LEGGETT & PLATT REPORTS RECORD FIRST QUARTER
LEGGETT & PLATT REPORTS RECORD FIRST QUARTER CARTHAGE, Mo., April 28 /PRNewswire/ -- Leggett & Platt Inc.
(NYSE: LEG) today reported record first quarter sales and earnings in 1992. Sales were $284.7 million (up 8 percent), and fully diluted earnings per share were 75 cents (up 74 percent) -- both compared with recessionary lows for the like quarter a year earlier. Excluding divestitures and acquisitions, sales would have increased 12 percent. A summary of the results of operations for the first quarter in each of the last two years is shown below.
LEGGETT & PLATT INC. (All amounts in thousands, except per share data) Quarter Ended March 31, Percent 1992 1991 Change Net sales $284,709 $263,153 +8 Pre-tax earnings 22,303 12,364 +80 Net earnings 13,896 7,534 +84 Earnings per share Primary $.77 $.43 +79 Fully diluted $.75 $.43 +74 Average shares and share equivalents Primary 18,150 17,575 --- Fully diluted 19,054 18,653 --- For the trailing 12 months through March 31, 1992, the unaudited results of operations are at the following levels. Net sales (millions) $1,103.4 Net earnings (millions) $45.8 Earnings per share Primary $2.56 Fully diluted $2.50 Headquartered in Carthage, Leggett & Platt is a Fortune 500 company that specializes in manufacturing and marketing a broad line of components used by companies making furniture and bedding for homes, offices and institutions. Other home furnishings products include select lines of finished furniture and carpet cushioning materials. A variety of diversified products are also produced and sold in several different markets unrelated to the home furnishings industry. Leggett & Platt's common stock is listed on The New York and Pacific Stock Exchanges under the symbol "LEG". -0- 4/28/92 /CONTACT: J. Richard Calhoon of Leggett & Platt, 417-358-8131/ (LEG) CO: Leggett & Platt Inc. ST: Missouri IN: SU: ERN
MC -- DV003 -- 3599 04/28/92 09:17 EDT
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|Date:||Apr 28, 1992|
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