Leggett & Platt 2Q sales fall 6% to $1.1 billion; adjusted EPS rises to $0.30
Leggett & Platt reported second-quarter 2025 sales of $1.1 billion, down 6% from a year earlier, while adjusted EPS of $0.30 rose $0.01 and reported EPS was $0.38 versus a loss of $4.39 in the prior-year quarter. The company reaffirmed its full-year sales and adjusted EPS guidance and narrowed its reported EPS range to $0.88–$1.17 from $0.85–$1.26, while reducing debt by $143 million in the quarter.
Key points
- Trade sales were $1,058.0 million, down 6%, with volume down 7% on soft residential, automotive and hydraulic cylinder demand.
- Adjusted EPS was $0.30 versus $0.29 a year earlier; reported EPS was $0.38 versus a loss of $4.39 in 2Q 2024, which included a $675 million non-cash goodwill impairment.
- Debt was reduced by $143 million; net debt to trailing 12-month adjusted EBITDA was 3.5x, and the credit facility was reduced to $1.0 billion from $1.2 billion with maturity extended to July 2030.
- Full-year 2025 sales guidance of $4.0–$4.3 billion and adjusted EPS guidance were maintained; the Aerospace business sale is expected to close this year.
The filing
Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 31, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.