Previous close | 0.0500 |
Open | 0.0500 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 22.50 |
Expiry date | 2024-06-21 |
Day's range | 0.0500 - 0.0800 |
Contract range | N/A |
Volume | |
Open interest | N/A |
Amidst declining revenues and earnings, LEG focuses on restructuring and strategic investments to bolster future growth.
Q1 2024 Leggett & Platt Inc Earnings Call
Shares of manufacturing company Leggett & Platt (NYSE:LEG) fell 32.4% in the morning session after the company reported first quarter results with its revenue and EPS falling below Wall Street's estimates. The company stated its underperformance stemmed from weak demand in its residential end markets. Additionally, operating cash flows were negative $6 million, down from $103 million in Q1 2023. This was primarily driven by lower accounts payable and earnings. Looking ahead, the company reconfir