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News Breaks
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December 28, 2011
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| 16:09 EDT |  | LEG |
| theflyonthewall.com: | Leggett & Platt CEO comments on restructuring-related charge | | CEO David Haffner commented: "Two months ago we disclosed our belief that the U.S. economy will face headwinds for longer than we previously expected. We also mentioned that we were turning our focus to actions that would yield improved ongoing profitability; that focus, and our view of continuing demand weakness in certain markets, led to the current restructuring activity and recognition of impairments. We have decided to close some production facilities, trim our cost structure, and reduce overhead. Importantly, full year underlying operational results appear to be in line with the expectations we shared in our October earnings release." :theflyonthewall.com |
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May 15, 2012
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| 10:43 EDT |  | LEG |
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