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Leggett & Platt Q2 Net Income Declines

Corporate EarningsCompany Fundamentals

Leggett & Platt reported Q2 net earnings attributable to L&P of $47.1M, down from $52.5M a year ago, with EPS falling to $0.33 from $0.38. However, adjusted EBIT rose to $89M from $76M, indicating improving operating profitability despite weaker bottom-line earnings.

Analysis

Leggett & Platt reported Q2 net earnings attributable to L&P of $47.1M, down from $52.5M a year ago, with EPS falling to $0.33 from $0.38. However, adjusted EBIT rose to $89M from $76M, indicating improving operating profitability despite weaker bottom-line earnings.

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