Leggett & Platt (LEG) Misses Q3 EPS by 2c, Revenue Beats, Offers Guidance
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LEGGETT & PLATT REPORTS 3Q RESULTS
October 31, 2022 4:10 PM EDTCARTHAGE, Mo., Oct. 31, 2022 /PRNewswire/ --Â
3Q sales were $1.29 billion, a 2% decrease vs 3Q213Q EBIT of $113 million, down $31 million vs 3Q213Q EPS of $.52, a decrease of $.19 vs 3Q212022 guidance unchanged from October 10 announcement: sales of $5.1$5.2 billion; EPS of $2.30$2.45Diversified manufacturer Leggett & Platt reported third quarter sales of $1.29 billion, a 2% decrease versus third quarter last year.
Organic sales1Â were down 3%Volume was down 8%, primarily from continued demand softness in residential end markets, partially offset by... More