Leggett & Platt (LEG) Tops Q4 EPS by 8c, FY19 EPS Guidance Light
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Leggett & Platt Reports 4Q And Full-Year 2018 Results
February 4, 2019 4:18 PM ESTCARTHAGE, Mo., Feb. 4, 2019 /PRNewswire/ --
4Q sales grew 6%, to $1.05 billion 4Q EPS of $.39, significantly impacted by restructuring-related and impairment charges1 4Q adjusted2 EPS of $.62, up 5% vs 4Q17 2018 sales increased 8% to $4.27 billion 2018 EPS of $2.26; 2018 adjusted2 EPS of $2.48, up 1% vs 2017 2019 sales guidance:  $4.95-$5.1 billion; 16-19% sales growth vs 2018 2019 EPS guidance: $2.35-$2.55; adjusted EPS of $2.45-$2.65 Acquired Elite Comfort Solutions (ECS)3 in January; expected to add ~$675 million to 2019 salesDiversified manufacturer Leggett & Platt reported fourth quarter 2018 sales of $1.05 billion, a 6% increase versus fourth quarter last year.... More
