Leggett & Platt Q4 Earnings Meet Expectations
CARTHAGE, Mo. - Leggett & Platt Inc. (LEG) reported a fourth-quarter profit of $14.2 million on Thursday, or 10 cents per share. Adjusted for one-time items, earnings were 21 cents per share, in line with analysts' consensus estimate.
Revenue for the quarter was $1.06 billion, surpassing the $1.03 billion forecast by analysts. For the full year, the company reported a loss of $511.5 million, or $3.73 per share, on revenue of $4.38 billion.
Leggett & Platt anticipates full-year earnings in the range of $1 to $1.20 per share, with revenue between $4 billion and $4.3 billion.