Leggett & Platt Reports 2Q Results And Announces 3Q Dividend
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Leggett & Platt (LEG) Tops Q2 EPS by 9c, Revenues Miss
August 3, 2020 4:46 PM EDTLeggett & Platt (NYSE: LEG) reported Q2 EPS of $0.16, $0.09 better than the analyst estimate of $0.07. Revenue for the quarter came in at $845.1 million versus the consensus estimate of $919.93 million.
2Q sales were down 30% vs 2Q19, significantly impacted by the COVID-19 pandemic2Q EPS was ($.05), a decrease of $.69 vs 2Q19; 2Q adjusted1 EPS was $.16, down $.48 vs 2Q19Liquidity at June 30, 2020 was $1.3 billionBoard declared third quarter dividend of $.40 per shareDiversified manufacturer Leggett & Platt reported second quarter sales of $845 million, a 30% decrease versus second quarter last... More
