Leggett & Platt, Incorporated Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 30, 2023 at 04:44 pm EDT
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Leggett & Platt, Incorporated reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 1,175.4 million compared to USD 1,294.4 million a year ago. Net income was USD 52.8 million compared to USD 71.4 million a year ago. Diluted earnings per share from continuing operations was USD 0.39 compared to USD 0.52 a year ago.
For the nine months, sales was USD 3,610.2 million compared to USD 3,950.9 million a year ago. Net income was USD 160.5 million compared to USD 257 million a year ago. Diluted earnings per share from continuing operations was USD 1.18 compared to USD 1.88 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.