Leggett & Platt (LEG) Tops Q4 EPS by 2c, FY Guidance Misses Consensus
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Leggett & Platt Reports 4Q And Full Year 2019 Results
February 3, 2020 4:20 PM ESTCARTHAGE, Mo., Feb. 3, 2020 /PRNewswire/ --
4Q sales grew 9%, to $1.14 billion 4Q EPS was $.64 and 4Q adjusted1 EPS was $.68, increases vs 4Q18 2019 sales increased 11%, to $4.75 billion 2019 EPS was $2.47 and 2019 adjusted1 EPS was $2.57, increases vs 2018 2019 cash flow from operations was a record $668 million 2020 guidance: EPS of $2.40$2.60 on sales of $4.7$4.9 billionDiversified manufacturer Leggett & Platt reported fourth quarter 2019 sales of $1.14 billion, a 9% increase versus fourth quarter last year.
Acquisitions added 13% to sales growth (primarily ECS) Organic sales were down 4%: Volume up 2%... More