Brief: Leggett & Platt Lowers Full-Year Guidance And Announces Recent Acquisitions

Leggett & Platt

10/10/2022 21:21

Oct 10 (Reuters) - Leggett & Platt Inc  LEG.N :
    * LEGGETT & PLATT LOWERS FULL-YEAR GUIDANCE AND ANNOUNCES
RECENT
ACQUISITIONS
    * FULL YEAR 2022 SALES GUIDANCE LOWERED TO $5.1-$5.2 BILLION
    * FULL YEAR 2022 EPS GUIDANCE REDUCED TO $2.30-$2.45
    * FY2022 EARNINGS PER SHARE VIEW $2.71, REVENUE VIEW $5.32
BILLION
-- REFINITIV IBES DATA
    * INCREASINGLY CHALLENGED GLOBAL ECONOMIC ENVIRONMENT
EXPECTED TO
RESULT IN LOWER THAN ANTICIPATED SALES, EARNINGS IN Q3 AND Q4
    * DEMAND IN U.S. BEDDING MARKET IS FAIRLY STABLE BUT REMAINS
AT
RELATIVELY WEAK LEVELS AS INDUSTRY HEADWINDS PERSIST

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