Leggett & Platt Inc (LEG)

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"Leggett & Platt Reports Record 2Q Results"

• 2Q sales were a quarterly record1 $1.27 billion, a 50% increase vs 2Q20
• 2Q EBIT was $172 million, an increase of $149 million vs 2Q20
• 2Q record adjusted2 EBIT was $144 million, up $94 million vs 2Q20
• 2Q EPS was $.82, up $.87 vs 2Q20; 2Q adjusted2 EPS was $.66, up $.51 vs 2Q20 adjusted2 EPS
• Acquired Kayfoam, an Ireland-based provider of specialty foam and finished mattresses
• Increasing 2021 guidance: sales of $4.9–$5.1 billion; EPS of $2.86–$3.06; adjusted2 EPS of $2.70–$2.90