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, Inc. experienced mixed financial performance with notable fluctuations in its key income statement items. Revenue grew substantially from USD 4,329 million in 2020 to a peak of USD 5,133.7 million in 2021—an approximate 18.6% increase—before gradually declining to USD 4,383.6 million by 2024. Gross profit followed a similar trend; it increased from USD 894.5 million in 2020 to USD 1,038.3 million in 2021, then decreased steadily, falling to USD 749.1 million in 2024. Despite revenue and gross profit showing initial growth, the absence of reported operating income throughout the period suggests that underlying operational inefficiencies or high costs might be eroding profitability. Net income displayed a significant swing over the period. It climbed from USD 247.6 million in 2020 to USD 402.4 million in 2021—an impressive increase of roughly 62%—but then declined to USD 309.8 million in 2022. More concerning were the sharp declines in subsequent years, with the company reporting a net loss of USD 136.8 million in 2023 and a further drop to a USD 511.5 million loss in 2024. These significant year-over-year swings, particularly the transition to negative net income in 2023 and 2024 (exceeding a 20% change), suggest potential challenges such as adverse market conditions or operational pressures. In the context of the engineered products and industrial manufacturing sector, where margins can be tight and cyclical trends prevalent, sustained declines in profitability raise concerns about the company’s financial health and long-term sustainability.
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.