Leggett & Platt, Incorporated ( LEG - Free Report ) reported lackluster results for second-quarter 2024. Earnings matched the analysts' expectation while net sales missed the same. The metrics declined on a year-over-year basis due to persistent weak demand in most of the end markets served. Following the results, the stock plunged 1.2% in the after-hour trading session on Aug 1. For the full year, LEG lowered sales guidance and narrowed adjusted EPS guidance. The company noted that demand in the residential end markets remains weak as consumers continue to delay big-ticket, discretionary purchases. Also, the global automotive market remains volatile due to a slower-than-expected shift to electric vehicles and disruption from new Chinese market entrants. President and CEO of Leggett, Karl Glassman, said, "We are currently conducting a strategic review of our diverse portfolio, assessing how each business fits into our long-term vision.