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April 2, 2020, 4:34 p.m. EDT

Leggett & Platt pulls full-year guidance because of coronavirus

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By Wallace Witkowski

LEG

Leggett & Platt Inc. /zigman2/quotes/206009340/composite LEG -4.82% said late Thursday it was pulling its guidance for the year in response to the COVID-19 coronavirus pandemic. In a statement, the bed component and furniture maker said it "has experienced significant reductions in demand in many of its markets," and as a result it "has temporarily closed some facilities." Leggett shares rose 1.9% after hours, following a 0.9% decline to close the regular session at $24.21. Analysts surveyed by FactSet had forecast full-year earnings of $2.42 a share on revenue of $4.75 billion, after Leggett had forecast earnings of $2.40 to $2.60 a share on revenue of $4.7 billion to $4.9 billion back in early February.

/zigman2/quotes/206009340/composite
US : U.S.: NYSE
$ 30.59
-1.55 -4.82%
Volume: 8.15M
May 29, 2020 4:00p
P/E Ratio
13.02
Dividend Yield
5.23%
Market Cap
$4.05 billion
Rev. per Employee
$193,977
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