Leggett & Platt (LEG) Misses Q2 EPS by 1c; Updates FY15 Outlook
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Leggett & Platt Reports Record Quarterly EPS
July 30, 2015 4:05 PM EDTCARTHAGE, Mo., July 30, 2015 /PRNewswire/ --
2Q EPS from continuing operations was $.53, an increase of $.05, or 10%, from 2Q last year 2Q sales from continuing operations were $997 million, a second quarter record, and 4% higher than in 2014 EBIT margin improved to 12.0%, a 130 basis point gain over 2Q last year Raising 2015 EPS guidance; anticipate record EPS of $2.00 - 2.15 on sales of $3.95 - 4.10 billionDiversified manufacturer Leggett & Platt reported record quarterly earnings of $.54 per share. EPS from continuing operations was $.53, an increase of $.05 versus 2014. Earnings benefited primarily from higher unit volumes, partially... More
