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Leggett & Platt, Inc. reports developments as a diversified manufacturer of engineered components and products used in homes, automobiles, furniture, flooring, textiles, material handling and heavy construction applications. Its business includes Bedding Products, Specialized Products, and Furniture, Flooring and Textile Products, with product categories such as bedding components and solutions, private label finished goods, automotive seat comfort and convenience systems, home and work furniture components, geo components, flooring underlayment and hydraulic cylinders.
Company news commonly covers quarterly and annual operating results, guidance, market conditions, dividends, balance-sheet priorities, restructuring and operational efficiency initiatives, governance matters, and material agreements or capital-structure disclosures.
Leggett & Platt (NYSE:LEG), a diversified manufacturer with a 142-year history, has scheduled its Q2 2025 earnings release for July 31, 2025 after market close. The company will host its quarterly conference call on August 1, 2025, at 8:30 a.m. ET to discuss earnings results, annual guidance, and business initiatives.
The call will be accessible via webcast from LEG's investor relations website, with dial-in available at 201-689-8341. The earnings release and financial summary slides will be posted online shortly after market close on July 31, with audio replay and transcript remaining available for 12 months.
Leggett & Platt reported Q1 2025 financial results with sales of $1.0 billion, showing a 7% decrease from Q1 2024. The company maintained its 2025 guidance with expected sales of $4.0-$4.3 billion and adjusted EPS of $1.00-$1.20.
Key highlights:
- Q1 EPS: $0.22, with adjusted EPS of $0.24
- Operating cash flow improved by $13 million to $7 million
- EBIT remained flat at $63 million, while adjusted EBIT increased to $67 million
- Net Debt at 3.77x trailing 12-month adjusted EBITDA
The company's restructuring plan continues to progress, with expected annual EBIT benefits of $60-$70 million after full implementation. Notable developments include the divestiture of a small U.S. machinery business and a pending sale of their Aerospace division. Despite challenges in the domestic bedding industry, management remains confident in executing strategic priorities focused on strengthening the balance sheet and improving operational efficiency.
Leggett & Platt (NYSE:LEG) has scheduled its first quarter 2025 earnings release for Monday, April 28, 2025, after market close. The company will host a quarterly conference call to discuss the results on Tuesday, April 29, 2025, at 8:30 a.m. Eastern Time.
The conference call will be accessible via webcast from the company's Investor Relations website, with dial-in available at 201-689-8341. Earnings release and summary financial information slides will be posted to their website shortly after market close on April 28. The webcast audio replay and transcript will remain available for 12 months.
LEG is a 142-year-old diversified manufacturer specializing in engineered components found in homes and automobiles, including bedding components, automotive seat systems, furniture components, flooring underlayment, hydraulic cylinders, and aerospace tubing.
Leggett & Platt (NYSE: LEG) has announced the signing of an agreement to sell its Aerospace Products Group to Tinicum Incorporated's affiliated funds for $285 million, with expected after-tax proceeds of $240 million. The transaction is anticipated to close in 2025, subject to regulatory approvals.
The Aerospace Products Group, which generated $190 million in net trade sales in 2024, specializes in complex tube and duct assemblies for commercial and military aircraft platforms and space launch vehicles. The business operates seven manufacturing facilities across the U.S., UK, and France, employing approximately 700 people.
This divestiture is part of the company's ongoing strategic business review to optimize its portfolio. The company will issue updated 2025 guidance excluding the Aerospace Products Group after the transaction closes.
Leggett & Platt (NYSE: LEG) has announced its quarterly dividend for the first quarter 2025. The company will pay shareholders a dividend of $0.05 per share on April 15, 2025, with a record date of March 14, 2025.
The 142-year-old company is a diversified manufacturer specializing in engineered components found in homes and automobiles. LEG's product portfolio includes bedding components, automotive seat systems, furniture components, flooring underlayment, hydraulic cylinders, and aerospace tubing. The company is particularly known for its position as a leading supplier of bedding components and private label finished goods.
Leggett & Platt (LEG) reported Q4 2024 results with sales of $1.1 billion, down 5% year-over-year, and full-year 2024 sales of $4.4 billion, a 7% decrease from 2023. Q4 EPS was $0.10, while adjusted EPS was $0.21. Full-year 2024 resulted in a loss of $3.73 per share, with adjusted EPS of $1.05.
The company reduced debt by $126 million in 2024 and realized $22 million in EBIT benefit from restructuring activities. The restructuring plan is expected to deliver annualized EBIT benefits of $60-$70 million by late 2025.
For 2025, LEG forecasts sales between $4.0-$4.3 billion, representing a 2-9% decrease versus 2024, with EPS guidance of $0.83-$1.24 and adjusted EPS of $1.00-$1.20. The company continues to explore a potential sale of its Aerospace Group and appointed Sam Smith as President of the Specialized Products segment.
Leggett & Platt (NYSE:LEG) has scheduled its fourth quarter and full year 2024 earnings release for Thursday, February 13, 2025, after market close. The company will host a conference call on Friday, February 14, 2025, at 8:30 a.m. Eastern Time to discuss the results, annual guidance, market conditions, and company initiatives.
The conference call will be accessible via webcast from the company's Investor Relations website, with dial-in available at 201-689-8341 (no passcode required). Earnings release and summary financial information slides will be posted to the website on February 13 after market close. The webcast audio replay and transcript will remain available on the website for 12 months.
Leggett & Platt, a 142-year-old diversified manufacturer, produces engineered components for bedding, automotive, furniture, geo components, flooring, material handling, and aerospace industries.
Leggett & Platt (NYSE: LEG) has announced its quarterly dividend for Q4 2024. The Board of Directors has declared a dividend of $0.05 per share, which will be paid on January 15, 2025 to shareholders of record on December 13, 2024. The company, established 141 years ago, is a diversified manufacturer specializing in engineered components for bedding, automotive, furniture, and aerospace industries.
Leggett & Platt (LEG) reported Q3 2024 results with sales of $1.1 billion, down 6% year-over-year. Q3 EPS was $0.33, with adjusted EPS of $0.32, decreasing $0.04 from Q3 2023. The company lowered its 2024 guidance, now expecting sales of $4.3-$4.4 billion and adjusted EPS of $1.00-$1.10. The decrease was attributed to weak demand in residential markets and automotive sector headwinds. The company paid down $124 million in debt and is exploring the potential sale of its Aerospace business. The restructuring plan is expected to deliver $50-$60 million in annualized EBIT benefits by late 2025.