorable customer performance.  **[LEG_3404401_19]** 

777219bf443522ef5f3e474e645895c22afaf203989ed6e6e8f6dbf69ebe6f1d

- Leggett & Platt is experiencing significant **margin improvements** in their **Furniture, Flooring & Textile Products segment**, even with decreased volumes. This success is attributed to operational efficiencies and strong pricing discipline, positioning them well for future growth when volumes recover.  **[LEG_3396363_9]**
- The company is making **better-than-expected progress** on their **restructuring plan**, resulting in **early efficiency gains** and **lower-than-anticipated sales attrition**. They have completed the transition of all innerspring production ahead of schedule and anticipate further efficiencies with future demand improvements.  **[LEG_3396363_2]**
- Leggett & Platt is focusing on **debt reduction** and has improved **working capital**, notably reducing inventories and generating cash from real estate sales. This financial discipline is expected to strengthen the balance sheet and support further investments in growth opportunities.  **[LEG_3396363_22]**

310f6d86a91727ef6b15d966a1b2f8a2fbe0a520b5e01cdfa9f96832166ddf79

- **Continued weakness in the bedding industry is expected, with full-year consumption projected to be down mid-single digits, and election years typically unfavorable for the industry, which may negatively impact Leggett & Platt's performance.**  **[LEG_3396363_17]**
- **The company acknowledges operating in a tough environment, necessitating restructuring and operational improvements, indicating that previous levels of urgency and accountability may have been lacking.**  **[LEG_3396363_7]**
- **Volume weakness is significantly impacting the company's performance, with management stating that increased volume is needed but not expected in the near term.**  **[LEG_3396363_21]**

76a16fc6fe55045ea3262d6cf17043e5a38e75fabefe54dabcbdafa7c42653f6

- **Significant decline in operating cash flows**: The company expects operating cash flows to decrease from **$500 million in 2023 to $325 million to $375 million in 2024**, due to lower earnings from continued low volumes and less contribution from working capital improvements. Restructuring costs will further drag on cash flow.  **[LEG_3372858_10]**
- **Margin pressures in key segments**: There are ongoing margin pressures in the Bedding Products segment due to **pricing declines in Specialty Foam and adjustments in innerspring pricing**, resulting from commodity price deflation and global steel market dynamics. Metal margins have declined overall, impacting profitability.  **[LEG_3372858_16]**
- **Uncertainty from imported mattress activity and antidumping outcomes**: Despite being involved in antidumping cases, the company anticipates continued **imported mattress activity**, which may shift to different countries. This dynamic creates uncertainty and may continue to pressure U.S. producers, potentially affecting Leggett & Platt's bedding business.  **[LEG_3372858_15]**

0172a5c097482ae5293d3176e92be056ad855ed257ea6d9d5c45da5c6dbf2327

- **ComfortCore products are performing in line with or slightly ahead of market trends**, indicating strength in this product line and successful shift from Open Coil to ComfortCore.  **[LEG_3404401_19]**
- Leggett & Platt has made **early progress on debt reduction**, reducing total debt by **$124 million** in the quarter, leading to a **$5 million reduction in interest expense for every $100 million in debt reduced**.  **[LEG_3404401_13]**
- The company's **steel mill is incredibly efficient**, and running it at full capacity helps **maintain or lower scrap and conversion costs**, enhancing profitability.  **[LEG_3404401_15]**

20ef7ec92471265073235e7acf386ae2a8efa2661205ec6bb28473b8b27a3082

- The company is experiencing significant demand weakness in their Bedding Products segment, with **innerspring foam volume down 15%**, exceeding the estimated industry consumption decline of **high single digits**. This is driven by shifts in consumer preferences away from certain product categories and extreme price competition, resulting in a long-term drag on volume.  **[LEG_3382016_10]**
- The company's **steel mill is running below capacity**, causing a **drag on margins** due to high fixed costs. They face challenges in offsetting this underutilization as product changes have led to a permanent shift in demand, requiring diversification into other markets.  **[LEG_3382016_13]**
- The company has significantly **reduced its quarterly dividend** and indicated a shift away from a sole focus on dividends as in the past five-plus years, which may impact investor sentiment and reflects potential financial stress.  **[LEG_3382016_8]** ,  **[LEG_3382016_18]**

a88211ec3ec6eed9d3bd3e203c05523b1fcc2e62ba7bf3e2d8e792a5d8774cfe

Program Details	Program 1
Approval Date	August 7, 2024
End Date/Duration	No specific end date; remains in force until repealed by the Board
Total Additional Amount	Up to 10 million shares each calendar year
Remaining Authorization	10 million shares as of Q3 2024
Details	Repurchases depend on factors like stock price, cash flow, and alternative uses for cash. Minimal repurchases expected for 2024.

Leggett & Platt Inc (LEG)

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Business Description

Key Metrics

Questions to Ask Management

Leggett & Platt Inc (LEG)

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Business Description

Key Metrics

Questions to Ask Management

Share Repurchase Program