Leggett & Platt (LEG) Misses Q1 EPS by 2c, Offers Guidance
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Leggett & Platt Reports 7% Sales Growth And $.57 EPS
April 26, 2018 4:06 PM EDTCARTHAGE, Mo., April 26, 2018 /PRNewswire/ --
1Q sales were $1,029 million, a 7% increase versus 1Q 2017; same location sales grew 6% 1Q EPS was $.57, a decrease of $.05 versus 1Q 2017, primarily due to inflation impacts 2018 sales guidance raised to $4.3-4.4 billion; EPS guidance lowered $.05 to $2.60-2.80Diversified manufacturer Leggett & Platt reported first quarter sales of $1,029 million, an increase of 7% versus first quarter 2017. Raw material-related price increases and currency impact added 5% and volume grew 1%. Acquisitions also contributed 2% to sales growth but were partially offset by divestitures.
First quarter earnings were $.57 per share, down 8%... More
