Leggett & Platt Reports Second Quarter Results
Leggett & Platt reported a decrease in second-quarter sales and an increase in adjusted earnings per share.
Carthage, Missouri – Leggett & Platt announced that its second-quarter sales declined by 6% to $1.0 billion compared to the same period last year. The sales decrease included a 5% reduction attributed to divestitures.
The company's adjusted earnings per share (EPS) stood at $0.39, marking a $0.09 increase from the prior year's second quarter. The reported EPS was $0.33.
President and CEO Karl Glassman expressed satisfaction with the company's performance during the quarter, according to a press release. Further details from his commentary were not provided.
Leggett & Platt is a diversified manufacturer that supplies components and products across various industries, including furniture, bedding, and building materials.