Leggett & Platt, Incorporated (NYSE:LEG) is seeking strategic acquisitions. Benjamin Burns, Executive Vice President and CFO, said "For the full year 2023, we expect capital expenditures of approximately $110 million to $130 million, dividends of approximately $240 million and minimal spending for acquisitions and share repurchases as we prioritize debt reduction in the near term. Our long-term priorities for use of cash remain unchanged.

They include an order of priority funding organic growth, paying dividends funding strategic acquisitions and repurchasing shares with available cash".