L&P 4Q sales dip 2.2%; refund boosts income

Thomas, Larry
February 2007
Furniture/Today;2/5/2007, Vol. 31 Issue 22, p26
Trade Publication
The article focuses on the fourth-quarter financial results of Legget & Platt (L&P), a supplier of furniture and bedding components. The article states that a dip in sales accounted to 2.2%, while the net income increased to 54.5% due to a refund of Canadian lumber duties and lower restructuring costs. The vice-president of L&P, Karl Glassman hopes of an increase in demand for upholstered furniture components in the year 2007.


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