Leggett & Platt (LEG) Misses Q1 EPS by 3c, Offers Guidance
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Leggett & Platt Reports 1Q Results
April 29, 2019 4:07 PM EDTCARTHAGE, Mo., April 29, 2019 /PRNewswire/ --
1Q sales grew 12%, to $1.16 billion 1Q EPS of $.45; 1Q adjusted1 EPS of $.49, a decrease of $.08 vs 1Q18 1Q included restructuring-related charges and ECS transaction costs: $7 million (pretax) or $.04 per share 2019 guidance unchanged: sales of $4.95-$5.1 billion; EPS of $2.35-$2.55; adjusted EPS of $2.45-$2.65Diversified manufacturer Leggett & Platt reported first quarter 2019 sales of $1.16 billion, a 12% increase versus first quarter last year. Growth from ECS and other smaller acquisitions (+13%) was slightly offset by a 1% decline in organic sales. Volume was down... More
