Leggett & Platt, Incorporated Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 31, 2023 at 09:42 pm
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Leggett & Platt, Incorporated reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 1,221.2 million compared to USD 1,334.2 million a year ago. Net income was USD 54.2 million compared to USD 95.2 million a year ago. Diluted earnings per share from continuing operations was USD 0.4 compared to USD 0.7 a year ago.
For the six months, sales was USD 2,434.8 million compared to USD 2,656.5 million a year ago. Net income was USD 107.7 million compared to USD 185.6 million a year ago. Diluted earnings per share from continuing operations was USD 0.79 compared to USD 1.36 a year ago.
Leggett & Platt, Incorporated is a manufacturer that conceives, designs, and produces a range of engineered components and products found in many homes and automobiles. The Companyâs segments include Bedding Products, Specialized Products and Furniture, Flooring & Textile Products. Bedding Products segment supplies a variety of components and machinery used by bedding manufacturers in the production and assembly of their finished products, as well as produces private label finished mattresses for bedding brands. Specialized Products segment supplies lumbar support systems, seat suspension systems, motors and actuators, and control cables used by automotive manufacturers. It also produces and distribute tubing and tube assemblies for the aerospace industry and engineered hydraulic cylinders used in the material-handling and construction industries. Furniture, Flooring & Textile Products segment supplies a range of components for residential and work furniture manufacturers.