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Leggett & Platt (NYSE:LEG) Q4 2025 Earnings call February 12, 2026 08:30 AM ET Company ParticipantsBen Burns - CFOKarl G. Glassman - CEORyan M. Kleiboeker - SVP, Treasurer and Investor RelationsSam Smith - President of the Specialized Products and Furniture, Flooring and Textile Products SegmentsTyson Hagale - President of the Bedding Products SegmentConference Call ParticipantsAlessandra Jimenez - AnalystAlexia Morgan - AnalystKeith Hughes - AnalystSusan Maklari - AnalystOperatorGreetings, and welcome to t ...

Leggett & Platt (NYSE:LEG) Q4 2025 Earnings call February 12, 2026 08:30 AM ET Company ParticipantsBen Burns - CFOKarl G. Glassman - CEORyan M. Kleiboeker - SVP, Treasurer and Investor RelationsSam Smith - President of the Specialized Products and Furniture, Flooring and Textile Products SegmentsTyson Hagale - President of the Bedding Products SegmentConference Call ParticipantsAlessandra Jimenez - AnalystAlexia Morgan - AnalystKeith Hughes - AnalystSusan Maklari - AnalystOperatorGreetings, and welcome to t ...

Leggett & Platt (NYSE:LEG) Q4 2025 Earnings call February 12, 2026 08:30 AM ET Speaker5Greetings, and welcome to the Leggett & Platt Fourth Quarter 2025 Webcast and Earnings Call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce ...

Fourth Quarter 2025 Summary Financial Information February 11, 2026 Financial Summary Overview 4th Quarter: Full Year: 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 "estimate," "expect," "guidance," "plan," "seek," or the like. These statements include, but are not limited to, guidance; sales, adjusted EPS; operating cash flow; implied adjusted EBIT margin; deprec ...

Core Insights - Legget & Platt (LEG) reported revenue of $938.6 million for Q4 2025, reflecting an 11.2% year-over-year decline, while EPS increased slightly to $0.22 from $0.21 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate of $931.77 million by 0.73%, but the EPS fell short of the consensus estimate of $0.22 by 1.12% [1] Financial Performance Metrics - Organic Sales in Bedding Products decreased by 10%, slightly better than the estimated decline of 10.5% [4] - Organic Sales in Specialized Products fell by 4%, worse than the estimated decline of 2.8% [4] - Organic Sales in Furniture, Flooring, and Textile Products decreased by 2%, outperforming the average estimate of a 5.7% decline [4] - Overall Change in Organic Sales was a decline of 6%, slightly better than the average estimate of 6.5% [4] Trade Sales and EBIT - Trade sales for Furniture, Flooring, and Textile Products were reported at $324.1 million, slightly above the average estimate of $323.27 million, representing a year-over-year decline of 2.5% [4] - Trade sales for Specialized Products were $240.7 million, exceeding the average estimate of $233.78 million, with a significant year-over-year decline of 20.7% [4] - Trade sales for Bedding Products were $373.8 million, slightly below the average estimate of $374.72 million, reflecting an 11% year-over-year decline [4] - EBIT for Bedding Products was reported at $25.5 million, significantly higher than the average estimate of $12.77 million [4] - EBIT for Specialized Products was $24.3 million, exceeding the average estimate of $17.27 million [4] - EBIT for Furniture, Flooring, and Textile Products was $7.4 million, below the average estimate of $11.97 million [4] - Adjusted EBIT for Specialized Products was $22.8 million, surpassing the average estimate of $19.05 million [4] - Adjusted EBIT for Bedding Products was $16.3 million, lower than the average estimate of $19.8 million [4] Stock Performance - Shares of Legget & Platt have returned +2.4% over the past month, compared to a -0.3% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market [3]

Legget & Platt (LEG) came out with quarterly earnings of $0.22 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.21 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.12%. A quarter ago, it was expected that this engineered component manufacturer would post earnings of $0.3 per share when it actually produced earnings of $0.29, delivering a surprise of -3.33%.Over the last four quarters, th ...

Financial Performance - Fourth quarter sales were $939 million, an 11% decrease compared to the fourth quarter of 2024[4] - Fourth quarter EBIT was $32 million, down from $44 million in the fourth quarter of 2024, with adjusted EBIT at $48 million, an $8 million decrease[5] - Full year 2025 sales totaled $4.05 billion, a 7% decrease from 2024, with operating cash flow of $338 million, an increase of $33 million from 2024[9] - Divestitures decreased sales by 5% in the fourth quarter, with organic sales down 6% due to weak demand in residential markets and supply chain disruptions[6] - Trade sales decreased by 11% in Q4 2025 compared to Q4 2024, with a total year-to-date decrease of 7%[34] - Volume decreased by 15% primarily due to sales weakness at specific customers and retailer merchandising changes[25] - Cash from operations for the fourth quarter was $95.5 million, down from $122.3 million in the previous year[36] - Organic sales growth for the overall company was reported at a decline of 6% year-over-year in the fourth quarter[36] Earnings and Margins - The EBIT margin for the fourth quarter was 3.4%, down from 4.1% in the fourth quarter of 2024, while adjusted EBIT margin was 5.1%, down from 5.3%[7] - Adjusted EBIT for the fourth quarter was $47.9 million, a decrease of 14% from $55.6 million year-over-year[36] - Adjusted EBITDA for the fourth quarter was $79.6 million, down 11% from $89.7 million in the prior year[36] - EBIT margin for the total company decreased to 3.4% from 4.1% year-over-year, reflecting a decline of 70 basis points[35] - Adjusted EPS is projected to be between $1.00 and $1.20, reflecting an increase due to operational efficiency improvements and favorable sales mix[25] - EBIT margin for 2026 is anticipated to be between 5.9% and 7.8%, with adjusted EBIT margin expected to be between 6.3% and 7.0%[25] Debt and Liquidity - The company reduced its debt by $376 million in 2025, achieving a net debt leverage ratio of 2.4x, moving towards a long-term target of 2.0x[3] - Total liquidity at year-end was $1,296 million, including $587 million in cash and $709 million in available capacity under the revolving credit facility[20] - Long-term debt decreased by 20% to $1.496 billion, contributing to improved financial stability[34] - Total current liabilities decreased by 8% to $775 million, reflecting effective cost management strategies[34] - The company reported a net debt of $1,513.9 million for 2024, with a net debt to adjusted EBITDA ratio of 3.76[39] - The total debt for 2024 is reported at $1,864.1 million, with cash and equivalents of $(350.2) million[39] Restructuring and Future Guidance - The restructuring plan launched in early 2024 was substantially completed by the end of 2025, resulting in greater EBIT benefits with lower costs than expected[4] - Restructuring costs are expected to impact earnings by $0.02 to $0.11 per share, primarily from cost improvement and footprint optimization initiatives[25] - The company anticipates an additional $20–$30 million of cash proceeds from real estate sales in 2026[20] - 2026 guidance projects sales between $3.8 billion and $4.0 billion, with EPS expected to be between $0.92 and $1.38[21] - The company expects to incur costs related to the unsolicited offer evaluation of Somnigroup amounting to $3.4 million in 2025[40] Segment Performance - Bedding Products segment trade sales fell by 11% to $373.8 million, with an EBIT margin improvement to 6.8% from 0.4%[35] - Specialized Products segment trade sales decreased by 21% to $240.7 million, while EBIT margin improved to 10.1% from 8.4%[35] - Furniture, Flooring & Textile Products segment trade sales declined by 3% to $324.1 million, with EBIT margin dropping to 2.3% from 5.0%[35] Non-GAAP Adjustments - Non-GAAP adjustments (after tax) for 2024 total $655.7 million, significantly impacting the EPS[39] - Goodwill impairment for 2024 is recorded at $676.0 million, indicating a substantial non-cash charge[39] - The company anticipates a restructuring-related charge of $49.8 million for 2024, reflecting ongoing operational adjustments[39]

Leggett & Platt Reports 4Q and Full Year 2025 Results [Accessibility Statement] Skip NavigationCARTHAGE, Mo., Feb. 11, 2026 /PRNewswire/ --- 2026 guidance: sales of $3.8–$4.0 billion, EPS of $0.92–$1.38; adjusted1 EPS of $1.00–$1.20- 2025 operating cash flow of $338 million, a $33 million increase vs 2024- 2025 EPS of $1.69, 2025 adjusted1 EPS of $1.05, flat vs adjusted1 2024 EPS- 2025 sales of $4.05 billion, a 7% decrease vs 2024- 4Q EPS of $.18, 4Q adjusted1 EPS of $.22, a $.01 increase vs adjusted1 4Q24 ...

The upcoming report from Legget & Platt (LEG) is expected to reveal quarterly earnings of $0.22 per share, indicating an increase of 4.8% compared to the year-ago period. Analysts forecast revenues of $931.77 million, representing a decline of 11.8% year over year.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Prior to a c ...