Company profile

Ticker
LEG
Exchange
CEO
Karl G. Glassman
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
SEC CIK
IRS number
440324630

LEG stock data

(
)

Calendar

6 Aug 19
17 Oct 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Revenue 1.3B 1.24B 1.13B 1.18B
Net income 86.2M 61.2M 53M 90M
Diluted EPS 0.64 0.45 0.39 0.67
Net profit margin 6.65% 4.93% 4.69% 7.66%
Operating income* 85.5M 126.4M
Net change in cash 26.4M -4.8M -95.4M -82.9M
Cash on hand 289.7M 263.3M 268.1M 363.5M
Cost of revenue 943.5M 922.1M 833.5M 864.4M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 4.6B 4.24B 4.13B 4.38B
Net income 305.9M 292.6M 385.8M 325.1M
Diluted EPS 2.26 2.13 2.76 2.28
Net profit margin 6.65% 6.90% 9.35% 7.42%
Operating income* 445.1M 475.4M 525.5M 486.8M
Net change in cash -258M 244.2M 28.7M -79.6M
Cash on hand 268.1M 526.1M 281.9M 253.2M
Cost of revenue 3.38B 3.06B 2.85B 2.99B

Financial data from company earnings reports. *Asterisk values are approximate.

Financial report summary

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Management Discussion
  • Sales were $1,213 million in the current quarter, a 10% increase versus the same quarter last year. Acquisitions added 16% to sales growth in the quarter. Same location sales decreased 6%, with volume down 6%. Business we exited in connection with the 2018 Restructuring Plan accounted for 3% of the decline. A negative currency impact of 2% was offset by raw material-related selling price inflation of 2% from increases implemented in 2018.
  • Earnings Per Share (EPS) increased to $.64 in the current year, versus $.63 in the second quarter of 2018, primarily from lower raw material costs (including LIFO benefit) and earnings contributions from acquired businesses, partially offset by lower volume in several businesses, higher interest expense and a higher effective tax rate.
  • Earnings Before Interest and Taxes (EBIT) increased 12%, to $136 million, primarily from lower raw material costs (including LIFO benefit) and earnings contributions from acquired businesses net of amortization expense, partially offset by lower volume in several businesses and other smaller items.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Good
New words: affirmative, de, deflating, deflation, essentially, expedited, ramp, Spring, swift
Removed: annulled, appealed, April, begin, claim, cold, counsel, existing, expanding, favor, fully, GILTI, heavily, hot, investigation, nullifying, resolved, rolled, substantial, upholding