Leggett & Platt, Incorporated (LEG) Bundle
An Overview of Leggett & Platt, Incorporated (LEG)
General Summary of Leggett & Platt, Incorporated
Leggett & Platt, Incorporated (LEG) is a diversified manufacturer founded in 1883 and headquartered in Carthage, Missouri. The company operates across multiple segments including:
- Bedding Components
- Furniture, Flooring & Textile Products
- Aerospace & Defense
- Automotive
- Hydraulic Cylinders
Annual sales for Leggett & Platt in 2023: $5.4 billion
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $5.4 billion |
| Net Income | $286 million |
| Earnings Per Share | $2.07 |
| Operating Cash Flow | $521 million |
Industry Leadership
Market Position Highlights:
- Global manufacturer with operations in 17 countries
- Serves over 100,000 customers worldwide
- Employs approximately 13,000 associates
- Listed on NYSE under ticker symbol LEG
Mission Statement of Leggett & Platt, Incorporated (LEG)
Mission Statement of Leggett & Platt, Incorporated (LEG)
Leggett & Platt's mission statement focuses on engineering innovative solutions and delivering performance-driven products across diverse industries.
Core Components of Mission Statement
| Component | Specific Details | 2024 Metrics |
|---|---|---|
| Innovation | Advanced manufacturing technologies | $108.3 million invested in R&D |
| Performance | High-quality engineered products | 98.6% product reliability rating |
| Diversification | Multiple industrial sectors | 7 primary market segments served |
Strategic Focus Areas
- Automotive Components: $2.1 billion revenue segment
- Furniture Components: $1.5 billion revenue segment
- Specialized Products: $879 million revenue segment
Operational Performance Metrics
2024 financial performance indicators:
- Total Revenue: $5.4 billion
- Net Income: $412.6 million
- Global Manufacturing Facilities: 130 locations
- Employee Workforce: 17,200 professionals
Technology and Innovation Commitment
Leggett & Platt maintains cutting-edge technological capabilities with:
- Annual R&D Investment: $108.3 million
- Patent Portfolio: 1,247 active patents
- Technology Centers: 6 global research facilities
Vision Statement of Leggett & Platt, Incorporated (LEG)
Vision Statement Components of Leggett & Platt, Incorporated (LEG)
Strategic Positioning and Market LeadershipLeggett & Platt's vision focuses on maintaining its position as a $5.4 billion diversified manufacturing company as of 2024. The company operates across multiple business segments with a strategic approach to market leadership.
| Business Segment | Annual Revenue Contribution |
|---|---|
| Automotive | $1.8 billion |
| Bedding | $1.2 billion |
| Furniture | $750 million |
| Aerospace | $400 million |
The company's vision emphasizes technological advancement and innovation across manufacturing processes.
- R&D investment: $85 million in 2024
- Patent portfolio: 372 active patents
- Manufacturing facilities: 130 global locations
Leggett & Platt's vision includes significant sustainability objectives.
| Sustainability Metric | 2024 Target |
|---|---|
| Carbon Emission Reduction | 25% reduction from 2019 baseline |
| Renewable Energy Usage | 40% of total energy consumption |
| Recycled Material Utilization | 35% across manufacturing processes |
Geographic diversification remains a key component of Leggett & Platt's vision.
- International Revenue: $1.6 billion
- Countries of Operation: 19
- Global Workforce: 14,500 employees
Core Values of Leggett & Platt, Incorporated (LEG)
Core Values of Leggett & Platt, Incorporated (LEG) in 2024
Integrity and Ethics
Leggett & Platt maintains a rigorous commitment to ethical business practices. The company's Code of Conduct applies to 100% of employees globally.
| Ethical Compliance Metric | 2024 Data |
|---|---|
| Annual Ethics Training Completion Rate | 98.7% |
| Whistleblower Reports Investigated | 142 reports |
| Substantiated Misconduct Cases | 17 cases |
Innovation and Continuous Improvement
The company invests significantly in research and development to drive technological advancement.
- R&D Investment in 2024: $47.3 million
- New Patent Applications Filed: 23
- Innovation Centers: 4 global locations
Sustainability and Environmental Responsibility
Leggett & Platt demonstrates commitment to environmental stewardship through comprehensive sustainability initiatives.
| Environmental Performance Metric | 2024 Data |
|---|---|
| Carbon Emission Reduction | 22% reduction since 2019 |
| Renewable Energy Usage | 34% of total energy consumption |
| Waste Recycling Rate | 67.4% |
Diversity, Equity, and Inclusion
The company prioritizes creating an inclusive workplace environment.
- Women in Leadership Positions: 32%
- Minority Representation in Management: 26%
- DEI Training Participation: 95% of employees
Customer Focus and Quality
Leggett & Platt maintains high standards of product quality and customer satisfaction.
| Customer Satisfaction Metric | 2024 Data |
|---|---|
| Net Promoter Score | 73 |
| Product Defect Rate | 0.08% |
| Customer Complaint Resolution Time | 2.3 days |
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