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Leggett & Platt Reports 4Q And Full Year 2020 Results And Announces 1Q Dividend


Leggett & Platt Reports 4Q And Full Year 2020 Results And Announces 1Q Dividend
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4Q sales grew 3% vs 4Q19, to $1.182 billion
4Q EPS was a fourth quarter record $.76, an increase of $.12 vs 4Q19
2020 sales decreased 10% vs 2019, to $4.28 billion
2020 EPS was $1.82 and 2020 adjusted
1 EPS was $2.13, decreases vs 2019
2020 cash flow from operations was $603 million
Board of Directors declared first quarter dividend of $.40 per share
2021 guidance: sales of $4.6–$4.9 billion and EPS of $2.30–$2.60
Chairman and CEO Karl Glassman commented, We are pleased to have delivered a strong fourth quarter to end a very challenging 2020. Fourth quarter sales, EBIT, EBIT margin, and earnings per share increased versus the fourth quarter of 2019. For the full year, we generated strong operating cash flow, reduced debt levels, maintained significant liquidity, and increased the dividend for the 49 ....

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