September 6, 2017 / 8:16 PM / 3 months ago

BRIEF-Leggett & Platt reduces full-year EPS guidance

Sept 6 (Reuters) - Leggett & Platt Inc

* Leggett & Platt reduces full-year EPS guidance and reports divestiture of remaining CVP operation

* Sees FY sales $3.9 billion to $4.0 billion

* Sees FY 2017 earnings per share $2.44 to $2.54

* Sees FY 2017 adjusted earnings per share $2.40 to $2.50

* Leggett & Platt Inc - ‍cash from operations is expected to approximate $425 million for year​

* Leggett & Platt Inc - ‍reduction in FY EPS guidance primarily reflects renewed inflation of steel costs, a related increase in estimated LIFO expense​

* FY2017 earnings per share view $2.60, revenue view $3.95 billion -- Thomson Reuters I/B/E/S

* Leggett & Platt Inc - ‍reduction in FY EPS guidance also reflects demand weakness in furniture and bedding retail markets​ Source text for Eikon: Further company coverage:

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