Leggett & Platt (LEG) Tops Q2 EPS by 1c; Lowers Outlook
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Leggett & Platt Reports 11% Sales Growth And $.63 EPS
July 26, 2018 4:07 PM EDTCARTHAGE, Mo., July 26, 2018 /PRNewswire/ --
2Q sales were $1.1 billion, an 11% increase versus 2Q 2017; volume up 6% 2Q EPS was $.63, a $.01 decrease versus 2Q 2017 Reducing 2018 sales guidance to $4.25-$4.35 billion; reducing EPS guidance to $2.55-$2.70Diversified manufacturer Leggett & Platt reported second quarter sales of $1.1 billion, an increase of 11% versus second quarter 2017. Organic sales grew 10%, with volume up 6% from strength in Automotive, Bedding, Adjustable Bed and several other businesses. Raw material-related price increases and currency impact added 4%. Acquisitions contributed 3% to sales growth but were partially offset by divestitures.
Second quarter earnings... More
