Leggett & Platt Q4 Revenue Beats Estimates Despite 11.2% Decline, EPS Flat
Leggett & Platt reported Q4 revenue of $938.6M, down 11.2% but 0.7% above estimates, with EPS of $0.22 in line with prior year and 1.1% below consensus. Organic sales fell 6% (bedding -10%, specialized -4%, furniture -2%), and bedding EBIT surged to $25.5M as specialized product EBIT climbed to $24.3M.
1. Q4 Results Overview
Leggett & Platt reported Q4 revenue of $938.6M, down 11.2% year-over-year but 0.7% above estimates. EPS was $0.22, matching prior year and 1.1% below consensus projections.
2. Organic Sales Trends
Overall organic sales declined 6%, with bedding products down 10%, specialized products down 4%, and furniture, flooring and textile products down 2%.
3. Segment Profitability Beats
Bedding segment EBIT surged to $25.5M versus a $12.8M estimate and specialized product EBIT rose to $24.3M versus $17.3M, while furniture segment EBIT fell short at $7.4M against $12.0M estimates.
4. Next Quarter and Fiscal Projections
Analysts project next-quarter EPS of $0.25 on $952.8M revenue and full-year EPS of $1.07 on $3.93B revenue, indicating modest improvement expectations.