Leggett & Platt (LEG) Tops Q2 EPS by 4c
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Leggett & Platt Reports Record 2Q EPS From Continuing Operations
July 28, 2016 4:10 PM EDTCARTHAGE, Mo., July 28, 2016 /PRNewswire/ --
2Q EPS from Continuing Operations was a record $.72, including $.06 of unusual items Adjusted1 2Q EPS from Continuing Operations was $.66, a second quarter record, up 25% vs. 2Q 2015 2Q sales declined 4% to $959 million; 2% volume gain was masked by divestitures and commodity deflation EBIT margin was 15.3%; Adjusted1 EBIT margin was 13.8% Narrowing EPS guidance; anticipate record continuing ops EPS of $2.45-2.60 on sales of approx. $3.9 billionDiversified manufacturer Leggett & Platt reported quarterly earnings of $.87 per share. Continuing Operations posted EPS of $.72,... More
