Leggett & Platt Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2020
February 07, 2021
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Leggett & Platt reports unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2020. For the quarter, Net trade sales were $1,182.0 million against $1,144.9 million reported a year ago. Earnings before interest and taxes were $149.7 million against $135.1 million reported a year ago. Net income were $103.2 million against $86.9 million reported a year ago. Basic EPS was $135.9 against $135.2 reported a year ago. Diluted EPS was $136.2 against $135.8 reported a year ago.
For the full year, Net trade sales were $4,280.2 million against $4,752.5 million reported a year ago. Earnings before interest and taxes were $320.9 million against $430.1 million reported a year ago. Net income were $247.7 million against $333.9 million reported a year ago. Basic EPS was $135.7 against $134.8 reported a year ago. Diluted EPS was $135.9 against $135.4 reported 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.