Leggett & Platt (LEG) Misses Q3 EPS by 10c, Revenues Miss; Reduces FY18 EPS Outlook Below Consensus

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 6/22/2026

1. SPCX
2. DSX
3. GNK
4. INTC
5. ACN
6. NTMFF
7. III
8. SAN
9. TTEC
10. SNY

Go back to Leggett & Platt (LEG) Misses Q3 EPS by 10c, Revenues Miss; Reduces FY18 EPS Outlook Below Consensus

Leggett & Platt Reports 8% Sales Growth And $.67 EPS

October 25, 2018 4:04 PM EDT

CARTHAGE, Mo., Oct. 25, 2018 /PRNewswire/ --

3Q sales were $1.09 billion, an 8% increase versus 3Q 2017; volume up 3% 3Q EPS was $.67, a $.06 increase versus 3Q 2017 Reducing 2018 EPS guidance to $2.40-$2.50; expect approx. $4.25 billion of sales

Diversified manufacturer Leggett & Platt reported third quarter sales of $1.09 billion, an increase of 8% versus third quarter 2017.  Organic sales grew 6%, with volume up 3%. Sales growth in U.S. Spring, Automotive, Adjustable Bed, Aerospace, Steel Rod and Work Furniture was partially offset by soft demand in most other businesses. Raw material-related selling price increases, partially offset by currency impact, added 3%.... More