Leggett & Platt (LEG) Tops Q1 EPS by 22c, Offers Guidance
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Leggett & Platt Reports Record 1Q EBIT And EPS; Increases 2Q Dividend
May 3, 2021 4:14 PM EDTCARTHAGE, Mo., May 3, 2021 /PRNewswire/ --
1Q sales increased 10% vs 1Q20, to $1.151 billion 1Q EPS was a first quarter record $.64, an increase of $.31 vs 1Q20 and an increase of $.24 vs adjusted1 EPS in 1Q20 Board of Directors increased second quarter dividend $.02 to $.42 per share Increased 2021 guidance: sales of $4.8$5.0 billion and EPS of $2.55$2.75 Changed methodology for valuing domestic steel-related inventory from LIFO to FIFODiversified manufacturer Leggett & Platt reported first quarter 2021 sales of $1.151 billion, a 10% increase versus first quarter last year.
Organic sales were up... More