Core Insights - Leggett & Platt reported Q2 2025 GAAP revenue of $1.058 billion, matching analyst estimates but down 6% from Q2 2024 [1][2] - Adjusted EPS was $0.30, consistent with estimates and slightly above last year's adjusted EPS of $0.29 [1][2] - Operating cash flow decreased to $84.0 million, indicating ongoing challenges in demand trends [1] Financial Performance - Adjusted EBIT rose to $75.6 million, with an adjusted EBIT margin of 7.1%, up from 6.3% in Q2 2024 [2][6] - Organic sales declined by 6%, with Bedding Products sales down 11% due to weak demand in the U.S. and Europe [5][10] - Total debt reduced by $143 million, with net debt to trailing twelve-month adjusted EBITDA improving to 3.5x [7][11] Strategic Focus - The company is prioritizing vertical integration, particularly in steel rod and wire production, and product innovation [4] - A major restructuring plan initiated in 2024 aims to streamline operations and control costs, with expected annualized EBIT benefits of $60–$70 million [6][7] - Product innovation includes the rollout of ComfortCore coils in bedding and growth in textiles, although these advances have not yet offset declines in core segments [8][9] Market Conditions - Demand remains soft across core markets, with projected mid-teen volume declines in Bedding Products for 2025 [13] - The restructuring plan has led to $11 million in sales attrition due to facility closures, with total expected attrition reaching $65 million [7][10] - The company maintains full-year 2025 sales guidance of $4.0 billion to $4.3 billion despite ongoing demand challenges [13] Capital Management - Total liquidity was reported at $878 million as of June 30, 2025, following amendments to the primary credit facility [11] - The quarterly dividend remains unchanged at $0.05 per share, following a significant reduction in 2024 [12]

Financial Data and Key Metrics Changes - Second quarter sales were $1.1 billion, down 6% compared to 2024, primarily due to soft demand in residential end markets, automotive, and hydraulic cylinders, along with restructuring-related sales attrition [14][15] - Adjusted EBIT for the second quarter was $76 million, up $4 million from the previous year, driven by metal margin expansion and disciplined cost management [18] - Adjusted EPS for the second quarter was $0.30, a 3% increase from $0.29 in the same quarter last year [18][23] - Total debt was reduced by $143 million to $1.8 billion, with total liquidity at $878 million [19][20] Business Line Data and Key Metrics Changes - Bedding product sales decreased by 11% year-over-year, with weakness in mattresses and adjustable bases offsetting strong trade rod and wire sales [15][16] - Specialized products saw a 5% decline in sales, with aerospace growth of 6% year-over-year offset by declines in automotive and hydraulic cylinders [17] - Furniture, flooring, and textile product sales were down 2%, with positive growth in work furniture and textiles but declines in home furniture and flooring products [15][18] Market Data and Key Metrics Changes - The mattress market volume is expected to decline mid-single digits for the full year, with domestic production down high single digits [16] - Tariff impacts have varied across businesses, with some segments experiencing disruptions while others have seen benefits from increased metal margins [8][11] - The company is actively engaged in mitigating tariff impacts by shifting production and sourcing to less affected regions [8][12] Company Strategy and Development Direction - The company is nearing completion of its restructuring plan, which aims to strengthen profitability and balance sheet [24][25] - Future cash flow will be directed towards organic growth investments, strategic acquisitions, and potential share repurchases [21][25] - The company is focused on enhancing operational efficiency and profitability while navigating macroeconomic uncertainties [13][24] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding consumer health, noting an uptick in demand as consumer confidence improves [50][52] - The company anticipates challenges in the second half of the year, particularly in adjustable beds and specialty foam due to ongoing market dynamics [62] - Management remains confident in the company's position to leverage improvements once consumer demand fully re-engages [25] Other Important Information - Restructuring costs are now expected to be between $15 million and $25 million for 2025, down from previous estimates [22] - The company maintained its full-year 2025 sales guidance, projecting sales between $4 billion and $4.3 billion, representing a decline of 2% to 9% compared to 2024 [23] Q&A Session Summary Question: Can you connect the bedding consumption number to U.S. volume? - Management explained that U.S. spring volume was down 9%, with a portion attributed to sales attrition from restructuring [33][36] Question: What is the outlook for metal margins? - Management indicated that metal margins are expanding and are expected to remain sustainable due to tariffs [39] Question: What factors influenced the decision to retain certain facilities? - The decision was based on updated assessments of customer relationships and market dynamics [41][42] Question: How is the health of the consumer affecting expectations for volume and demand? - Management noted a soft start to the second quarter but observed improvements leading up to Memorial Day and into July [50][52] Question: What are the price-cost dynamics across segments? - Management is working with suppliers to absorb tariff costs and is passing through pricing where necessary [53] Question: Can you provide guidance by segment for sales and operating margins? - Management expects sales and volumes to decline across segments, with varying impacts on margins [54][55] Question: What is the outlook for home furniture performance? - Management noted a bifurcation in the home furniture market, with higher price point furniture performing better than mid-price point products [76][78]

Financial Data and Key Metrics Changes - Second quarter sales were $1.1 billion, down 6% compared to 2024, primarily due to soft demand in residential end markets, automotive, and hydraulic cylinders, along with restructuring-related sales attrition [16][20] - Adjusted EBIT for the second quarter was $76 million, up $4 million from the previous year, driven by metal margin expansion and disciplined cost management [19] - Adjusted earnings per share (EPS) for the second quarter was $0.30, a 3% increase from $0.29 in the same quarter last year [19][25] - Total debt was reduced by $143 million to $1.8 billion, leading to a decrease in net debt to trailing twelve-month adjusted EBITDA to 3.5 times [20][21] Business Line Data and Key Metrics Changes - Bedding product sales decreased by 11% year-over-year, with weakness in mattresses and adjustable bases offsetting strong trade rod and wire sales [16][17] - Specialized products segment saw a 5% decline, with aerospace growth of 6% year-over-year offset by declines in automotive and hydraulic cylinders [18] - Furniture, flooring, and textile products sales were down 2%, with positive growth in work furniture and textiles but declines in home furniture and flooring products [19] Market Data and Key Metrics Changes - The U.S. mattress market production was down mid to high single digits, with total mattress consumption estimated to be down low single digits year-over-year [17][18] - Tariff impacts varied across businesses, with the recent tariff changes being a net positive overall, although concerns about inflation and consumer demand persist [10][12] - The company is actively shifting production and sourcing to mitigate tariff impacts, particularly in the bedding segment where steel tariffs have led to expanded metal margins [11][14] Company Strategy and Development Direction - The company is nearing completion of its restructuring plan, which is expected to strengthen profitability and balance sheet [26] - Future cash flow will be directed towards organic growth investments, strategic acquisitions, and potential share repurchases [27][22] - The company is focused on enhancing operational efficiency and profitability while navigating macroeconomic uncertainties [15][26] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding consumer health, noting an uptick in demand as consumer confidence improves, particularly around holiday periods [50][51] - The company anticipates continued challenges in the bedding segment due to customer changes and promotional dynamics [66] - Management remains confident in the company's position to leverage improvements once consumer demand fully reengages [27][26] Other Important Information - Restructuring costs are now expected to be between $15 million to $25 million for 2025, down from previous estimates, with total restructuring costs projected at $65 million to $75 million [23] - The company maintained its full-year 2025 sales guidance, expecting sales in the range of $4 billion to $4.3 billion, reflecting a decline of 2% to 9% compared to 2024 [24][25] Q&A Session Summary Question: Insights on bedding business consumption numbers - Management explained that U.S. spring volume was down 9%, with a third of that attributed to sales attrition from restructuring, indicating that they are not losing market share [31][37] Question: Metal margin acceleration and tariff impacts - Management confirmed that metal margins are expanding sequentially and year-over-year, positively impacted by steel tariffs [38][40] Question: Changes in restructuring plan and facility retention - Management noted that the decision to retain certain facilities was based on updated market assessments and customer relationships [41][43] Question: Consumer health and macro uncertainty - Management indicated that consumer confidence has improved, leading to a more optimistic outlook for the third quarter compared to the first quarter [50][52] Question: Pricing strategies to offset tariff impacts - Management stated that they are working with suppliers to absorb tariff costs and are passing through pricing when necessary, maintaining pricing power across segments [55] Question: Segment guidance and operating margin expectations - Management provided guidance indicating expected sales and volume declines across segments, with varying margin expectations [56][57] Question: Home furniture performance and market dynamics - Management discussed the bifurcation in the home furniture market, with higher price point furniture performing well while mid-price point customers faced volume declines due to tariff impacts [79][81]

Financial Performance - Q2 2025 - Sales decreased by 6% to $1.058 billion compared to Q2 2024[7,8] - Volume decreased by 7%[7,9] - Adjusted EBIT increased by $4 million to $76 million compared to Q2 2024[7] - Adjusted EBIT margin increased by 80 bps to 7.1%[7,8] - Adjusted EPS increased by $.01 to $.30 compared to Q2 2024[7,8] - Cash flow decreased by $10 million to $84 million compared to Q2 2024[7,8] Financial Performance - YTD 2025 - Sales decreased by 7% to $2.080 billion compared to YTD 2024[15,16] - Adjusted EBIT increased by $7 million to $142 million compared to YTD 2024[15,16] - Adjusted EBIT margin increased by 70 bps to 6.8%[15] - Adjusted EPS increased by $.02 to $.54 compared to YTD 2024[15,17] Guidance - The company maintains its 2025 sales guidance of $4.0–$4.3 billion, a decrease of 2% to 9% versus 2024[7,18] - The company maintains its adjusted EPS guidance of $1.00–$1.20[7,19]

Core Insights - Legget & Platt reported revenue of $1.06 billion for the quarter ended June 2025, reflecting a 6.3% decline year-over-year and a surprise of -0.54% compared to the Zacks Consensus Estimate [1] - The company's EPS was $0.30, slightly up from $0.29 in the same quarter last year, resulting in an EPS surprise of +3.45% against the consensus estimate [1] Revenue and Sales Performance - Organic sales for Bedding Products decreased by 11%, worse than the -9.1% estimated by analysts [4] - Organic sales for Specialized Products fell by 5%, compared to the -1.6% average estimate [4] - Organic sales for Furniture, Flooring, and Textile Products declined by 2%, better than the -5.6% average estimate [4] - Overall change in organic sales was -6%, slightly worse than the -5.3% average estimate [4] Trade Sales Analysis - Trade sales for Furniture, Flooring, and Textile Products were reported at $362.5 million, below the $364.82 million average estimate, marking a -2.3% year-over-year change [4] - Trade sales for Specialized Products reached $304.1 million, exceeding the $301.68 million estimate, but still reflecting a -4.9% year-over-year change [4] - Trade sales for Bedding Products were $391.4 million, lower than the $397.2 million estimate, indicating a -10.6% change from the previous year [4] EBIT and Adjusted EBIT Metrics - EBIT for Bedding Products was $27.2 million, significantly higher than the $19.5 million average estimate [4] - EBIT for Specialized Products was $38.7 million, also exceeding the $27.26 million average estimate [4] - Adjusted EBIT for Specialized Products was reported at $37.6 million, above the $32.55 million estimate [4] - Adjusted EBIT for Bedding Products was $12.6 million, surpassing the $10.6 million estimate [4] - Adjusted EBIT for Furniture, Flooring, and Textile Products was $25.3 million, below the $31.6 million average estimate [4] Stock Performance - Legget & Platt's shares have returned -2.7% over the past month, contrasting with the Zacks S&P 500 composite's +2.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

分组1 - Legget & Platt (LEG) reported quarterly earnings of $0.3 per share, exceeding the Zacks Consensus Estimate of $0.29 per share, and showing an increase from $0.29 per share a year ago, resulting in an earnings surprise of +3.45% [1] - The company posted revenues of $1.06 billion for the quarter ended June 2025, which was below the Zacks Consensus Estimate by 0.54%, and a decrease from $1.13 billion in the same quarter last year [2] - Over the last four quarters, Legget & Platt has surpassed consensus EPS estimates two times and topped consensus revenue estimates only once [2] 分组2 - The stock has added approximately 0.6% since the beginning of the year, underperforming compared to the S&P 500's gain of 8.2% [3] - The company's earnings outlook, including current consensus earnings expectations for upcoming quarters, will be crucial for investors [4] - The current consensus EPS estimate for the coming quarter is $0.34 on revenues of $1.06 billion, and for the current fiscal year, it is $1.11 on revenues of $4.16 billion [7] 分组3 - The Zacks Industry Rank indicates that the Furniture industry is currently in the bottom 25% of over 250 Zacks industries, which may negatively impact stock performance [8] - Flexsteel Industries, another company in the same industry, is expected to report quarterly earnings of $0.84 per share, reflecting a year-over-year change of +12% [9]

Leggett & Platt 2Q 2025 Results Overview [Management Commentary](index=1&type=section&id=Management%20Commentary) CEO Karl Glassman highlighted another quarter of improved profitability and a strengthened balance sheet through debt reduction and a favorable credit facility amendment, reaffirming full-year guidance despite macroeconomic headwinds - Management is pleased with profitability improvement and balance sheet strengthening via debt reduction and an amended revolving credit facility[2](index=2&type=chunk) - The company remains on track to complete the sale of its Aerospace business within the year[2](index=2&type=chunk) - Despite macroeconomic headwinds, the company reaffirmed its full-year guidance for both sales and adjusted EPS, citing business resilience and a diversified portfolio[3](index=3&type=chunk) [Second Quarter 2025 Financial Highlights](index=1&type=section&id=Second%20Quarter%202025%20Financial%20Highlights) In Q2 2025, Leggett & Platt reported sales of $1.1 billion, a 6% decrease year-over-year, with adjusted EPS slightly increasing to $0.30, while significantly strengthening its balance sheet by reducing debt by $143 million and improving its net debt to adjusted EBITDA ratio to 3.5x Q2 2025 Key Financial Metrics | Metric | Q2 2025 Value | Change vs Q2 2024 | | :--- | :--- | :--- | | Sales | $1.1 billion | -6% | | EPS | $0.38 | Up from -$4.39 | | Adjusted EPS | $0.30 | +$0.01 | | Debt Reduction | $143 million | N/A | | Net Debt / Adj. EBITDA | 3.5x | Improved | - Organic sales decreased by **6%**, driven by a **7% volume decline**, primarily from soft demand in residential end markets, Automotive, and Hydraulic Cylinders[6](index=6&type=chunk) - The company amended its credit facility, extending the maturity to July 2030 and decreasing the facility size from **$1.2 billion** to **$1.0 billion**[5](index=5&type=chunk)[10](index=10&type=chunk) Financial Performance and Position [Detailed Second Quarter Results](index=1&type=section&id=Detailed%20Second%20Quarter%20Results) Second quarter sales fell 6% to $1.1 billion due to a 7% volume decline, partially offset by a 1% benefit from pricing and currency, with reported EBIT turning around to $90 million from a prior-year loss, and adjusted EBIT rising by $4 million to $76 million, improving the adjusted EBIT margin to 7.1% Q2 2025 vs Q2 2024 EBIT & EPS | Metric | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | EBIT | $90 million | -$614.3 million | | Adjusted EBIT | $76 million | $72 million (recalculated) | | EBIT Margin | 8.5% | (54.4)% | | Adjusted EBIT Margin | 7.1% | 6.3% | | EPS | $0.38 | -$4.39 | | Adjusted EPS | $0.30 | $0.29 | - The increase in adjusted EBIT was primarily due to metal margin expansion, benefits from restructuring, and disciplined cost management, which were partially offset by lower sales volume[6](index=6&type=chunk) - Q2 2025 results included a **$18 million gain** from real estate sales and **$4 million** in restructuring charges, while Q2 2024 results were heavily impacted by a **$675 million** non-cash goodwill impairment[6](index=6&type=chunk) [Debt, Cash Flow, and Liquidity](index=2&type=section&id=Debt%2C%20Cash%20Flow%2C%20and%20Liquidity) The company significantly improved its financial position in Q2, reducing total debt by $143 million to $1.8 billion and improving the net debt to trailing 12-month adjusted EBITDA ratio to 3.5x, while maintaining its dividend and ending the quarter with strong total liquidity of $878 million Liquidity and Cash Flow Summary (as of June 30, 2025) | Metric | Value | | :--- | :--- | | Total Liquidity | $878 million | | Cash on Hand | $369 million | | Revolver Capacity | $509 million | | Q2 Operating Cash Flow | $84 million | | Q2 Capital Expenditures | $9 million | | Q2 Dividends Paid | $7 million | - Debt was reduced by **$143 million** in the second quarter, bringing total debt to **$1.8 billion**[10](index=10&type=chunk) - The quarterly dividend was declared at **$0.05 per share**, consistent with the prior year's second quarter dividend[10](index=10&type=chunk) Strategic Initiatives and Outlook [Restructuring Plan Update](index=2&type=section&id=Restructuring%20Plan%20Update) The company has updated its restructuring plan estimates, now expecting an annualized EBIT benefit of $60–$70 million upon full implementation, with total costs reduced to $65–$75 million and real estate proceeds revised to $70–$80 million, though the timing of some cash proceeds is pushed to 2026 Updated Restructuring Plan Estimates (Total Plan) | Metric | Previous Estimate | Current Estimate | | :--- | :--- | :--- | | Annualized EBIT Benefit | N/A | $60–$70 million | | Annual Sales Attrition | $80 million | ~$65 million | | Real Estate Proceeds | $60–$80 million | $70–$80 million | | Total Costs | $80–$90 million | $65–$75 million | - The company realized a **$13 million** incremental EBIT benefit from restructuring in Q2 2025[13](index=13&type=chunk) - The timing for the remaining **$30–$40 million** in cash proceeds from real estate sales has shifted, with only **$0–$10 million** expected in H2 2025 and the balance in 2026[13](index=13&type=chunk) [2025 Guidance](index=3&type=section&id=2025%20Guidance) Leggett & Platt reaffirmed its full-year 2025 sales guidance of $4.0–$4.3 billion and adjusted EPS of $1.00–$1.20, but revised its GAAP EPS forecast to $0.88–$1.17 to account for restructuring costs and a pension settlement charge, while also updating volume expectations for the Bedding Products segment and adjusting other financial expectations Full-Year 2025 Guidance | Metric | 2025 Guidance | | :--- | :--- | | Sales | $4.0–$4.3 billion (unchanged) | | Adjusted EPS | $1.00–$1.20 (unchanged) | | EPS (GAAP) | $0.88–$1.17 (revised) | | Volume | Down low single to low double digits | | Operating Cash Flow | $275–$325 million | | Capital Expenditures | $80–$90 million (revised down) | - Volume expectations at the midpoint were revised lower for the Bedding Products segment (down mid-teens vs prior down low double digits)[14](index=14&type=chunk) - The effective tax rate expectation was increased to **26%** from **25%**[18](index=18&type=chunk) Segment Results [Bedding Products](index=4&type=section&id=Bedding%20Products) The Bedding Products segment experienced an 11% decrease in trade sales, driven by a 12% volume decline due to soft demand and retailer merchandising changes, yet adjusted EBIT increased by $12 million primarily from metal margin expansion and restructuring benefits Bedding Products Q2 2025 Performance | Metric | Change vs Q2 2024 | | :--- | :--- | | Trade Sales | -11% | | Volume | -12% | | Adjusted EBIT | +$12 million | [Specialized Products](index=4&type=section&id=Specialized%20Products) Trade sales in the Specialized Products segment decreased by 5%, with a 6% volume decline from weakness in Automotive and Hydraulic Cylinders, partially offset by Aerospace growth, while adjusted EBIT increased by $2 million due to cost management, restructuring benefits, and lower depreciation Specialized Products Q2 2025 Performance | Metric | Change vs Q2 2024 | | :--- | :--- | | Trade Sales | -5% | | Volume | -6% | | Adjusted EBIT | +$2 million | [Furniture, Flooring & Textile Products](index=4&type=section&id=Furniture%2C%20Flooring%20%26%20Textile%20Products) This segment experienced a 2% decrease in trade sales, with a slight 1% volume decline as softness in Home Furniture and Flooring was partly offset by growth in Textiles and Work Furniture, leading to a $10 million decrease in adjusted EBIT primarily due to pricing adjustments Furniture, Flooring & Textile Products Q2 2025 Performance | Metric | Change vs Q2 2024 | | :--- | :--- | | Trade Sales | -2% | | Volume | -1% | | Adjusted EBIT | -$10 million | Financial Statements and Reconciliations [Condensed Financial Statements](index=6&type=section&id=Condensed%20Financial%20Statements) The condensed financial statements show a 6% decline in Q2 trade sales to $1.058 billion, with net earnings attributable to L&P at $52.5 million, a significant recovery from the prior-year loss, and total assets of $3.70 billion as of June 30, 2025 Q2 2025 Selected Financial Data (in millions) | Metric | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | Trade Sales | $1,058.0 | $1,128.6 | | Gross Profit | $192.6 | $186.5 | | EBIT | $90.4 | $(614.3) | | Net Earnings (L&P) | $52.5 | $(602.2) | | Net Cash from Ops | $84.0 | $94.0 | Financial Position (in millions, as of June 30, 2025) | Metric | Jun 30, 2025 | Dec 31, 2024 | | :--- | :--- | :--- | | Total Assets | $3,703.7 | $3,661.6 | | Long-Term Debt | $1,792.2 | $1,862.8 | | Equity | $855.8 | $690.2 | [Non-GAAP Reconciliations](index=9&type=section&id=Non-GAAP%20Reconciliations) The company provides reconciliations from GAAP to non-GAAP measures to offer supplemental information on operational performance, with Q2 2025 reported EBIT of $90.4 million adjusted to $75.6 million and reported EPS of $0.38 adjusted to $0.30, after accounting for items like real estate gains and restructuring charges Q2 2025 GAAP to Non-GAAP Reconciliation (in millions) | Metric | Reported (GAAP) | Adjustments | Adjusted (Non-GAAP) | | :--- | :--- | :--- | | EBIT | $90.4 | $(14.8) | $75.6 | | Diluted EPS | $0.38 | $(0.08) | $0.30 | - Major non-GAAP adjustments in Q2 2025 included a **$18.4 million gain** on the sale of real estate and **$3.6 million** in restructuring-related charges[29](index=29&type=chunk) - The Net Debt to 12-month Adjusted EBITDA ratio improved sequentially from **3.77x** in Q1 2025 to **3.51x** in Q2 2025[29](index=29&type=chunk)

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]

Group 1 - 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 [1] - The company operates a steel rod mill in the U.S. with an annual capacity [1] Group 2 - The focus of the analysis is on identifying small cap companies with strong fundamentals and growth potential, large cap companies experiencing temporary setbacks, and stable companies with solid dividend yields and growth potential [1]