Leggett & Platt (LEG) Tops Q3 EPS by 11c, Offers Guidance
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Leggett & Platt Reports Record Quarterly EPS Of $.67
October 29, 2015 4:07 PM EDTCARTHAGE, Mo., Oct. 29, 2015 /PRNewswire/ --
3Q EPS from continuing operations was $.67, a new quarterly record 3Q sales from continuing operations were $1.01 billion, also a new quarterly record EBIT margin improved to 14.0% in 3Q Raising 2015 EPS guidance; anticipate record EPS of $2.15 - 2.25 on sales of $3.92 - 3.98 billion 2016 outlook: expecting unit volume growth partially offset by deflation; EBIT margin in line with 2015Diversified manufacturer Leggett & Platt reported record quarterly EPS from continuing operations of $.67, a 31% improvement versus an adjusted[1] $.51 in the same quarter last year. Earnings benefited primarily from... More
