Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $4,329 | $5,134 | $5,204 | $4,725 | $4,384 |
| Gross Profit | $895 | $1,038 | $977 | $854 | $749 |
| Operating Income | N/A | N/A | N/A | N/A | N/A |
| Net Income | $248 | $402 | $310 | -$137 | -$512 |
Over the five-year period, Leggett & Platt’s revenue grew notably from $4.33 billion in 2020 to a peak of $5.13 billion in 2021, representing an increase of roughly 18.5%. However, growth stalled thereafter, with revenue slightly rising to $5.20 billion in 2022 before experiencing marked declines of about 9% to $4.73 billion in 2023 and further to $4.38 billion in 2024. Gross profit trends mirrored this pattern: an increase from $894.5 million in 2020 to $1,038.3 million in 2021, followed by declines to $976.8 million in 2022, $853.8 million in 2023, and then to $749.1 million in 2024. The lack of operating income data (consistently reported as zero) shifts the focus to net income, which improved from $247.6 million in 2020 to $402.4 million in 2021 but then dropped to $309.8 million in 2022, turning markedly negative by -$136.8 million in 2023 and plunging to -$511.5 million in 2024. The significant year-over-year decline in net income exceeding 20% from 2021 to 2024, alongside the contraction in revenue and gross profit, raises concerns regarding the company’s cost structure and potential margin pressures. Given Leggett & Platt’s diverse portfolio within the industrial and manufacturing sectors, these downward trends may reflect challenges such as supply chain disruptions, increased input costs, or shifts in market demand. Overall, the financial health seems to be deteriorating over this period, with declining profitability and revenue raising potential sustainability issues that warrant further operational review and strategic adjustment.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.