UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-07845 LEGGETT & PLATT, INCORPORATED (Exact name of registrant as specified in its charter) Missouri 44-0324630 (State or other j ...

Leggett & Platt (LEG -15.24%), a diversified manufacturer best known for its bedding components and engineered products, issued its second quarter earnings results on July 31, 2025. The key news is that GAAP revenue reached $1.058 billion, exactly matching analyst estimates (non-GAAP), but fell by 6% compared to Q2 2024. Adjusted earnings per share (EPS) was $0.30, also in line with non-GAAP EPS estimates, while GAAP revenue exceeded expectations and was slightly higher than last year's adjusted EPS of $0.2 ...

Leggett & Platt (LEG) Q2 2025 Earnings Call August 01, 2025 08:30 AM ET Speaker0Greetings, and welcome to the Leggett and Platt Second Quarter twenty twenty five Webcast and Earnings Conference Call. At this time, all participants are in a listen only mode. A brief question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Steve West, Vice President of Investor Relations.Thank you. You may begin.Speaker1Goo ...

Second Quarter 2025 Summary Financial Information, Tariff Overview and Restructuring Update July 31, 2025 Forward-Looking Statements Statements in this presentation that are not historical in nature are "forward-looking." These statements are identified by their context or by use of words such as "anticipate," "estimate," "expect," "guidance," "may," "plan," or the like. These statements include, but are not limited to, sales; EPS; adjusted EPS; operating cash flow; demand; Company and segment volume; raw m ...

Exhibit 99.1 FOR IMMEDIATE RELEASE: July 31, 2025 Leggett & Platt Reports 2Q 2025 Results Carthage, MO, July 31, 2025 —- President and CEO Karl Glassman commented, "We are pleased to report another quarter of profitability improvement. We further strengthened our balance sheet by reducing debt and favorably amending our revolving credit facility. We also remain on track to complete the sale of our Aerospace business this year. The continued progress on our strategic initiatives is a direct reflection of the ...

Core Insights - The company reported a quarter of profitability improvement, with a focus on strengthening its balance sheet through debt reduction and amending its revolving credit facility [1][8] - Despite macroeconomic challenges, the company remains confident in its business resilience and has reaffirmed its full-year guidance for sales and adjusted EPS [2][17] Financial Performance - Second quarter sales were $1.1 billion, representing a 6% decrease compared to the second quarter of 2024 [3][8] - EBIT for the second quarter was $90 million, a significant increase of $705 million from the same period in 2024, while adjusted EBIT rose by $4 million to $76 million [3][4] - The EBIT margin improved to 8.5%, up from a negative margin of 54.4% in the second quarter of 2024 [4][8] - Second quarter EPS was $0.38, compared to a loss of $4.39 in the same quarter of 2024, with adjusted EPS at $0.30, an increase of $0.01 from the previous year [4][8] Debt and Liquidity - The company reduced its debt by $143 million during the second quarter, resulting in a net debt to trailing 12-month adjusted EBITDA ratio of 3.5x [8][10] - Total debt stood at $1.8 billion, including $297 million of commercial paper outstanding [10] - The company maintained total liquidity of $878 million as of June 30, 2025, with $369 million in cash and $509 million available under its revolving credit facility [10] Segment Performance - In the Bedding Products segment, trade sales decreased by 11% year-over-year, while adjusted EBIT increased significantly due to metal margin expansion and restructuring benefits [21] - The Specialized Products segment saw a 5% decline in trade sales, but adjusted EBIT increased by 6% [21] - The Furniture, Flooring & Textile Products segment experienced a 2% decrease in trade sales, with adjusted EBIT decreasing by 28% [21] Guidance and Future Expectations - The company expects 2025 sales to be between $4.0 billion and $4.3 billion, reflecting a decline of 2% to 9% compared to 2024 [17] - Adjusted EPS is anticipated to be in the range of $1.00 to $1.20, with earnings expectations influenced by restructuring costs and gains from real estate sales [17] - The company projects an EBIT margin of 5.9% to 6.8% for 2025, with adjusted EBIT margin expected to be between 6.5% and 6.9% [17]

Company Overview - Leggett & Platt (NYSE: LEG) is a diversified manufacturer with a history of 142 years, producing engineered components and products for various markets, including bedding, automotive, furniture, and aerospace [3] Upcoming Earnings Release - The company will release its second quarter earnings results on July 31, 2025, after market close [1] - A quarterly conference call to discuss the results, annual guidance, market conditions, and company initiatives will be held on August 1, 2025, at 8:30 a.m. Eastern Time [1] Access to Information - The earnings release and financial summary slides will be available on the Investor Relations section of the company's website shortly after the earnings release [2] - The conference call will be accessible via webcast, and dial-in information is provided for participants [2]

Leggett & Platt, Incorporated (NYSE: LEG ) is an international diversified manufacturer that designs, produces, and sells a wide range of engineered components and products for homes and automobiles. They operate a steel rod mill in the U.S. (annual capacity Analyst's Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am n ...

Financial Performance & Outlook - First quarter 2025 sales reached $1 billion, with an adjusted EBIT of $67 million (6.5% margin) and adjusted EBITDA of $98 million (9.6% margin)[29] - The company anticipates 2025 sales between $4 billion and $4.3 billion, a decrease of 2% to 9% compared to 2024, and adjusted EPS between $1 and $1.20[31, 32] - Operating cash for 2025 is projected to be between $275 million and $325 million[33] Segment Performance - Bedding Products segment expects a volume decrease in the low double digits at the midpoint for 2025[36] - Specialized Products segment anticipates a volume decrease in the mid-single digits at the midpoint for 2025[37] - Furniture, Flooring & Textile Products segment projects a volume decrease in the low single digits at the midpoint for 2025[38] Strategic Initiatives - The company's restructuring plan is on track to realize a $55 million to $60 million EBIT benefit in 2025[57] - Restructuring sales attrition is estimated at approximately $60 million in 2025[57] - The company has signed an agreement to exit the Aerospace business, expected to close in the second half of 2025[57] Tariff Impacts & Mitigation - The company is actively pursuing opportunities to capture demand for domestically-produced products and sourcing from lowest total cost countries to mitigate tariff impacts[51] - Foreign direct sourcing exposure is approximately $400 million annually before tariff implementation[49] Bedding Market Trends - The domestic mattress market experienced a 20% demand decline from 2021 to 2024, while domestic production declined 35% due to import market share growth[88]

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