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Leggett &: Press Release Dated October 29, 2015

The following excerpt is from the company's SEC filing.

Exhibit 99.1

FOR IMMEDIATE RELEASE: OCTOBER 29, 2015

LEGGETT & PLATT REPORTS RECORD QUARTERLY EPS OF $.67

Carthage, MO, October 29, 2015

3Q EPS from continuing operations was $.67, a new quarterly record

3Q sales from continuing operations were $1.01 billion, also a new quarterly record

EBIT margin improved to 14.0% in 3Q

Raising 2015 EPS guidance; anticipate record EPS of $2.15 - 2.25 on sales of $3.92 - 3.98 billion

2016 outlook: expecting unit volume growth partially offset by deflation; EBIT margin in li ne with 2015

Diversified manufacturer Leggett & Platt reported record quarterly EPS from continuing operations of $.67, a 31% improvement versus an adjusted

$.51 in the same quarter last year. Earnings benefited primarily from higher unit volumes and pricing discipline.

Sales from continuing operations were $1.01 billion, a quarterly record and 1% increase versus third quarter 2014 (during which sales increased 14%). In the third quarter, same location unit volume grew 5% and acquisitions added 2% to sales; these gains were largely offset by a 6% decline caused by raw material-related price deflation and currency impacts.

EBIT margin improved to 14.0% this quarter, an increase of 330 basis points from an adjusted

10.7% in third quarter last year. Margin improvement was the result of higher unit volume, pricing discipline and improved capacity utilization.

CEO Comments

Board Chair and CEO David S. Haffner commented, We continue to be very pleased with our performance this year. We posted record sales, EBIT, and EPS during the third quarter, extending our string of strong quarterly results that began in the second quarter of 2014. Year-to-date continuing operations EPS improved 24%, to $1.70 this year versus $1.37 last year (excluding last years foam litigation expenses).

Nearly all of our businesses experienced volume growth during the quarter, despite strong prior year comparisons. During the third quarter we saw unit volume growth of 37% in Comfort Core innersprings and 55% in adjustable beds. We also experienced continued strong organic volume growth in both Automotive and European Spring. These volume gains are masked by the deflation and currency impacts we have been experiencing.

We are achieving these results while maintaining our strong financial base. At quarters end, we had $375 million available through our commercial paper program. Net debt to net capital was 36%, comfortably within our 30% - 40% target range.

Dividend Increase and Stock Repurchases

In August, Leggett & Platts Board of Directors increased the quarterly dividend by $.01, to $.32. 2015 marks 44 consecutive annual dividend increases for the company, at a compound annual growth rate of 13%. At yesterdays closing share price of $45.00, the indicated annual dividend of $1.28 per share generates a dividend yield of 2.8%.

To aid investors awareness of operational profit, 3Q 2014 adjusted EPS from continuing operations excludes $.14 of foam litigation expense.

3Q 2014 continuing operations adjusted EBIT and adjusted EBIT margin exclude $32 million of foam litigation expense.

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During the third quarter the company purchased 0.9 million shares of its stock at an average price of $45.61, and issued 0.2 million shares through employee benefit plans and option exercises. Through three quarters of the year, the company purchased 3.7 million shares, and issued 2.0 million. Shares outstanding decreased to 136.1 million.

TSR Results

The companys principal financial goal is to generate TSR that ranks among the top third of the S&P 500 companies over rolling 3-year periods. For the three year period that will end in December of this year, the company has so far (over the last 34 months) generated annual TSR of 23% per year. This performance ranks within the top 29 percent of the S&P 500, exceeding the companys goal.

2015 Records Anticipated

Leggett & Platt posted record adjusted EPS

from continuing operations for each of the last three years, and expects to do so again in 2015. The company also expects to achieve, in 2015, record sales and EBIT from continuing operations, and its highest EBIT margin since 1999.

Given its strong third quarter results, the company is raising its 2015 EPS...


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