logo
Plus   Neg
Share
Email

Leggett & Platt Reduces 2018 Sales, EPS Guidance - Quick Facts

Leggett & Platt Inc. (LEG) announced the company reduced its 2018 continuing operations EPS to $2.55-$2.70, a $0.07 per share mid-point reduction from the prior range of $2.60-$2.80. The decrease is primarily from the negative impact of lower than expected full year sales, higher steel costs in Home Furniture business. 2018 sales guidance is reduced to $4.25-$4.35 billion from the prior range of $4.3-$4.4 billion.

Second quarter earnings were $0.63 per share, down $0.01 versus the $0.64 per share earned in second quarter 2017. Sales were $1.1 billion, an 11% increase from last year; volume up 6%.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Hongkong Sun Rise Trading Ltd. has recalled about 151,400 units of Kobalt Cordless Electric chainsaws and about 106,520 units of Kobalt Cordless Electric pole saws for possible laceration hazard, according to two separate statements issued by the U.S. Consumer Product Safety Commission. These include 1,400 chainsaws and 120 pole saws sold in Canada. Branded food company Hormel Foods Corp. (HRL) announced Friday that its Hormel Black Label Breakfast Food Truck will hit the road with free sample event of the popular brand's new Hormel Black Label Oven-Baked Egg Bites. The samples come in three variants - with Bacon, with Chorizo and with Bacon and... United Airlines has rolled out an interactive online "Map Search" feature for its customers in collaboration with search giant Google. The new feature is powered by Google Flight Search Enterprise Technology. United is claimed to be the first airline in the U.S. to add this feature. The new feature, available on United.com, allows customers to easily search, compare and purchase flight tickets.
RELATED NEWS
Follow RTT