Leggett & Platt Q4 Profit Rises - Quick Facts

(RTTNews) - Leggett & Platt Incorporated (LEG)reported fourth-quarter net income to company of $20.6 million or $0.14 per share, compared to $5.6 million or $0.04 per share, prior year. Adjusted earnings per share from continuing operations was $0.41, for the quarter.

On average, seven analysts polled by Thomson Reuters expected the company to report profit per share of $0.45 for the quarter. Analysts' estimates typically exclude special items.

Net sales from continuing operations increased 11% to $953.3 million from $859.2 million last year. Analysts expected revenue of $947.24 million for the quarter. Same location sales improved 6% due to strong volume gains in most of the company's Residential businesses, Automotive, and Work Furniture. Acquisitions contributed 5% to sales growth.