Leggett (LEG) Q2 Earnings Meet, Sales Miss, 2024 View Down
Leggett & Platt(LEG) ZACKS·2024-08-03 01:17
Leggett & Platt, Incorporated (LEG) reported lackluster results for second-quarter 2024. Earnings matched the analysts' expectation while net sales missed the same. The metrics declined on a year-over-year basis due to persistent weak demand in most of the end markets served. Following the results, the stock plunged 1.2% in the after-hour trading session on Aug 1. For the full year, LEG lowered sales guidance and narrowed adjusted EPS guidance. The company noted that demand in the residential end markets re ...