Leggett & Platt Q2 sales record $1.33B but lowers full-year guidance; EPS $0.70

LEGGETT & PLATT INC

2022-Q2 EPS reported $1.36 revenue$2,689,300,000

Q2 sales record $1.33B (+5% YoY); EPS $0.70 (down $0.12 YoY).
Full-year 2022 guidance lowered: sales $5.2-5.4B (prev $5.3-5.6B), EPS $2.65-2.80 (prev $2.70-3.00).
Bedding Products volume down 15% from demand softness; EBIT fell $31M partly from non-recurrence of prior-year gain.
Dividend raised to $0.44/share (+2 cents YoY); repurchased 1.0M shares at avg $35.01.
Operating cash flow $90M, up $49M YoY; total liquidity $1.3B.

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