Financial Highlights

Leggett & Platt (NYSE: LEG), a member of the S&P 500 index and pioneer in the development of steel coil bedsprings, was founded in 1883 as a partnership in Carthage, Missouri. 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 airplanes.

Our firm is composed of 17 business units, 20,000 employee-partners, and 130 manufacturing facilities located in 19 countries.

Total Shareholder Return (TSR) 2015 2014 2013 2012 2011
Leggett TSR rank among S&P 500
for trailing 3 years (1% is best)
31% 25% 48% 37% 38%
Our goal is to rank within the top third of the S&P 500 over rolling 3-year periods.
Leggett & Platt - annual TSR 1% 43% 18% 24% 6%
S&P 500 Index - annual TSR 1% 14% 32% 16% 2%
Year-end L&P stock price $42.02 $42.61 $30.94 $27.22 $23.04
TSR = (Change in Stock Price + Dividends) / Beginning Stock Price; values assume dividends are reinvested.
Financial Results 2015 2014 2015 vs. 2014
(Dollar amounts in millions, except per share data)        
Net sales $3,917 $3,782     4%
Gross profit margin 23.6% 20.9%      
Adjusted EBIT margin1 (earnings before interest and taxes) 12.9% 10.2%      
Net cash provided by operating activities 359 382     (6)%
EPS (earnings per diluted share) $2.28 $0.68      
Adjusted EPS from continuing operations1 2.34 1.78     31%
Cash dividends declared per share 1.26 1.22      
Dividend yield (on start-of-year stock price) 3.0% 3.9%      
End-of-year shares outstanding (millions) 135.6 137.8     (1.6)%
Total assets $2,968 $3,141     (6)%
Long-term debt + current debt maturities 949 968     (2)%
Net debt to net capital 1 34.5% 31.5%      

1 For non-GAAP reconciliations, please refer to the Six-Year Financial Data.