Leggett & Platt (LEG) Tops Q3 EPS by 11c, Offers Guidance

Leggett & Platt (NYSE: LEG) reported Q3 EPS of $0.67, $0.11 better than the analyst estimate of $0.56. Revenue for the quarter came in at $1.01 billion versus the consensus estimate of $1.05 billion.

Leggett & Platt sees FY2015 EPS of $2.15-$2.25, versus the consensus of $2.08. Leggett & Platt sees FY2015 revenue of $3.92-3.98 billion, versus the consensus of $4.02 billion.

2016 Outlook

The company provided the following general framework for 2016, and will issue formal EPS and sales guidance when it announces fourth quarter results on February 1. Sales growth in 2016, excluding possible acquisitions or divestitures, is expected to be in the mid-single digits. Continued strong unit volume growth is anticipated in many of the company's product categories, but will likely be partially offset by commodity-related price deflation. 2016 EBIT margin is expected to be roughly in line with 2015, with the benefit to margin from higher unit volume likely offset by the non-recurrence of the 2015 pricing lag. This framework assumes that commodity prices (primarily steel) will stabilize near current level

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

You May Also Be Interested In

• Constellation Brands (STZ) Tops Q1 EPS by 18c
• Nike beats quarterly estimates as tariff recovery boosts profit
• Concentrix Corporation (CNXC) Misses Q2 EPS by 1c; Guides lower than expectations