Leggett & Platt (LEG) Tops Q1 EPS by 3c, Slight Beat on Revenue; Reaffirms Guidance

Leggett & Platt (NYSE: LEG) reported Q1 EPS of $0.62, $0.03 better than the analyst estimate of $0.59. Revenue for the quarter came in at $960 million versus the consensus estimate of $958.98 million.

• 1Q sales were $960 million, a 2% increase versus 1Q 2016; same location sales grew 4%
• 1Q EPS was $.62, a decrease of $.01 versus 1Q 2016
• 2017 guidance unchanged: EPS of $2.55-2.75 on sales of $3.95-4.05 billion

GUIDANCE:

Leggett & Platt sees Q2 2017 EPS of $2.55-$2.75, versus the consensus of $2.63. Leggett & Platt sees Q2 2017 revenue of $3.95-4.05 billion, versus the consensus of $3.95 billion.

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

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