Leggett & Platt Q1 sales $1.21B (-8% YoY), EPS $0.39; guidance unchanged

LEGGETT & PLATT INC

2023-Q1 EPS reported $0.39 revenue$1,226,700,000

Q1 EPS $0.39 (down $0.27 vs Q1 2022); EBIT $89M (down $48M); EBIT margin 7.4%.
Bedding Products sales -17% YoY; Specialized Products +21%; Furniture/Flooring/Textile -13%.
FY2023 guidance reaffirmed: sales $4.8-5.2B, EPS $1.50-1.90, EBIT margin 7.5-8.0%.
Dividend raised to $0.44/share (annual $1.76, yield 5.4%); operating cash flow $97M.
Net debt / adj. EBITDA 2.88x; total liquidity $870M ($345M cash, $525M revolver capacity).

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LEGGETT & PLATT INC reported first quarter of 2023 results: revenue $1.21 billion, EPS $.39. Guidance reaffirmed.

Period: first quarter of 2023
Revenue: $1.21 billion
EPS: $.39
Guidance: reaffirmed
Result: reported results

Exact text from the filing

LEGGETT & PLATT REPORTS 1Q RESULTS Carthage, MO, May 1, 2023 — • 1Q sales of $1.21 billion, an 8% decrease vs 1Q22 • 1Q EBIT of $89 million, down $48 million vs 1Q22 • 1Q EPS of $.39, a decrease of $.27 vs 1Q22 • 2023 guidance unchanged: sales of $4.8–$5.2 billion; EPS of $1.50–$1.90

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Source: SEC EDGAR

accession 0001193125-23-130580

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