Leggett & Platt (NYSE: LEG) reported Q4 EPS of $0.59, $0.03 worse than the analyst estimate of $0.62. Revenue for the quarter came in at $984 million versus the consensus estimate of $998.37 million.

• 4Q sales grew 9%, to $984 million
• 4Q EPS of $.27, significantly impacted by TCJA1; 4Q adjusted2 EPS of $.59, up 11% vs 4Q16
• Acquired PHC on Jan. 31; adds 2% to sales; entering new market via Styles of Competition efforts
• 2017 sales increased 5% to $3.94 billion
• 2017 continuing ops EPS of $2.14; 2017 continuing ops adjusted2 EPS of $2.46, down 1% versus 2016
• 2018 EPS guidance is $2.65–2.85 on sales of $4.2–4.3 billion; 6-9% growth vs 2017
• 2020 targets issued: sales of $5 billion, EBIT margin of 13%, EPS of $3.50

GUIDANCE:

Leggett & Platt sees FY2018 EPS of $2.65-$2.85, versus the consensus of $2.79. Leggett & Platt sees FY2018 revenue of $4.2-4.3 billion, versus the consensus of $4.17 billion.

For earnings history and earnings-related data on Leggett & Platt (LEG) click here.