Leggett & Platt Q3 sales fall 9%, EPS down; lowers 2023 guidance on weak residential demand

LEGGETT & PLATT INC

2023-Q3 EPS reported $1.18 revenue$3,610,200,000

Q3 sales $1.18B (-9% YoY); EPS $0.39 vs $0.52; adjusted EPS $0.36 vs $0.52.
2023 guidance lowered: sales $4.7-4.75B (prior $4.75-4.95B), EPS $1.45-1.55 (prior $1.50-1.70), adjusted EPS $1.35-1.45.
Bedding Products sales -17%; Specialized Products +10%; Furniture, Flooring & Textile -11%.
Operating cash flow $144M (+$78M YoY); Net Debt/Adjusted EBITDA 3.15x.
UAW strike minimal impact so far: $5M sales in Q4; guidance excludes further strike effects due to uncertainty.

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 0.9

LEGGETT & PLATT INC reported third quarter of 2023 results: revenue $1.18 billion, EPS $.39. Guidance lowered.

Period: third quarter of 2023
Revenue: $1.18 billion
EPS: $.39
Guidance: lowered
Result: reported results

Exact text from the filing

3Q sales of $1.18 billion, a 9% decrease vs 3Q22 • 3Q EPS of $.39, a decrease of $.13 vs 3Q22; 3Q adjusted 1 EPS of $.36

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Source: SEC EDGAR

accession 0001193125-23-266233

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