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Stock Market & Financial Investment News

News Breaks
June 2, 2014
04:55 EDTLEG, LEG, LEGLeggett & Platt management to meet with SunTrust
Meetings to be held in Dallas/Houston on June 4 and in Denver on June 5 hosted by SunTrust.
News For LEG From The Last 14 Days
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February 1, 2016
16:14 EDTLEGLeggett & Platt sees FY16 CapEx about $130M
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16:13 EDTLEGLeggett & Platt sees FY16 EPS $2.30-$2.50, consensus $2.34
Sees FY16 revenue $3.9B-$4.1B, consensus $4.17B. Unit volume growth is expected to be in the mid-to-high single digits as a result of continued strong demand in many of the company's product categories, and improvement in the majority of its end markets. As partial offsets to the volume growth, sales guidance includes a 2-3% reduction from commodity deflation, and a 2% decrease from the Steel Tubing divestiture completed in late December. Based upon this sales guidance, 2016 EBIT margin is expected to approximate 2015's adjusted EBIT margin. The benefit to margin from higher unit volume is anticipated to be largely offset by non-recurrence of the 2015 pricing lag. This guidance framework assumes that commodity prices (primarily steel) stabilize near current levels.
16:12 EDTLEGLeggett & Platt reports Q4 adjusted EPS 64c, consensus 51c
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