Springfield, MO

Leggett & Platt’s earnings dip

Posted online
On higher expenses, Carthage-based Leggett & Platt Inc. (NYSE: LEG) reported a 4 percent drop in first-quarter earnings to $86.1 million.

The manufacturer of engineered components and products for homes, offices and vehicles reported diluted share earnings of 62 cents, a 1-cent drop, according to a news release.

First-quarter financial notes:
    •    Sales improved by 2 percent to $960.3 million.
    •    Cost of goods sold rose 4 percent to $734.3 million, leading to a 3 percent decline in gross profit.
    •    Same-location sales moved up 4 percent.

At the end of the first quarter, Leggett & Platt held $3.1 billion in assets. The company has 21,000 employees across 17 business units and 130 manufacturing plants in 19 countries, according to the release.

LEG shares were trading at $53.79 as of 9:57 a.m., near a 52-week high of $54.97. The company’s 52-week low is $44.02

[[In-content Ad]]


No comments on this story |
Please log in to add your comment
Editors' Pick

Life after KY3: Former employees settle into new gigs after layoffs

The ousted professionals are finding their footings in new careers.

Most Read
SBJ Live logo
Consistent Marketing

 “Marketing for a company can be very interesting, in the sense that it’s hard to stand out in the crowd from everyone else,” says Alisa Lawler, Vice President of Marketing and Business …

Booked - The 7 Habits of Highly Effective People “I think it’s a really great book and I wish I had read it earlier in my career,” says Candida Deckard, the Director of Human Resources and Safety at CNH Industrial Reman and one of Springfield …
From Concept to Completion “Every day we’re still learning. We’re not perfect, but we’re trying to get there,” says Cosmo Kwon, Co-Owner of Hinode in Nixa, Mo. Kwon says there is a huge difference in purchasing an …
Building on Each Other’s Strengths “To be good at business, or whatever you do, you need know what you can do and what you’re not good at,” says Eric Jones, co-owner of United States of Apparel. “When you’re not good at …
Carry On: Dealing with Overwhelm Do you feel overwhelmed? Is it a skill issue, a mindset issue or both? Marlene Chism, author, consultant and expert on stopping workplace drama, has some tips to help you deal with these situations. …