trending Market Intelligence /marketintelligence/en/news-insights/trending/hl-mP8rLvnVfFilBNXSPww2 content esgSubNav
In This List

Leggett & Platt profit misses consensus by 17.8% in Q1

Blog

Capital Markets Activity Infographic: SPAC Volume Rises in Q3; Equity Issuance Drops but Remains Strong in Several Sectors

Blog

Asset Owner Perspectives on Climate Change Measurement, Management, and Reporting in Australia

Blog

How Financial Institutions are Managing Exposure to U.S. Municipals

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure


Leggett & Platt profit misses consensus by 17.8% in Q1

Leggett & Platt Inc. said its first-quarter normalized net income was 48 cents per share, compared with the S&P Capital IQ consensus estimate of 59 cents per share.

EPS declined year over year from 50 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $66.9 million, a decrease of 5.8% from $71.0 million in the prior-year period.

The normalized profit margin declined to 7.0% from 7.6% in the year-earlier period.

Total revenue increased year over year to $960.3 million from $938.4 million, and total operating expenses grew year over year to $845.8 million from $815.0 million.

Reported net income fell on an annual basis to $85.6 million, or 62 cents per share, from $89.0 million, or 63 cents per share.