Business
Leggett & Platt Reports 3Q 2025 Results
Leggett & Platt Reports 3Q 2025 Results
About this update from Leggett & Platt, Incorporated
[{"type":"text","content":"CARTHAGE, Mo., Oct. 27, 2025 /PRNewswire/ --","length":44,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"3Q sales of $1.0 billion, a 6% decrease vs 3Q24","length":47,"tagName":"p"}]},{"val":[{"type":"text","content":"3Q EPS of $0.91, 3Q adjusted1 EPS of $0.29, a $0.03 decrease vs adjusted1 3Q24 EPS","length":82,"tagName":"p"}]},{"val":[{"type":"text","content":"3Q operating cash flow of $126 million, a $30 million increase vs 3Q24","length":70,"tagName":"p"}]},{"val":[{"type":"text","content":"Strengthened balance sheet by reducing debt $296 million using Aerospace proceeds and operating cash flow","length":105,"tagName":"p"}]},{"val":[{"type":"text","content":"Reaffirmed the midpoint of 2025 sales and adjusted EPS guidance; narrowed guidance range","length":88,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":392,"olType":false},{"type":"text","content":"President and CEO Karl Glassman commented, "We are pleased to report solid results for the quarter, achieved amid ongoing macroeconomic challenges. Our performance reflects continued progress on strategic priorities and disciplined execution across the company. During the quarter, we successfully completed the sale of our Aerospace business, further sharpening our focus on core operations.","length":397,"tagName":"p"},{"type":"text","content":""Looking forward, the strength and resilience demonstrated across our business gives us the confidence to reaffirm the midpoint of our full year sales and adjusted EPS guidance. The dedication and hard work of our employees is creating a stronger, more agile company positioned for profitable growth. We remain focused on generating strong cash flow, strengthening our balance sheet, and creating long-term shareholder value."","length":436,"tagName":"p"},{"type":"text","content":" THIRD QUARTER RESULTS Net trade sales were $1.0 billion, a 6%2 decrease versus third quarter 2024","length":99,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Organic sales3 were down 4%","length":27,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Volume was down 6%, primarily from continued soft demand in residential end markets, Automotive, and Hydraulic Cylinders. These declines were partially offset by growth in Textiles and Work Furniture.","length":200,"tagN...