Leggett & Platt Reports Q4 EPS of $.21 vs. $.23

Leggett & Platt LEG reported fourth quarter earnings per diluted share of $.21. In the fourth quarter of 2009, earnings from Continuing Operations were $.26 per share. Fourth quarter 2010 earnings benefited from higher unit volumes and lower effective tax rates; these factors were more than offset by a net change in LIFO impact (of $.09 per share) and higher-cost raw materials. Fourth quarter 2010 sales from Continuing Operations were $802 million, a 4% (or $32 million) increase versus the prior year. Same location sales grew 6%, primarily from unit volume growth in the Specialized Products and Industrial Materials segments.