secwatch.observer — SEC 8-K summary
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Issuer:     LEGGETT & PLATT INC (LEG)
CIK:        0000058492
Form:       8-K
Filed at:   2025-08-29T23:59:59+00:00
Accession:  0000058492-25-000494
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/58492/000005849225000494/0000058492-25-000494-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/58492/000005849225000494/leg-20250829.htm
  HTML page:      https://secwatch.observer/filing/0000058492-25-000494

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