Leggett & Platt closes sale of Aerospace Products Group for ~$285M; revises FY2025 guidance

LEGGETT & PLATT INC

Sale closed Aug 29, 2025; cash proceeds ~$285.8M at closing, expected after-tax ~$250M.
Divestiture includes 7 facilities, ~700 employees; 2024 sales $190M.
Proceeds used primarily to pay down debt and strengthen balance sheet.
FY2025 guidance revised: sales $3.9-4.2B (prev $4.0-4.3B); adj EPS $0.95-1.15 (prev $1.00-1.20).
GAAP EPS includes $0.60 gain on sale; full-year GAAP EPS guided to $1.43-1.72.

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