Leggett & Platt (NYSE: LEG), a member of the S&P 500 index and pioneer in the development of steel coil bedsprings, was founded as a partnership in Carthage, Missouri, in 1883 and incorporated in 1901. Our stock was first publicly traded in 1967, and listed on the NYSE in 1979. Today, Leggett & Platt is a diversified manufacturer that conceives, designs, and produces a wide range of engineered components and products that can be found in most homes, offices, and automobiles, and also in many retail stores.
Our firm is composed of 19 business units, 19,000 employee-partners, and 140 manufacturing facilities located in 18 countries.
| Total Shareholder Return (TSR) | 2010 | 2009 | 2008 | 3-Year TSR |
| Leggett & Platt | 17% | 43% | (8)% | 55% |
| S&P 500 Index | 15% | 26% | (37)% | (8)% |
| Leggett & Platt's ranking among the S&P 500 (1% is best) | 53% | 38% | 10% | 8% |
| TSR = (Change in Stock Price + Dividends Received) / Beginning Stock Price; values assume dividends are reinvested |
||||
| Financial Results | 2010 | 2009 | 2010 vs. 2009 | |
| (Dollar amounts in millions, except per share data) | ||||
| Net sales from continuing operations | $3,359 | $3,055 | 10% | |
| Gross profit margin | 19.5% | 20.6% | ||
| EBIT margin (earnings before interest and taxes) | 8.6% | 7.5% | ||
| Net cash provided by operating activities | 363 | 565 | 36% | |
| EPS (earnings per diluted share) from continuing operations | 1.16 | 0.74 | 57% | |
| EPS (including discontinued operations) | 1.15 | 0.70 | 64% | |
| Cash dividends declared per share | 1.06 | 1.02 | ||
| Dividend yield (based on starting stock price) | 5.2% | 6.7% | ||
| End-of-year shares outstanding (millions) | 146.2 | 148.8 | (2)% | |
| Total assets | 3,001 | 3,061 | (2)% | |
| Long-term debt | 762 | 789 | (3)% | |
| Net debt to net capital | 23.3% | 23.7% | ||
