Tickerlog
Monday 7th of February 2022 01:15:42 PM

Leggett & Platt GAAP EPS of $0.77 beats by $0.04, revenue of $1.33B beats by $40M

  • Leggett & Platt press release (NYSE:LEG): Q4 GAAP EPS of $0.77 beats by $0.04.
  • Revenue of $1.33B (+12.7% Y/Y) beats by $40M.
  • Organic sales were up 11%.
  • EBIT margin was 11.4%, down from 13.2% in the fourth quarter of 2020.
  • 2022 Guidance: Sales are expected to be $5.3–$5.6 billion, +4% to +10% versus 2021.
  • Volume expected to be flat to up mid-single digits.
  • Raw material-related price increases expected to add sales growth.
  • Small acquisitions completed in 2021 expected to add 1%.
  • EPS is expected to be $2.70–$3.00.
  • Based on this framework, EBIT margin should be 10.5% to 11.0%.
  • Operating cash flow approximately $600 million.
  • Capital expenditures $150 million.
  • Dividends $230 million.

LEG

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