Leggett & Platt Earning Rise But Revenues Fall

Carthage, MO, Oct. 23, 2009--Cost-cutting helped carpet underlayment and furniture parts maker Leggett & Platt Inc. boost profit in the third quarter despite a big drop in sales.

Leggett said it earned $54.3 million, or $0.34 per share, in the third quarter, up from $32.7 million, or $0.20 per share, a year ago.

Revenue tumbled 28 percent to $810 million.