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LEGGETT & PLATT REPORTS RESULTS FOR THE YEAR AND FOURTH QUARTER OF 1991

LEGGETT & PLATT REPORTS RESULTS FOR THE YEAR AND FOURTH QUARTER OF 1991
 CARTHAGE, Mo., Feb. 20 /PRNewswire/ -- Leggett & Platt, Incorporated (NYSE: LEG) today reported sales and earnings for the year and the fourth quarter of 1991. For the year, sales were $1.08 billion and fully diluted earnings were $2.18 per share. For the fourth quarter, sales were $256.6 million and fully diluted earnings were $.55 per share.
 In 1990, sales for the year were $1.09 billion and fully diluted earnings were $1.66 per share, including a fourth quarter restructuring charge of $.77 per share. Sales for the fourth quarter were $259.6 million. Including the restructuring charge, the company experienced a net loss of $.36 per share in the fourth quarter of 1990.
 The following is a summary of operations for both of these periods in 1991 and 1990.
 LEGGETT & PLATT, INC.
 (All amounts in thousands, except per share data)
 Years ended Dec. 31: 1991 1990
 Net sales $1,081,845 $1,088,624
 Restructuring charge -- 20,273
 Pre-tax earnings 63,853 50,576
 Net earnings 39,392 29,423
 Earnings per share
 Primary $2.22 $1.67
 Fully diluted 2.18 1.66
 Average shares and share equivalents
 Primary 17,725 17,609
 Fully diluted 18,842 18,698
 Fourth quarter ended Dec. 31: 1991 1990
 Net sales $ 256,566 $ 259,599
 Restructuring charge -- 20,273
 Pre-tax earnings (loss) 16,125 (7,452)
 Net earnings (loss) 10,106 (6,337)
 Earnings per share
 Primary $.56 ($.36)
 Fully diluted .55 (.36)
 Average shares and share equivalents
 Primary 17,875 17,458
 Fully diluted 18,966 17,458
 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 other than the home furnishings industry. The company's common stock is listed on the New York and Pacific Stock Exchanges.
 -0- 2/20/92
 /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-OS -- NY013 -- 0820 02/20/92 09:58 EST
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Publication:PR Newswire
Date:Feb 20, 1992
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