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Mar 31, 2025
Leggett & Platt Q1 2025 Earnings Report
Leggett & Platt reported its first quarter 2025 earnings, with sales decreasing by 7% and adjusted EPS increasing by $0.01 compared to the prior year.
Key Takeaways
Leggett & Platt reported first quarter 2025 sales of $1.0 billion, a 7% decrease from the prior year, but achieved better than anticipated earnings. Adjusted EPS increased by $0.01 to $0.24, and operating cash flow significantly improved to $7 million.
First quarter sales were $1.0 billion, a 7% decrease compared to the first quarter of 2024.
Adjusted EPS for the first quarter was $0.24, a $0.01 increase from the adjusted EPS of the first quarter of 2024.
Operating cash flow for the first quarter was $7 million, an increase of $13 million compared to the first quarter of 2024.
The company maintained its 2025 guidance for sales and adjusted EPS, with sales expected to be $4.0–$4.3 billion and adjusted EPS between $1.00–$1.20.
Revenue by Segment
Forward Guidance
Leggett & Platt maintained its 2025 sales and adjusted EPS guidance, expecting sales between $4.0–$4.3 billion and adjusted EPS between $1.00–$1.20. The company anticipates continued benefits from its restructuring plan and steel-related tariffs.
Positive Outlook
- Restructuring plan estimates unchanged, with an annualized EBIT benefit of $60–$70 million expected.
- Anticipated receipt of $60–$80 million cash from real estate sales associated with the plan.
- Adjusted EPS at the midpoint is expected to increase versus 2024 due to restructuring benefits, operational efficiency improvements, and metal margin expansion.
- Tariffs overall may be a net positive for the business.
- The company remains confident in its ability to successfully execute strategic priorities and deliver long-term shareholder value.
Challenges Ahead
- Volume is now expected to be down low to high-single digits.
- Domestic bedding industry is expected to be more challenged than previously anticipated.
Revenue & Expenses
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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