earnings
confidence high
sentiment positive
materiality 0.85
Leggett & Platt reports record Q4 sales $1.33B, FY sales $5.07B, 2022 guidance $5.3-5.6B
LEGGETT & PLATT INC
2021-FY EPS reported
$2.94
revenue$5,133,700,000
- Q4 sales record $1.333B (+13% YoY); EPS $0.77 (-$0.02 YoY).
- 2021 sales record $5.073B (+19%); EPS record $2.94; adjusted EPS record $2.78.
- 2022 guidance: sales $5.3-5.6B, EPS $2.70-3.00, EBIT margin 10.5-11.0%.
- Dividend increased for 50th consecutive year; annual indicated $1.68/share.
- Issued $500M 30-year 3.5% notes; net debt 2.29x trailing EBITDA.