Leggett swings to $14.2M profit in Q4; weak demand pressures year-end results - Furniture Today

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Leggett swings to $14.2M profit in Q4; weak demand pressures year-end results - Furniture Today

CARTHAGE, Mo. – Leggett & Platt reported a 5.3% decrease in fourth quarter sales, and a 7.2% decline in full year sales with declines across all business segments. The company reported fourth quarter sales of $1.06 billion, down 5.3% from $1.1 billion in the same period of 2023. Full year sales were $4.4 billion, a 7.2% drop from $4.7 billion for fiscal 2023. Leggett swung back to positive territory reporting net earnings of $14.2 million for th…