Leggett & Platt ( (LEG) ) has released its Q1 earnings. Here is a breakdown of the information Leggett & Platt presented to its investors.
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Leggett & Platt is a diversified manufacturer specializing in engineered components and products for various sectors, including bedding, automotive, and aerospace. In the first quarter of 2025, Leggett & Platt reported sales of $1.0 billion, marking a 7% decrease compared to the same period last year, but the company saw a slight increase in adjusted earnings per share. The company highlighted its successful restructuring efforts and operational efficiency improvements, which contributed to better-than-expected earnings. Key financial metrics included a $7 million operating cash flow, a $63 million EBIT, and a net debt ratio of 3.77x adjusted EBITDA. Despite a challenging market environment, the company maintained its sales and adjusted EPS guidance for 2025, expecting sales between $4.0 and $4.3 billion and adjusted EPS between $1.00 and $1.20. Looking ahead, Leggett & Platt remains focused on its strategic priorities, including strengthening its balance sheet and improving profitability, while navigating macroeconomic uncertainties and trade policy challenges.