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LEGGETT & PLATT REPORTS RECORD SECOND QUARTER AND FIRST HALF RESULTS

LEGGETT & PLATT REPORTS RECORD SECOND QUARTER AND FIRST HALF RESULTS
 CARTHAGE, Mo., July 30 /PRNewswire/ -- Leggett & Platt, Incorporated (NYSE: LEG; Pacific) today reported record sales and earnings for the second quarter and the first six months of 1992. Net earnings for the quarter increased to $.39 per share on sales of $283.9 million. With continuing improvement in profit margins, earnings per share were up 44 percent over fully diluted earnings of $.27 per share for the second quarter of 1991. Sales for the quarter were up fractionally. However, excluding operations divested or acquired in 1991, sales would have increased three percent.
 For the first six months of 1992, fully diluted earnings were $.76 per share, up 58 percent from the first half of 1991. Sales of $568.6 million for the first half of 1992 were up four percent. Excluding divestitures and acquisitions, first half sales would have increased eight percent.
 The following is an unaudited summary of operations for the second quarter and the first half of this year compared with each respective period of 1991. As shown, primary and fully diluted earnings per share were the same in the second quarter of 1992. This reflected the March 1992 conversion of the company's previously outstanding convertible subordinated debentures into 2.1 million additional shares of Leggett stock, adjusted for the June 15, 1992 two-for-one stock split. As a result of the conversion, the average number of primary shares outstanding in the second quarter increased to the same level as fully diluted shares. Prior to the conversion, fully diluted earnings per share were calculated as of the debentures had already been converted.
 LEGGETT & PLATT
 (All amounts in thousands, except per share data)
 Quarter ended June 30 1992 1991 Percent Change
 Net sales $283,926 $282,895 + .4
 Pre-tax earnings 23,296 15,772 +47.7
 Net earnings 14,813 9,723 +52.4
 Earnings Per Share(A)
 Primary $.39 $.28 +39.3
 Fully diluted $.39 $.27 +44.4
 Average Shares And
 Share Equivalents(A)
 Primary 38,219 35,318
 Fully diluted 38,219 37,470
 Six months ended June 30 1992 1991 Percent Change
 Net sales $568,635 $546,048 + 4.1
 Pre-tax earnings 45,599 28,136 +62.1
 Net earnings 28,709 17,257 +66.4
 Earnings Per Share(A)
 Primary $.77 $.49 +57.1
 Fully diluted $.76 $.48 +58.3
 Average Shares And
 Share Equivalents(A)
 Primary 37,260 35,234
 Fully diluted 38,179 37,419
 (A) Per share data for 1991 is restated to reflect a June 15, 1992 two-for-one stock split.
 The company also reported that the unaudited results of operations for the trailing twelve months through June 30, 1992 were at the following levels.
 Net sales (millions) $1,104.4
 Net earnings (million) 50.8
 Earnings per share
 Primary 1.39
 Fully diluted 1.37
 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 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.
 -0- 7/30/92
 /CONTACT: J. Richard Calhoon, vice president-investor relations of Leggett & Platt, 417-358-8131/
 (LEG) CO: Leggett & Platt Incorporated ST: Missouri IN: HOU SU: ERN


TS-SM -- NY014 -- 4966 07/30/92 09:31 EDT
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Date:Jul 30, 1992
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