Leggett & platt announces restructuring plan to drive improved performance and profitable growth

Carthage, mo. , jan. 16, 2024 /prnewswire/ -- continuing to adapt bedding products strategy to advance innovative, higher-value content and provide additional product solutions for our customers optimizing manufacturing and distribution footprint to enhance the efficiency of our business while maintaining ability to service our customers executing plan initiatives expected to generate $40 to $50 million of annualized ebit benefit when fully implemented in late 2025 withdrawing company's long-term financial targets recording an estimated $450 million long-lived asset impairment charge in 4q23 related to prior year acquisitions in bedding products segment diversified manufacturer leggett & platt announced that it is implementing a restructuring plan primarily in its bedding products segment and to a lesser extent, in its furniture, flooring & textile products segment.
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