Furniture and bedding components company Leggett & Platt agreed to pay a $39,8 million settlement in an antitrust lawsuit filed against the company over the sales of polyurethane foam.
Emerald Ash Borers will spare 30-40% or more of the blue ash, and 20-30% of the white ash. The wood industry's most viewed report has video on reclaimed dead ash. Also popular: birch plywood Teardrop Trailer production.
Leggett & Platt said it may divest its store fixtures operations as the business unit continues its financial struggles. An investment banker has been retained to explore strategic alternatives.
Leggett & Platt is buying up Tempur Sealy's innerspring components business for $48 million. The sale includes Tempur Sealy's three U.S. innerspring production facilities and equipment, along with associated working capital.
Residential furnishings and fixture maker Leggett & Platt's fourth quarter sales increased 5.2%, making it the strongest quarterly sales growth achieved during 2013, the company said.
Diversified manufacturer Leggett & Platt announced record full-year adjusted[1] EPS from Continuing Operations of $1.54 for 2013, a 5% improvement over comparable 2012 EPS of $1.47, and within the company's October guidance range of $1.50 - 1.55.
Leggett & Platt, a diversified manufacturer of store fixtures, furniture supplies and other products, lowered its forecast for sales growth this year from between 2% and 6% to between 1% and 4%, reflecting softer than anticipated sales in some of its key markets.