Earnings summaries and quarterly performance for LEGGETT & PLATT.
Executive leadership at LEGGETT & PLATT.
Karl Glassman
Detailed
President and Chief Executive Officer
CEO
Benjamin Burns
Detailed
Executive Vice President and Chief Financial Officer
J. Tyson Hagale
Detailed
Executive Vice President, President — Bedding Products
Jennifer Davis
Detailed
Executive Vice President and General Counsel
R. Samuel Smith Jr.
Detailed
Executive Vice President, President — Specialized Products and Furniture, Flooring & Textile Products
Board of directors at LEGGETT & PLATT.
Research analysts who have asked questions during LEGGETT & PLATT earnings calls.
Keith Hughes
Truist Financial Corporation
5 questions for LEG
Also covers: AMRZ, AWI, BLD +21 more
Susan Maklari
Goldman Sachs Group Inc.
5 questions for LEG
Also covers: ALH, AOS, AWI +24 more
Peter Keith
Piper Sandler & Co.
4 questions for LEG
Also covers: ARHS, BBY, BOOT +18 more
Robert Griffin
Raymond James & Associates, Inc.
3 questions for LEG
Also covers: ARKO, CASY, LZB +7 more
Alessandra Jimenez
Raymond James & Associates, Inc.
2 questions for LEG
Also covers: PRG, SNBR
Alexia Morgan
Piper Sandler
2 questions for LEG
Also covers: BYON, COOK, FND +3 more
Bobby Griffin
Raymond James Financial
1 question for LEG
Also covers: ARKO, CASY, DLTR +10 more
Charles Perron-Piché
Goldman Sachs
1 question for LEG
Also covers: AZEK, BLDR, DHI +4 more
Judy Merrick
Truist Securities
1 question for LEG
Recent press releases and 8-K filings for LEG.
Leggett & Platt Confirms Unsolicited Acquisition Proposal
LEG
M&A
Takeover Bid
- Leggett & Platt (LEG) has confirmed receipt of an unsolicited proposal from Somnigroup International Inc. (SGI) to acquire all its outstanding shares.
- The proposal is an all-stock transaction, non-binding, and subject to due diligence, with the exchange ratio "to be agreed".
- Leggett & Platt's Board of Directors will review the proposal, and shareholders are advised that no action is required at this time.
Dec 1, 2025, 12:15 PM
Leggett & Platt Reports Q3 2025 Results and Updates Full-Year Guidance
LEG
Earnings
Guidance Update
Demand Weakening
- Leggett & Platt reported Q3 2025 sales of $1.0 billion, representing a 6% decrease year-over-year, and adjusted EPS of $0.29, down $0.03 year-over-year.
- Operating cash flow for Q3 2025 was $126 million, an increase of $30 million year-over-year.
- The company reaffirmed the midpoint of its 2025 sales guidance at $4.0-$4.1 billion and adjusted EPS guidance at $1.00-$1.10, while narrowing the guidance ranges for both.
- As of September 30, 2025, the net debt to 12-month adjusted EBITDA ratio was 2.6x.
Oct 28, 2025, 12:30 PM
Leggett & Platt Reports Q3 2025 Results, Reaffirms Guidance, and Strengthens Balance Sheet
LEG
Earnings
Guidance Update
Debt Issuance
- Leggett & Platt reported Q3 2025 sales of $1 billion, a 6% decrease year-over-year, and adjusted EPS of $0.29, down $0.03 year-over-year, primarily due to continued soft demand in residential end markets.
- The company significantly strengthened its balance sheet by reducing debt by $296 million in Q3 2025, bringing total debt to $1.5 billion, and completed the divestiture of its aerospace business on August 29.
- The restructuring plan is nearing completion and is expected to deliver an annualized EBIT benefit of $60 to $70 million, with $60 million anticipated in 2025.
- Leggett & Platt reaffirmed the midpoint of its full-year 2025 guidance, narrowing the sales range to $4.0 to $4.1 billion and adjusted EPS to $1 to $1.10.
- Q3 2025 operating cash flow increased by $30 million year-over-year to $126 million, primarily due to working capital benefits.
Oct 28, 2025, 12:30 PM
Leggett & Platt Announces Q3 2025 Results and Reaffirms Full-Year Guidance
LEG
Earnings
Guidance Update
Demand Weakening
- Leggett & Platt reported Q3 2025 sales of just over $1 billion, a 6% year-over-year decrease, and adjusted EPS of $0.29, down $0.03 year-over-year. The company significantly strengthened its balance sheet by reducing debt by $296 million in Q3, partly using proceeds from the August 29 divestiture of its aerospace business, lowering its net debt to trailing 12-month adjusted EBITDA ratio to 2.6 times.
- The company generated $126 million in operating cash flow, an increase of $30 million versus Q3 2023, primarily driven by working capital benefits.
- The restructuring plan is nearing completion, expected to deliver an annualized EBIT benefit of $60 million to $70 million, with $60 million of this benefit anticipated in 2025.
- Leggett & Platt reaffirmed the midpoint of its full-year 2025 guidance, projecting sales between $4.0 billion and $4.1 billion and adjusted EPS between $1.00 and $1.10.
- The company continues to face soft demand in residential end markets, with U.S. domestic mattress production expected to slow sequentially in Q4 and remain negative year-over-year.
Oct 28, 2025, 12:30 PM
Leggett & Platt Reports Q3 2025 Results, Reaffirms Full-Year Guidance, and Strengthens Balance Sheet
LEG
Earnings
Guidance Update
Demand Weakening
- Leggett & Platt reported Q3 2025 sales of just over $1 billion, a 6% year-over-year decrease, and adjusted EPS of $0.29, down $0.03 year-over-year, primarily due to soft demand in residential end markets and sales attrition from divestitures and restructuring efforts.
- The company reaffirmed the midpoint of its full-year 2025 guidance, narrowing sales expectations to $4.0 billion-$4.1 billion (down 6%-9% versus 2024) and adjusted EPS to $1.00-$1.10.
- Significant progress was made on strategic initiatives, including the completion of the aerospace business divestiture on August 29 and reducing debt by $296 million in Q3 to $1.5 billion, bringing the net debt to trailing 12-month adjusted EBITDA ratio to 2.6X.
- The restructuring plan is nearing completion and is expected to deliver an annualized EBIT benefit of $60 million-$70 million, with $60 million of that benefit already realized in 2025.
Oct 28, 2025, 12:30 PM
Leggett & Platt Reports Q3 2025 Results
LEG
Earnings
Guidance Update
M&A
- Leggett & Platt reported Q3 2025 sales of $1.0 billion, representing a 6% decrease compared to Q3 2024.
- The company's Q3 2025 EPS was $0.91, with adjusted EPS at $0.29, which is a $0.03 decrease from adjusted Q3 2024 EPS.
- Leggett & Platt strengthened its balance sheet by reducing debt by $296 million in the third quarter, utilizing proceeds from the sale of its Aerospace business and operating cash flow.
- Operating cash flow for Q3 2025 increased by $30 million to $126 million compared to Q3 2024.
- The company reaffirmed the midpoint of its 2025 sales and adjusted EPS guidance, narrowing the sales range to $4.0–$4.1 billion and adjusted EPS to $1.00–$1.10.
Oct 27, 2025, 8:44 PM
Leggett & Platt Reports Third Quarter 2025 Results
LEG
Earnings
Guidance Update
M&A
- Leggett & Platt reported 3Q 2025 sales of $1.0 billion, representing a 6% decrease compared to 3Q 2024.
- Adjusted EPS for 3Q 2025 was $0.29, a $0.03 decrease from adjusted 3Q 2024 EPS.
- The company reduced debt by $296 million in the third quarter, utilizing proceeds from the Aerospace divestiture and operating cash flow.
- Management reaffirmed the midpoint of its 2025 sales and adjusted EPS guidance, narrowing the range to $4.0–$4.1 billion for sales and $1.00–$1.10 for adjusted EPS.
Oct 27, 2025, 8:10 PM
Leggett & Platt Amends and Restates Credit Agreement
LEG
Debt Issuance
- Leggett & Platt, Incorporated entered into an Amendment Agreement on July 24, 2025, which amends and restates its credit agreement as the Fifth Amended and Restated Credit Agreement.
- The aggregate amount of the senior unsecured Revolving Facility was decreased from $1.2 billion to $1.0 billion.
- The maturity date under the Credit Agreement was extended from September 30, 2026 to July 24, 2030.
- The "accordion feature," which provides for an increase in borrowing capacity, was decreased from up to $600 million to up to $500 million.
Jul 25, 2025, 12:00 AM
Leggett & Platt Q1 2025 Earnings Results & Strategic Updates
LEG
Earnings
Guidance Update
Demand Weakening
- Q1 sales declined 7% to $1.0 billion with adjusted EBIT at $67 million and adjusted EPS at $0.24, reflecting mixed demand trends .
- Improved profitability with EBIT margins up 70 bps to 6.5%, thanks to operational efficiencies and restructuring benefits .
- The company maintained full-year guidance with projected sales of $4.0–$4.3 billion, adjusted EPS of $1.00–$1.20, and operating cash flow of $275–$325 million despite softer organic sales .
- Lower residential demand impacted Q1 sales, partially offset by stronger trade rod and wire sales .
- Ongoing restructuring includes divesting the aerospace business for approximately $240 million, segment reviews, and plans to deleverage to a long-term 2x debt-to-EBITDA .
Apr 29, 2025, 12:31 PM
Leggett & Platt Reports Q1 2025 Results
LEG
Earnings
Guidance Update
M&A
- Q1 Performance: Sales of $1.0 billion (down 7% YoY), EPS of $0.22 and adjusted EPS of $0.24
- Operating Cash Flow: Increased by $13 million to $7 million compared to 1Q24
- 2025 Guidance: Maintained outlook with forecast sales of $4.0–$4.3 billion and EPS guidance of $0.85–$1.26 (with adjusted EPS guidance of $1.00–$1.20 amid restructuring )
- Strategic Actions: Highlighted enhanced cost management, operational efficiency improvements, and progress in restructuring including the divestment of a small U.S. machinery business and an agreement to sell its Aerospace business
Apr 28, 2025, 12:00 AM
Quarterly earnings call transcripts for LEGGETT & PLATT.
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