CEO David Haffner

Furniture parts maker Leggett & Platt Inc. raised its forecast for full-year profit after third-quarter results topped Wall Street expectations. Leggett said Thursday it expects full-year sales of $3 billion and earnings between 65 and 75 cents per share, up from its previous outlook of 55 cents to 70 cents per share. Analysts surveyed by Thomson Reuters have been expecting profit of 64 cents per share on sales of $3.04 billion. In raising its guidance, the company cited expectations of higher profit margins and its third-quarter earnings of $54.3 million, or 34 cents per share — 6 cents better than analysts had predicted. Cost-cutting ... Read Full Story

Shares of Leggett & Platt Inc. rose on Friday, a day after it raised its forecast for full-year profit and third-quarter results topped Wall Street expectations. Also, Standard & Poor's on Friday upgraded Leggett to "Hold" from "Sell." The shares rose $1.39, or 7 percent, to $20.80 in midday trading. Leggett & Platt, based in Carthage, Mo., makes an array of products from bedding and furniture parts to chair parts for office suppliers. It also makes parts for car seats and seatbelt cables. The company said Thursday that it now expects full-year profit of 65 cents to 75 cents per share. S&P analyst Ken ... Read Full Story

Cost-cutting efforts helped furniture parts maker Leggett & Platt Inc. boost profit in the third quarter despite a big drop in sales. The company on Thursday also raised its full-year profit forecast. Leggett & Platt makes parts for furniture and mattresses. Sales of household goods have been hurt by the recession and the slump in the housing market. The company said demand remained weak but stable across its businesses. Leggett said it earned $54.3 million, or 34 cents per share, in the third quarter, up from $32.7 million, or 20 cents per share, a year ago. Revenue tumbled 28 percent to $810 million. But ... Read Full Story

Adjustable beds are perfect for those with really active lifestyle who would like to retire to sleep at the end of the night to a bed that sends soothing comfort. Whether recommended by your physician or your own personal comfort choice, the Orthomatic Adjustable Bed by Leggett Platt will bring you the ultimate in relaxation, deep sleep and good health, to a higher degree than other products such as Craftmatic adjustable beds. With your remote control wand, you can adjust your back and legs to any position you desire and enjoy hours of soothing wave massages from head to foot. We have two adjustable ... Read Full Story

Fulton Innovation today announced that it will unveil its latest partnerships – including Texas Instruments, Energizer, and Bosch Power Tools – and eCoupled-enabled products at the 2009 International Consumer Electronics Show (CES) at the Las Vegas Convention Center January 8 to 11, 2009. Fulton’s booth, located in Central Hall Booth 7916, will feature over a dozen new applications and products that will demonstrate wireless power in the home, office, garage, and beyond. From kitchen appliances to personal devices, Fulton will demonstrate how eCoupled’s intelligent wireless power is a smart, safe, and innovative way to make life easier by powering devices in low, medium, and ... Read Full Story