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Monday, Feb 4
More on Leggett & Platt (LEG) Q4 comes in mixed, missing on its top line but beating on a...
More on Leggett & Platt (LEG) Q4 comes in mixed, missing on its top line but beating on a per share basis despite total sales being flat Y/Y. Net earnings soared however, as the diversified manufacturer posted a tax credit and margins widened to 20.8% from 16.7%. The company widens its FY13 earnings outlook, now expecting between $1.50 to $ 1.75 a share, largely due to higher expected sales and growing margins. Sales growth is expected to be in the range of 1% and 6%, which computes to around $3.75B to $3.95B in sales.