Diversified manufacturer Leggett & Platt reported first quarter sales of $960 million, an increase of 2 percent versus first quarter 2016, with earnings of $0.62 per share, a decline of $0.01 per share compared to Q1 2016.
For the full-year 2017, the company expects that sales growth will contribute to strong earnings. EPS is expected to be $2.55 to $2.75 for the year. Sales are anticipated to be $3.95-4.05 billion, which equates to growth of 5 percent to 8 percent. Volume growth is expected to be in the mid-single digits, from strength in Automotive, Bedding, Adjustable Bed, Work Furniture, and Geo Components. Raw material-related price increases should also contribute to sales growth.