logo
  

Leggett & Platt Issues FY22 Outlook

Leggett & Platt Inc. (LEG) on Monday issued an outlook for the full year 2022.

Looking forward to the full year 202, the company expects sales of $5.3 billion to $5.6 billion billion, which is up 4% to 10% compared to 2021. The company expects earnings to be $2.70 to $3.00 per share.

Analysts polled by Thomson Reuters currently estimate earnings of $3.00 per share on revenues of $5.23 billion for 2022. Analysts' estimates typically exclude one-time items.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Shares of Deutsche Post DHL Group were gaining around 6 percent in the morning trading in Germany after the package delivery and logistic major reported Friday higher profit and revenues in its second quarter with strong demand. Going ahead, the company confirmed its 2022 EBIT guidance of 8.0 billion euros, plus or minus 5 percent, even in consideration of a possible global economic downturn. Chinese e-commerce giant Alibaba Group Holdings Ltd. (BABA) reported Thursday net income for the first quarter halved from last year, hurt by a 1 decline in revenues and a decrease in the market prices of its equity investments in publicly-traded companies. Shares of Deutsche Lufthansa AG were gaining around 6 percent in the morning trading after the German flag carrier reported Thursday a profit in its second quarter, compared to last year's loss, benefited by surge in demand. The company also specified its outlook for the year, and now expects adjusted EBIT to be above 500 million euros for the full year of 2022, in line with current market.
Follow RTT