Leggett & Platt report record EBIT in Q1 of 2021
In Q1 of 2021, L&P reported record growth in EBIT, along with a 10% increase in Q1 sales since 2020. L&P attribute the record EBIT growth to volume growth, low fixed costs, and several costs that were written off during the year. This set the company up for growth for the rest of 2021 and positioned the company to flourish in 2022.
Competition|New Activity|Structural|Discontinued ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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