Leggett & Platt (LEG) Reports In-Line Q1 EPS

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Leggett & Platt Reports 1Q Results And COVID-19 Impacts

May 4, 2020 4:10 PM EDT

CARTHAGE, Mo., May 4, 2020 /PRNewswire/ -- Diversified manufacturer Leggett & Platt reported its first quarter 2020 results of operations, impacts from the COVID-19 pandemic on its business, and responsive actions.

SUMMARY

Crisis response team managing health and safety issues and a comprehensive plan for safe and productive long-term operation Sales remained at weekly average levels that were consistent with 2019 through mid-March; rapid declines in last two weeks of first quarter have stabilized through the first three weeks of the second quarter and are currently at approximately 55% of average levels Aggressive cost reductions; aligned... More