Leggett & Platt, Incorporated Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 02, 2021 at 04:10 pm EDT
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Leggett & Platt, Incorporated announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 1,269.6 million compared to USD 845.1 million a year ago. Net income was USD 112.2 million compared to net loss of USD 6.1 million a year ago. Diluted earnings per share from continuing operations was USD 0.82 compared to diluted loss per share from continuing operations of USD 0.05 a year ago.
For the half year, sales was USD 2,420.5 million compared to USD 1,890.6 million a year ago. Net income was USD 199.7 million compared to USD 38 million a year ago. Diluted earnings per share from continuing operations was USD 1.46 compared to USD 0.28 a year ago.
Leggett & Platt, Incorporated is a manufacturer that conceives, designs, and produces a range of engineered components and products found in many homes and automobiles. The Companyâs segments include Bedding Products, Specialized Products and Furniture, Flooring & Textile Products. Bedding Products segment supplies a variety of components and machinery used by bedding manufacturers in the production and assembly of their finished products, as well as produces private label finished mattresses for bedding brands. Specialized Products segment supplies lumbar support systems, seat suspension systems, motors and actuators, and control cables used by automotive manufacturers. It also produces and distribute tubing and tube assemblies for the aerospace industry and engineered hydraulic cylinders used in the material-handling and construction industries. Furniture, Flooring & Textile Products segment supplies a range of components for residential and work furniture manufacturers.