Leggett & Platt 1st-Quarter Sales Rise 12%

Diversified manufacturer and mattress industry supplier Leggett & Platt Inc. reported earnings per share of $0.45 on net income of $61.1 million in the first quarter of fiscal 2019, a 21% drop compared with the same quarter of 2018, the Carthage, Missouri-based company said. L&P posted sales of $1.16 billion, 12% higher than in the […]

Leggett & Platt Closes Fashion Bed Group

Diversified manufacturer and industry supplier Leggett & Platt Inc. announced March 25 it is closing its Fashion Bed Group operations. L&P said FBG would continue to service customers for several weeks until inventories were depleted. The closure affects L&P facilities at three sites — Atlanta; Bedford Park, Illinois; and Whittier, California. FBG was a wholesaler […]

Leggett & Platt Reports Full-Year Sales Increase of 8%

Leggett & Platt Reports Full-Year Sales Increase of 8%

Carthage, Missouri-based Leggett & Platt Inc. surpassed Wall Street expectations (Zacks Consensus Estimate) in its fourth quarter of 2018. The company posted quarterly sales of $1.05 billion, a 6% increase over the fourth quarter of 2017, on flat volume. L&P had adjusted earnings per share of $0.62 (9% above analysts’ forecasts), reflecting a 5% rise […]

Leggett & Platt sales rise 7% in 1st quarter

Leggett & Platt sales rise 7% in 1st quarter

Inflation played a big role in Leggett & Platt Inc.’s financial results for the first quarter of 2018, which ended March 31. Net sales of the Carthage, Missouri-based supplier rose 7% to $1.03 billion for the first fiscal quarter, compared with the same period a year ago. Raw material-related price increases and currency impact accounted […]

Gribetz International Unveils New Quilter

Gribetz International Unveils New Quilter

Gribetz International, a division of Carthage, Missouri-based Leggett & Platt Inc.’s Global Systems Group, has introduced a unique multihead quilting machine with “distinct needle control technology,” the company said in a news release. The new Spectrum quilter was introduced in at the furniture components show Interzum May 16-19 in Cologne, Germany. It uses newly developed […]

Leggett & Platt EPS Breaks First Quarter Earnings Record

Industry supplier Leggett & Platt announced first-quarter earnings per share of $0.63 on net earnings of $89.5, a 26% increase and 25% increase, respectively, compared with the first quarter of 2015. EPS represented a first-quarter record for the Carthage, Missouri-based company. First quarter sales declined 3% to $938 million due to raw material-related price deflation […]

Leggett & Platt to Close Colorado Springs Plant

Leggett & Platt to Close Colorado Springs Plant

Industry supplier Leggett & Platt Inc., headquartered in Carthage, Missouri, is closing its mattress spring plant in Colorado Springs, Colorado, on June 1. According to a story in the Denver Post, 64 workers will be laid off. In the story, Michael Altman, director of labor relations for L&P, said the company is consolidating its operations. […]

Leggett & Platt launches funny Web series about innersprings, of course

Industry supplier Leggett & Platt, based in Carthage, Missouri, has introduced a tongue-in-cheek, six-episode Web series to promote its Quantum Edge Steel Perimeter innerspring unit. The encased-coil unit, which launched several years ago, eliminates the need for foam encasements when constructing a mattress and is built to create a consistent sleep surface from edge to […]

Leggett & Platt EPS Sets Quarterly Record

BRIEFLY L&P third-quarter snapshot Sales from continuing operations $1.01 billion Earnings per share $0.67 Residential Furnishings Segment sales Down 1% Industrial Materials Segment sales Down 14% Industry supplier Leggett & Platt reported third-quarter sales from continuing operations of $1.01 billion, a 1% increase compared with the prior-year quarter, and a new quarterly record for the […]

Leggett & Platt reports record quarterly EPS

BRIEFLY Second-quarter snapshot Sales from continuing operations $997 million Earnings per share $0.54 Residential Furnishings Segment sales Up 10% Industrial Materials Segment sales Down 9% Industry supplier Leggett & Platt, with headquarters in Carthage, Missouri, reported sales from continuing operations for the second quarter of fiscal 2015 were $997 million, an increase of 4% when […]

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