Leggett & Platt reports Q4 EPS $0.39, down 49% YoY; guides 2023 EPS $1.50-$1.90

LEGGETT & PLATT INC

2022-FY EPS reported $2.27 revenue$5,203,900,000

Q4 EPS $0.39, down $0.38 YoY; sales $1.2B, down 10% (12% volume decline).
Full year 2022 EPS $2.27, down $0.67 YoY; record sales $5.15B (+1%).
2023 guidance: EPS $1.50-$1.90, sales $4.8-$5.2B; EBIT margin 7.5%-8.0%.
Q4 Bedding Products sales -19% YoY; EBIT down $46M on volume drop and production cuts.
Net debt/Adj. EBITDA 2.66x; operating cash flow $441M (+63%); annual dividend raised to $1.76.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LEGGETT & PLATT INC reported financial results for the fourth quarter and year ending December 31, 2022.

Period: the fourth quarter and year ending December 31, 2022
Result: reported results

Exact text from the filing

On February 6, 2023, Leggett & Platt, Incorporated issued a press release announcing its financial results for the fourth quarter and year ending December 31, 2022 and related matters.

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Source: SEC EDGAR

accession 0001193125-23-025694

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