Leggett & Platt, Incorporated Q3 2025 Earnings Recap

Leggett & Platt delivered solid third-quarter results despite ongoing challenges in residential markets, reaffirming full-year sales and adjusted EPS guidance while successfully executing its restructuring plan.

Key Takeaways

• Third-quarter sales were over $1 billion, down 6% year-over-year, primarily due to weak residential demand and divestiture impacts.
• Bedding product sales fell 10% year-over-year, but showed a sequential improvement of 3%, indicating some stabilization in demand.
• Significant progress on the restructuring plan has improved cash flow and decreased net debt, with completion of the flooring consolidation projected by year-end.
• The divestiture of the Aerospace business has optimized the portfolio and strengthened the balance sheet.
• Ongoing global supply chain risks, particularly in the automotive sector, are being monitored, but no material impacts have been felt thus far.