Leggett & Platt

LEG Q2 2025 Earnings

Reported Jul 31, 2025 at 4:54 PM ET · SEC Source

Q2 25 EPS

$0.30

MISS 1.64%

Est. $0.31

Q2 25 Revenue

$1.06B

MISS 0.17%

Est. $1.06B

vs S&P Since Q2 25

-1.2%

TRAILING MARKET

LEG +16.8% vs S&P +17.9%

Market Reaction

Did LEG Beat Earnings? Q2 2025 Results

Leggett & Platt delivered a modest earnings miss in the second quarter of 2025, posting adjusted EPS of $0.30 against a consensus estimate of $0.30, a shortfall of 1.64%, while revenue of $1.06 billion came in essentially in line but still edged belo… Read more Leggett & Platt delivered a modest earnings miss in the second quarter of 2025, posting adjusted EPS of $0.30 against a consensus estimate of $0.30, a shortfall of 1.64%, while revenue of $1.06 billion came in essentially in line but still edged below expectations and fell 6.3% from the year-ago period. The top-line decline was driven primarily by a 7% volume drop tied to soft demand across residential end markets, Automotive, and Hydraulic Cylinders, underscoring the persistent macro headwinds the diversified manufacturer continues to navigate. Yet beneath the headline weakness, the company showed tangible operational progress, with adjusted EBIT rising to $76 million from $72 million a year ago, supported by metal margin expansion and restructuring benefits. Some analysts have noted that statutory profit figures obscure the company's underlying earnings power, given the drag from one-time items. Management held its full-year 2025 guidance steady, targeting sales of $4.00 billion to $4.30 billion and adjusted EPS of $1.00 to $1.20, though volume expectations for Bedding Products were trimmed to down mid-teens, reflecting continued softness in residential markets.

Key Takeaways

  • Metal margin expansion
  • Restructuring benefit of $13 million incremental EBIT in Q2 2025
  • Disciplined cost management
  • Selling & administrative expenses decreased 10% year-over-year
  • Lower depreciation and amortization due to Aerospace meeting held-for-sale criteria
24/7 Wall St

LEG YoY Financials

Q2 2025 vs Q2 2024, source: SEC Filings

24/7 Wall St

LEG Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q1 26

“We are pleased to report another quarter of profitability improvement. We further strengthened our balance sheet by reducing debt and favorably amending our revolving credit facility. We also remain on track to complete the sale of our Aerospace business this year. The continued progress on our strategic initiatives is a direct reflection of the dedication and talent of our employees.”

— Karl Glassman, Q2 2025 Earnings Press Release