Daily News
From Home Furnishing Business
Leggett 1Q Earnings Climb 35%
May 1,
2015 by in Financial Reports, Industry 
Industry supplier Leggett & Platt (NYSE: LEG) posted net income of $71.7 million for the first quarter ended March 31, a 35 percent increase over net income of $53.1 million in the same quarter last year.
Net sales for the quarter were $966.2 million, a 10.4 percent increase from $875.5 million in the same period last year.
"Improvement in demand was broad-based, with nearly all of our business units experiencing volume growth during the quarter,” said David Haffner chairman and CEO. “We continue to benefit in particular from the bedding market's shift to Comfort Core springs, from significant new programs our adjustable bed unit won in 2014, and from ongoing content gains and new program awards in our automotive business.”
Leggett & Platt’s complete earnings release is available online.