Leggett & Platt Q1 adjusted EPS $0.24 beats; sales down 7%; FY25 guidance unchanged

LEGGETT & PLATT INC

2025-Q1 EPS reported $0.22 revenue$1,022,100,000

Q1 sales $1.0B (-7% YoY); EPS $0.22, adjusted EPS $0.24 (+$0.01 vs adjusted 1Q24).
Adjusted EBIT $67M (+$3M) on restructuring benefits, cost management; Bedding sales down 13%.
Board declared $0.05/share dividend, down $0.41 from prior year; net debt/EBITDA 3.77x.
Signed agreement to sell Aerospace business expected to close in 2025; ongoing portfolio review.
FY25 guidance: sales $4.0-4.3B, adjusted EPS $1.00-1.20; volume view lowered slightly.

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