Leggett & Platt(US:LEG)2025-04-29 01:02Financial Performance - Q1 2025 sales were $1.022 billion, a 7% decrease compared to Q1 2024's $1.097 billion[8] - Volume decreased by 5%[7] - Raw material-related price decreases and currency impact reduced sales by 2%[9] - Adjusted EBIT for Q1 2025 was $67 million, a $3 million increase compared to Q1 2024's $64 million[8, 9] - Adjusted EBIT margin increased by 70 bps to 6.5%[7, 8] - Adjusted EPS increased by $0.01 to $0.24[7, 8] - Cash flow from operations increased by $13 million to $7 million[7, 8] Guidance - 2025 sales guidance remains unchanged at $4.0–$4.3 billion, a potential decrease of 2% to 9% versus 2024[7, 15] - Adjusted EPS guidance remains unchanged at $1.00–$1.20[7, 16] - Operating cash flow is projected to be $275–$325 million[7] Restructuring Plan - The restructuring plan is expected to provide an EBIT benefit of $35-$40 million in 2025, with a full plan run rate of $60-$70 million[42] - Sales attrition from the restructuring is estimated at ~$45 million in 2025, with a full plan run rate of ~$80 million[42] - The company anticipates $15-$40 million in cash from real estate sales in 2025, with a total plan estimate of $60-$80 million[42]