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Leggett & Platt Inc Reaffirms FY 2012 EPS Guidance


Thursday, 10 Jan 2013 04:05pm EST 

Leggett & Platt Inc announced that it anticipates a fourth quarter unusual, non-cash net tax benefit of approximately $27 million, or $.18 per share. This benefit results primarily from the elimination of a valuation allowance on the company's Canadian deferred tax assets. Apart from this unusual tax benefit, the Company's fiscal 2012 EPS guidance has not changed from the $1.45-$1.52 issued in October. The tax benefit is expected to increase EPS by approximately $0.18; as a result, fiscal 2012 EPS is now expected to be in the range of $1.63-$1.70. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $1.49 for fiscal 2012. 

Company Quote

33.59
0.72 +2.19%
25 Jul 2014