Leggett & platt reports 2q results

Carthage, mo. , aug. 1, 2024 /prnewswire/ -- 2q sales of $1.1 billion, an 8% decrease vs 2q23 2q eps of ($4.39), primarily due to a non-cash goodwill impairment charge 2q adjusted1 eps of $.29, a $.09 decrease vs adjusted1 2q23 eps 2024 eps guidance is ($3.43)–($3.58), including impact of non-cash goodwill impairment charge, restructuring charges, real estate gains, and certain other costs 2024 adjusted1 eps narrowed to $1.10–$1.25; sales guidance lowered to $4.3–$4.5 billion president and ceo karl glassman commented, "while our second quarter results reflect the ongoing challenging macro environment, i am immensely proud of our team's execution.
LEG Ratings Summary
LEG Quant Ranking