earnings
confidence high
sentiment negative
materiality 0.65
Leggett & Platt Q3 EPS $0.52, down $0.19 YoY; sales $1.29B, down 2%
LEGGETT & PLATT INC
2022-Q3 EPS reported
$1.88
revenue$3,996,800,000
- Q3 sales $1.29B (down 2% YoY); EBIT $113M (down $31M); EPS $0.52 (down $0.19).
- Bedding Products sales down 12%, volume down 20%; Specialized Products up 24% on automotive/aerospace growth.
- Full-year 2022 guidance reaffirmed: sales $5.1-5.2B, EPS $2.30-2.45; EBIT margin 9.5-10.0%.
- Dividend raised $0.02 to $0.44/share (annual $1.76); yield 5.3% at Friday close.
- Operating cash flow $65M in Q3, up $15M YoY; net debt/adj. EBITDA 2.63x.