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Leggett & Platt Reports Record 2Q Results | Furniture World Magazine


Furniture World News
By Nic Ledoux on
8/3/2021
Diversified manufacturer Leggett & Platt reported record quarterly sales in second quarter of $1.27 billion, a 50% increase versus second quarter last year.
Organic sales were up 50%
Volume was up 31%, reflecting strong recovery in most of their businesses and increased demand versus 2Q 2020, which was significantly impacted by the COVID-19 pandemic
Raw material-related selling price increases of 16% and currency benefit of 3% added to sales growth
Acquisitions and divestitures offset each other
Second quarter EBIT was $172 million, up $149 million from second quarter 2020. Adjusted EBIT was $144 million, a second quarter record and an increase of $94 million from second quarter 2020 adjusted2 EBIT ....

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