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Leggett & Platt, Incorporated's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Leggett & Platt, Incorporated (LEG)

Q4 2011 Earnings Call

February 07, 2012 9:00 am ET

Executives

David M. DeSonier - Senior Vice President of Strategy & Investor Relations

David S. Haffner - Chief Executive Officer, President, Director and Member of Executive Committee

Karl G. Glassman - Chief Operating Officer, Executive Vice President and Director

Susan R. McCoy - Director of Investor Relations

Matthew C. Flanigan - Chief Financial Officer, Senior Vice President, Director and Chairman of Enterprise Risk Management Committee

Analysts

Budd Bugatch - Raymond James & Associates, Inc., Research Division

Keith B. Hughes - SunTrust Robinson Humphrey, Inc., Research Division

Leah Villalobos - Longbow Research LLC

Herbert Hardt - Monness, Crespi, Hardt & Co., Inc., Research Division

Joel K. Havard - Hilliard Lyons, Research Division

Robert J. Kelly - Sidoti & Company, LLC

Dillard Watt - Stifel, Nicolaus & Co., Inc., Research Division

Presentation

Operator

Greetings, and welcome to the Leggett & Platt Fourth Quarter 2011 Earnings. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, David DeSonier, Senior Vice President, Strategy and Investor Relations for Leggett & Platt. Thank you, Mr. DeSonier, you may begin.

David M. DeSonier

Good morning, and thank you for taking part in Leggett & Platt's Fourth Quarter Conference Call. I'm Dave DeSonier. And with me today are the following: Dave Haffner, our CEO and President; Karl Glassman, our Chief Operating Officer; Matt Flanagan, our CFO; and Susan McCoy, our Staff VP of Investor Relations. The agenda for the call this morning is as follows. Dave Haffner will start with a summary of the major statements we made in yesterday's press release. Karl will provide operating highlights. Dave will then address our outlook for 2012. And finally, the group will answer any questions you have. This conference is being recorded for Leggett & Platt and is copyrighted material. This call may not be transcribed, recorded or broadcast without our expressed permission. A replay is available from the IR portion of Leggett's website.

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