Market Summary
USD25.09-0.32
Market Closed-1.26%
LEG Alerts
LEG Stock Price
LEG RSI Chart
LEG Valuation
LEG Price/Sales (Trailing)
LEG Profitability
LEG Fundamentals
LEG Revenue
LEG Earnings
Price Action
52 Week Range
24.3738.55
(Low)(High)
Last 7 days
2.7%
Last 30 days
-9.6%
Last 90 days
-14.2%
Trailing 12 Months
-24.2%
LEG Financial Health
LEG Investor Care
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Net sales
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Latest Insider Trading transactions for LEG
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-22 | HENDERSON STEVEN K | acquired | 5,323 | 20.0167 | 265 | executive vice president |
2023-09-22 | KLEIBOEKER RYAN MICHAEL | acquired | 3,544 | 20.0113 | 177 | svp-chief strategic plan. off. |
2023-09-22 | Douglas Scott S | acquired | 904 | 21.029 | 43.0163 | svp-gen. counsel and secretary |
2023-09-22 | BURNS BENJAMIN MICHAEL | acquired | 7,246 | 19.9378 | 363 | executive vice president - cfo |
2023-09-22 | TRENT TAMMY M | acquired | 1,770 | 20.1602 | 87.8421 | svp - chief accounting officer |
2023-09-22 | DOLLOFF J MITCHELL | acquired | 12,862 | 19.9833 | 643 | president and ceo |
2023-09-22 | PTASINSKI CHRISTINA | acquired | 756 | 21.029 | 35.9746 | evp - chief hr officer |
2023-09-22 | MCCOY SUSAN R | acquired | 488 | 21.029 | 23.2151 | svp - investor relations |
2023-09-22 | HAGALE JAMES TYSON | acquired | 3,169 | 20.1724 | 157 | evp, pres. - bedding products |
2023-09-08 | Douglas Scott S | acquired | 904 | 22.7035 | 39.8436 | svp-gen. counsel and secretary |
Which funds bought or sold LEG recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-21 | Jefferies Group LLC | new | - | 1,115,960 | 1,115,960 | 0.01% |
2023-09-20 | BARCLAYS PLC | added | 64.14 | 1,243,000 | 3,604,000 | -% |
2023-09-12 | Farther Finance Advisors, LLC | new | - | 296 | 296 | -% |
2023-08-23 | Stonebridge Capital Advisors LLC | unchanged | - | -904 | 11,848 | -% |
2023-08-22 | US Asset Management LLC | sold off | -100 | -199,000 | - | -% |
2023-08-22 | Old North State Trust, LLC | sold off | -100 | -191,000 | - | -% |
2023-08-21 | BOKF, NA | unchanged | - | -231 | 3,021 | -% |
2023-08-21 | OSAIC HOLDINGS, INC. | reduced | -3.81 | -450,345 | 3,911,520 | 0.01% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -2.8 | -517,463 | 4,823,620 | 0.01% |
2023-08-21 | VisionPoint Advisory Group, LLC | new | - | 9,775 | 9,775 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
LEG Alerts
Schedule 13G FIlings of Leggett & Platt
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Aug 09, 2023 | state street corp | 5.36% | 7,134,615 | SC 13G/A | |
| Feb 10, 2023 | vanguard group inc | 10.00% | 13,254,349 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 9.94% | 13,174,159 | SC 13G/A | |
| Feb 09, 2023 | state street corp | 13.67% | 18,129,676 | SC 13G/A | |
| Jan 26, 2023 | blackrock inc. | 11.9% | 15,711,265 | SC 13G/A | |
| Jan 20, 2023 | blackrock inc. | 11.9% | 15,711,265 | SC 13G | |
| Feb 11, 2022 | state street corp | 8.02% | 10,702,839 | SC 13G/A | |
| Feb 09, 2022 | vanguard group inc | 9.11% | 12,144,766 | SC 13G/A | |
| Jan 10, 2022 | blackrock inc. | 10.6% | 14,169,171 | SC 13G/A | |
| Feb 11, 2021 | state street corp | 8.15% | 10,799,617 | SC 13G |
Recent SEC filings of Leggett & Platt
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 25, 2023 | 4 | Insider Trading | |
| Sep 25, 2023 | 4 | Insider Trading | |
| Sep 25, 2023 | 4 | Insider Trading | |
| Sep 25, 2023 | 4 | Insider Trading | |
| Sep 25, 2023 | 4 | Insider Trading | |
| Sep 25, 2023 | 4 | Insider Trading | |
| Sep 25, 2023 | 4 | Insider Trading | |
| Sep 25, 2023 | 4 | Insider Trading | |
| Sep 25, 2023 | 4 | Insider Trading | |
| Sep 11, 2023 | 4 | Insider Trading |
LEG Fair Value
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Peers (Alternatives to Leggett & Platt)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
DHI | 36.3B | 34.6B | -9.69% | 57.21% | 7.44 | 1.05 | 8.28% | -12.38% |
GRMN | 20.1B | 4.9B | -0.61% | 28.65% | 20.26 | 4.1 | -1.64% | -2.00% |
PHM | 16.5B | 16.9B | -8.69% | 94.15% | 5.95 | 0.97 | 13.54% | 23.01% |
| MID-CAP | ||||||||
TPX | 7.5B | 4.9B | -6.11% | 78.53% | 18.1 | 1.51 | -4.25% | -28.27% |
WHR | 7.4B | 19.1B | -3.56% | -1.70% | -4.74 | 0.38 | -10.19% | -317.37% |
MHK | 6.1B | 11.3B | -14.78% | -6.72% | -19.1 | 0.54 | -3.59% | -132.36% |
NWL | 3.7B | 8.5B | -14.73% | -35.36% | -11.91 | 0.44 | -18.72% | -142.43% |
LEG | 3.5B | 4.9B | -9.61% | -24.17% | 14.92 | 0.7 | -7.23% | -40.28% |
CVCO | 2.3B | 2.0B | -8.18% | 28.02% | 10.13 | 1.13 | 7.70% | -1.28% |
SKY | - | 2.3B | -10.92% | 19.21% | - | - | -3.20% | 4.23% |
| SMALL-CAP | ||||||||
LZB | 1.3B | 2.2B | 0.23% | 34.26% | 9.48 | 0.6 | -8.58% | -14.82% |
HOFT | 214.5M | 557.6M | -10.94% | 43.86% | -35.49 | 0.38 | -3.54% | -210.76% |
BSET | 125.4M | 416.5M | -3.81% | -8.68% | 2.05 | 0.26 | -15.78% | -90.89% |
FLXS | 107.4M | 393.7M | -6.91% | 32.95% | 7.27 | 0.27 | -27.67% | 697.52% |
Leggett & Platt News
Returns for LEG
Cumulative Returns on LEG
1.2%
10-Year Cumulative Returns
-5.2%
7-Year Cumulative Returns
-7.6%
5-Year Cumulative Returns
-12.6%
3-Year Cumulative Returns
Risks for LEG
What is the probability of a big loss on LEG?
90.8%
Probability that Leggett & Platt stock will be more than 20% underwater in next one year
34.6%
Probability that Leggett & Platt stock will be more than 30% underwater in next one year.
19.2%
Probability that Leggett & Platt stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does LEG drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Leggett & Platt was unfortunately bought at previous high price.
Drawdowns
Financials for Leggett & Platt
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | -2.2% | 4,925 | 5,038 | 5,147 | 5,284 | 5,309 | 5,244 | 5,073 | 4,922 | 4,810 | 4,386 | 4,280 | 4,243 | 4,275 | 4,643 | 4,753 | 4,654 | 4,507 | 4,396 | 4,270 | 4,207 | 4,126 |
| Gross Profit | -5.1% | 881 | 928 | 977 | 1,032 | 1,057 | 1,058 | 1,038 | 1,040 | 1,054 | 931 | 904 | 897 | 897 | 1,011 | 1,024 | 977 | 935 | 905 | 889 | 884 | 873 |
| S&GA Expenses | 3.2% | 445 | 432 | 427 | 417 | 420 | 428 | 422 | 426 | 428 | 413 | 424 | 438 | 448 | 469 | 470 | 464 | 450 | 439 | 425 | 408 | 402 |
| EBITDA | -100.0% | - | 550 | 599 | 661 | 694 | 725 | 715 | 722 | 728 | 640 | 594 | 581 | 572 | 691 | 695 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.11* | 0.12* | 0.13* | 0.13* | 0.14* | 0.14* | 0.15* | 0.15* | 0.15* | 0.14* | 0.14* | 0.13* | 0.15* | - | - | - | - | - | - | - |
| Interest Expenses | 2.3% | 89.00 | 87.00 | 86.00 | 81.00 | 80.00 | 78.00 | 77.00 | 77.00 | 79.00 | 81.00 | 83.00 | 85.00 | 87.00 | 90.00 | 91.00 | 86.00 | 76.00 | 68.00 | 61.00 | 56.00 | 53.00 |
| Earnings Before Taxes | -13.9% | 305 | 354 | 404 | 468 | 501 | 531 | 522 | 526 | 530 | 379 | 328 | 293 | 281 | 383 | 404 | 369 | 365 | 368 | 384 | 427 | 414 |
| EBT Margin | -100.0% | - | 0.07* | 0.08* | 0.09* | 0.09* | 0.10* | 0.10* | 0.11* | 0.11* | 0.08* | 0.08* | 0.07* | 0.07* | 0.09* | - | - | - | - | - | - | - |
| Net Income | -15.0% | 232 | 273 | 310 | 363 | 388 | 405 | 402 | 405 | 415 | 296 | 253 | 223 | 211 | 296 | 314 | 289 | 284 | 290 | 306 | 289 | 282 |
| Net Income Margin | -100.0% | - | 0.05* | 0.06* | 0.07* | 0.07* | 0.08* | 0.08* | 0.08* | 0.09* | 0.07* | 0.06* | 0.05* | 0.05* | 0.07* | - | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 380 | 341 | 289 | 271 | 220 | 165 | 210 | 438 | 516 | 536 | 543 | 471 | 512 | 525 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | -2.4% | 5,144 | 5,270 | 5,186 | 5,175 | 5,231 | 5,342 | 5,307 | 5,235 | 5,150 | 4,912 | 4,800 | 4,664 | 4,582 | 4,982 | 4,855 | 4,858 | 5,002 | 4,954 | 3,448 | 3,549 | 3,644 |
| Current Assets | -5.4% | 1,906 | 2,015 | 1,958 | 2,001 | 2,092 | 2,138 | 2,065 | 1,984 | 1,895 | 1,789 | 1,658 | 1,518 | 1,410 | 1,782 | 1,577 | 1,605 | 1,703 | 1,659 | 1,525 | 1,667 | 1,783 |
| Cash Equivalents | -20.9% | 272 | 345 | 317 | 226 | 270 | 327 | 362 | 235 | 232 | 334 | 349 | 245 | 209 | 506 | 248 | 242 | 290 | 263 | 268 | 364 | 446 |
| Inventory | -3.9% | 858 | 893 | 908 | 976 | 1,027 | 1,046 | 993 | 970 | 893 | 802 | 692 | 585 | 574 | 656 | 676 | 636 | 657 | 677 | 634 | 634 | 634 |
| Net PPE | 0.3% | 789 | 787 | 772 | 741 | 750 | 769 | 782 | 780 | 786 | 775 | 785 | 786 | 797 | 810 | 831 | 817 | 818 | 810 | 729 | 723 | 709 |
| Goodwill | 0.2% | 1,477 | 1,474 | 1,474 | 1,450 | 1,430 | 1,446 | 1,450 | 77.00 | 72.00 | 6.00 | 1,389 | 1,380 | 1,374 | 1,391 | 1,406 | 559 | 560 | 559 | 834 | 28.00 | 26.00 |
| Current Liabilities | -1.3% | 956 | 969 | 968 | 965 | 1,331 | 1,351 | 1,336 | 1,338 | 1,107 | 996 | 1,006 | 947 | 776 | 855 | 928 | 921 | 900 | 867 | 816 | 785 | 937 |
| Long Term Debt | -4.4% | 2,016 | 2,109 | 2,074 | 2,134 | 1,790 | 1,803 | 1,790 | 1,766 | 1,975 | 1,953 | 1,849 | 1,909 | 2,083 | 2,415 | 2,067 | 2,197 | 2,364 | 2,410 | 1,168 | 1,353 | 1,298 |
| Shareholder's Equity | 0.1% | 1,668 | 1,667 | 1,641 | 1,562 | 1,615 | 1,671 | 1,649 | 1,578 | 1,536 | 1,456 | 1,425 | 1,330 | 1,242 | 1,266 | 1,342 | 1,256 | 1,239 | 1,195 | 1,207 | 1,166 | 1,129 |
| Retained Earnings | -0.3% | 3,031 | 3,040 | 3,046 | 3,053 | 3,041 | 3,006 | 2,973 | 2,925 | 2,885 | 2,830 | 2,797 | 2,714 | 2,663 | 2,724 | 2,764 | 2,702 | 2,656 | 2,624 | 49.00 | 2,612 | 2,573 |
| Additional Paid-In Capital | 0.8% | 570 | 566 | 569 | 565 | 561 | 556 | 558 | 553 | 547 | 540 | 543 | 539 | 538 | 534 | 536 | 531 | 530 | 525 | 527 | 522 | 520 |
| Accumulated Depreciation | 1.3% | 1,542 | 1,522 | 1,496 | 1,471 | 1,476 | 1,482 | 1,470 | 1,452 | 1,457 | 1,414 | 1,396 | 1,367 | 1,329 | 1,298 | 1,321 | 1,293 | 1,290 | 1,266 | 1,252 | 1,248 | 1,230 |
| Shares Outstanding | 0.2% | 136 | 136 | - | 136 | 136 | 137 | - | 136 | 136 | 136 | - | 136 | 136 | 135 | - | 135 | 135 | 134 | - | 134 | 134 |
| Minority Interest | 0% | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 2.00 | 2.00 | 1.00 | 1.00 | 1.00 | 0.00 | 0.00 | 1.00 | 0.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 4.2% | 520 | 499 | 441 | 385 | 370 | 321 | 271 | 299 | 510 | 582 | 603 | 635 | 587 | 647 | 668 | 606 | 519 | 428 | 440 | 433 | 412 |
| Share Based Compensation | -3.7% | 26.00 | 27.00 | 30.00 | 31.00 | 35.00 | 35.00 | 34.00 | 37.00 | 37.00 | 34.00 | 29.00 | 30.00 | 29.00 | 33.00 | 33.00 | 33.00 | 33.00 | 35.00 | 36.00 | 35.00 | 36.00 |
| Cashflow From Investing | -2.2% | -205 | -201 | -181 | -162 | -95.30 | -192 | -226 | -199 | -183 | -81.60 | -49.00 | -107 | -132 | -158 | -1,418 | -1,387 | -1,425 | -1,428 | -277 | -249 | -213 |
| Cashflow From Financing | -14.7% | -303 | -264 | -286 | -206 | -218 | -139 | -32.80 | -121 | -325 | -691 | -461 | -528 | -522 | -226 | 731 | 670 | 760 | 799 | -396 | -147 | -91.70 |
| Dividend Payments | 1.1% | 234 | 232 | 229 | 227 | 224 | 221 | 218 | 215 | 212 | 212 | 212 | 211 | 211 | 208 | 205 | 202 | 198 | 196 | 194 | 192 | 190 |
| Buy Backs | -80.2% | 9.00 | 44.00 | 60.00 | 60.00 | 57.00 | 23.00 | 10.00 | 10.00 | 12.00 | 11.00 | 11.00 | 15.00 | 16.00 | 16.00 | 16.00 | 12.00 | 14.00 | 66.00 | 112 | 113 | 150 |
LEG Income Statement
2023-06-30CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Income Statement [Abstract] | ||||
| Net trade sales | $ 1,221.2 | $ 1,334.2 | $ 2,434.8 | $ 2,656.5 |
| Cost of goods sold | 1,000.1 | 1,065.8 | 1,995.1 | 2,120.8 |
| Gross profit | 221.1 | 268.4 | 439.7 | 535.7 |
| Selling and administrative expenses | 119.2 | 105.4 | 235.2 | 217.1 |
| Amortization of intangibles | 16.8 | 16.4 | 33.7 | 33.4 |
| Other (income) expense, net | (10.6) | 3.6 | (14.2) | 4.6 |
| Earnings before interest and income taxes | 95.7 | 143.0 | 185.0 | 280.6 |
| Interest expense | 23.1 | 21.1 | 45.2 | 41.8 |
| Interest income | 1.1 | 1.1 | 2.2 | 2.3 |
| Earnings before income taxes | 73.7 | 123.0 | 142.0 | 241.1 |
| Income taxes | 19.5 | 27.8 | 34.3 | 55.5 |
| Net earnings | 54.2 | 95.2 | 107.7 | 185.6 |
| (Earnings) attributable to noncontrolling interest, net of tax | 0.0 | 0.0 | 0.0 | 0.0 |
| Net earnings attributable to Leggett & Platt, Inc. common shareholders | $ 54.2 | $ 95.2 | $ 107.7 | $ 185.6 |
| Net earnings per share attributable to Leggett & Platt, Inc. common shareholders | ||||
| Basic (in usd per share) | $ 0.40 | $ 0.70 | $ 0.79 | $ 1.36 |
| Diluted (in usd per share) | $ 0.40 | $ 0.70 | $ 0.79 | $ 1.36 |
| Weighted average shares outstanding | ||||
| Basic (in shares) | 136.2 | 136.3 | 136.1 | 136.4 |
| Diluted (in shares) | 136.6 | 136.7 | 136.4 | 136.8 |
LEG Balance Sheet
2023-06-30CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| CURRENT ASSETS | ||
| Cash and cash equivalents | $ 272.4 | $ 316.5 |
| Trade receivables, net | 635.9 | 609.0 |
| Other receivables, net | 66.8 | 66.0 |
| Inventories | 857.8 | 907.5 |
| Prepaid expenses and other current assets | 72.9 | 59.0 |
| Total current assets | 1,905.8 | 1,958.0 |
| PROPERTY, PLANT AND EQUIPMENT—AT COST | ||
| Machinery and equipment | 1,469.5 | 1,434.0 |
| Buildings and other | 817.2 | 791.0 |
| Land | 44.2 | 43.5 |
| Total property, plant and equipment | 2,330.9 | 2,268.5 |
| Less accumulated depreciation | 1,541.7 | 1,496.1 |
| Net property, plant and equipment | 789.2 | 772.4 |
| OTHER ASSETS | ||
| Goodwill | 1,477.1 | 1,474.4 |
| Other intangibles, less accumulated amortization of $384.7 and $356.4 as of June 30, 2023 and December 31, 2022, respectively | 644.7 | 675.4 |
| Operating lease right-of-use assets | 212.0 | 195.0 |
| Sundry | 115.5 | 110.9 |
| Total other assets | 2,449.3 | 2,455.7 |
| TOTAL ASSETS | 5,144.3 | 5,186.1 |
| CURRENT LIABILITIES | ||
| Short-term debt and current maturities of long-term debt | 8.2 | 9.4 |
| Current portion of operating lease liabilities | 56.3 | 49.5 |
| Accounts payable | 507.4 | 518.4 |
| Accrued expenses | 266.0 | 261.7 |
| Other current liabilities | 117.7 | 129.1 |
| Total current liabilities | 955.6 | 968.1 |
| LONG-TERM LIABILITIES | ||
| Long-term debt | 2,016.4 | 2,074.2 |
| Operating lease liabilities | 167.2 | 153.6 |
| Other long-term liabilities | 122.3 | 126.1 |
| Deferred income taxes | 214.2 | 222.7 |
| Total long-term liabilities | 2,520.1 | 2,576.6 |
| COMMITMENTS AND CONTINGENCIES | ||
| EQUITY | ||
| Common stock | 2.0 | 2.0 |
| Additional contributed capital | 570.2 | 568.5 |
| Retained earnings | 3,031.2 | 3,046.0 |
| Accumulated other comprehensive loss | (68.5) | (93.5) |
| Treasury stock | (1,866.9) | (1,882.3) |
| Total Leggett & Platt, Inc. equity | 1,668.0 | 1,640.7 |
| Noncontrolling interest | 0.6 | 0.7 |
| Total equity | 1,668.6 | 1,641.4 |
| TOTAL LIABILITIES AND EQUITY | $ 5,144.3 | $ 5,186.1 |
Leggett & Platt, Incorporated designs, manufactures, and markets engineered components and products worldwide. It operates through three segments: Bedding Products; Specialized Products; and Furniture, Flooring & Textile Products. The company offers steel rods, drawn wires, foam chemicals and additives, innersprings, specialty foams, private label finished mattresses, mattress foundations, wire forms for mattress foundations, adjustable beds, industrial sewing and quilting machines, and mattress packaging and glue drying equipment, as well as machines to produce innersprings for industrial users of steel rods and wires, manufacturers of finished bedding, big box and e-commerce retailers, bedding brands and mattress retailers, department stores, and home improvement centers. It also provides mechanical and pneumatic lumbar support and massage systems for automotive seating; seat suspension systems, motors and actuators, and cables; titanium, nickel, and stainless-steel tubing, formed tubes, tube assemblies, and flexible joint components for fluid conveyance systems; and engineered hydraulic cylinders to automobile OEMs and Tier 1 suppliers, aerospace OEMs and suppliers, and mobile equipment OEMs. In addition, the company offers steel mechanisms and motion hardware for reclining chairs, sofas, sleeper sofas and lift chairs; springs and seat suspensions; components and private label finished goods for soft seating; and bases, columns, back rests, casters, and frames, as well as control devices for chairs. Further, it offers carpet cushion and hard surface flooring underlayment, structural fabrics, and geo components to manufacturers of upholstered and office furniture, flooring retailers and distributors, contractors, landscapers, road construction companies, retailers, government agencies, and mattress and furniture producers, as well as manufacturers of packaging, filtration, and draperies. The company was founded in 1883 and is based in Carthage, Missouri.