Leggett & Platt, Incorporated Q4 2025 Earnings Call Summary

Management has substantially completed a multi-year restructuring plan, delivering approximately $70 million in sustainable EBIT benefits at a lower execution cost than originally anticipated. The divestiture of the Aerospace business in Q3 2025 served as a primary catalyst for deleveraging, allowing the company to retire commercial paper and move toward a 2x leverage target. Residential end markets, representing roughly half of total revenue, remain in a multi-year depression with demand significantl ...