Printer Friendly

LEGGETT & PLATT REPORTS RECORD RESULTS FOR THIRD QUARTER AND FIRST NINE MONTHS

 LEGGETT & PLATT REPORTS RECORD RESULTS
 FOR THIRD QUARTER AND FIRST NINE MONTHS
 CARTHAGE, Mo., Oct. 29 /PRNewswire/ -- Leggett & Platt, Incorporated (NYSE, PSE: LEG) today reported record earnings for the third quarter and the first nine months of 1992. For the quarter, fully diluted earnings were $.46 per share, up 39 percent over the same period of 1991. For the nine months, fully diluted earnings increased 51 percent to $1.22 per share. Leggett & Platt has now achieved new quarterly highs in earnings per share in the first three quarters of 1992.
 Sales also increased to record levels in the first three quarters. For this year's third quarter, sales were $304.3 million, up 9 percent over the same period of 1991. For the nine months, sales increased 6 percent to $873.0 million. Excluding operations acquired or divested, sales increased 6 percent in the third quarter and 7 percent in the first nine months. These sales patterns reflected Leggett's divestiture of some urethane foam operations in mid-1991, plus Leggett's acquisition of four small businesses ... two in the second half of 1991 and two in July of 1992.
 Following is a comparison of the unaudited results of operations for the third quarter and nine month periods ended Sept. 30, 1992 and 1991.
 LEGGETT & PLATT, INCORPORATED
 (All amounts in thousands, except per share data)
 Quarter ended Sept. 30 : 1992 1991 Pct. Change
 Net sales $304,318 $279,231 + 9
 Pre-tax earnings 28,645 19,592 +46
 Net earnings 17,772 12,029 +48
 Earnings per share(A)
 Primary .46 .34 +35
 Fully diluted .46 .33 +39
 Average shares and share outstanding(A)
 Primary 38,645 35,586
 Fully diluted 38,671 37,719
 Nine month ended Sept. 30 1992 1991 Pct. Change
 Net sales $872,953 $825,279 + 6
 Pre-tax earnings 74,244 47,728 +56
 Net earnings 46,481 29,286 +59
 Earnings per share(A)
 Primary 1.23 .83 +48
 Fully diluted 1.22 .81 +51
 Average shares and share outstanding(A)
 Primary 37,721 35,351 --
 Fully diluted 38,348 37,508 --
 (A) -- Previously reported per share data have been restated to reflect a June 15, 1992 two-for-one stock split.
 The company further reported that the unaudited results of operations for the trailing twelve months through Sept. 30, 1992 were at the following record levels.
 Net sales (millions) $1,129.5
 Net earnings (millions ) 56.6
 Earnings per share
 Primary 1.51
 Fully diluted 1.50
 Headquartered in Carthage, Leggett & Platt, Incorporated 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 income furnishings products include select lines of sleep-related 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. The company's common stock is listed on The New York and Pacific Stock Exchanges.
 -0- 10/29/92
 /CONTACT: J. Richard Calhoon, vice president-investor relations of Leggett & Platt, Incorporated, 417-358-8131/
 (LEG) CO: Leggett & Platt, Incorporated ST: Missouri IN: HOU SU: ERN


TS-OS -- NY017 -- 6439 10/29/92 09:32 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 29, 1992
Words:526
Previous Article:PITTSBURGH POST-GAZETTE TO BUY PITTSBURGH PRESS
Next Article:HILLHAVEN ANNOUNCES OFFERING OF $65,000,000 CONVERTIBLE SUBORDINATED DEBENTURES
Topics:


Related Articles
LEGGETT & PLATT INCREASES DIVIDEND
LEGGETT DECLARES SECOND QUARTER DIVIDEND, HOLDS ANNUAL MEETING AND ADDS NEW MEMBERS TO THE BOARD OF DIRECTORS
Leggett Increases Dividend; Adds New Director
Leggett Declares Second Quarter Dividend and Holds Annual Meeting
Leggett Reports Record Third Quarter Results
FURNITURE BRIEFS.
FURNITURE NEWS.
Leggett & Platt.
Leggett Announces First Quarter Dividend and Appoints Presiding Director.
Leggett Reports Third Quarter Earnings of $.29 Per Share.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters