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Leggett & Platt, Incorporated's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Leggett & Platt, Incorporated (LEG)

Q1 2012 Earnings Call

April 27, 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

Leah Villalobos - Longbow Research LLC

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

John A. Baugh - Stifel, Nicolaus & Co., Inc., Research Division

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

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

Allen Zwickler - First Manhattan Co., Research Division

Presentation

Operator

Greetings, and welcome to the Leggett & Platt First Quarter 2012 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, David DeSonier, Senior Vice President of Strategy and Investor Relations for Leggett & Platt Incorporated. Thank you. Mr. DeSonier, you may begin.

David M. DeSonier

Good morning, and thank you for taking part in Leggett & Platt's First Quarter Conference Call. With me this morning are the following: Dave Haffner, our CEO; Karl Glassman, our Chief Operating Officer; Matt Flanagan, our CFO; and Susan McCoy, our Staff VP of Investor Relations.

The agenda for our 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.

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