The earnings call presented a balanced outlook with notable achievements in earnings growth and debt reduction, supported by restructuring progress and metal margin expansion. However, these positives were countered by significant sales declines across major segments and challenges posed by the tariff landscape. The sentiment reflects both optimism for future growth and caution due to current market challenges.

Company Guidance -

Q3 2025

During Leggett & Platt's second quarter 2025 earnings call, the company provided guidance for the remainder of the fiscal year, maintaining its full-year sales and adjusted EPS projections. The sales range was set between $4.0 billion and $4.3 billion, reflecting a 2% to 9% decrease from 2024, while adjusted EPS was projected to be between $1.00 and $1.20. The company anticipates that adjusted EBIT margins will range from 6.5% to 6.9%. Their restructuring plan is expected to yield $35 million to $40 million in incremental EBIT benefits for 2025, with additional benefits in 2026, while also projecting $45 million in related sales attrition this year. The guidance factored in softer demand in residential markets, automotive, and hydraulic cylinders, with the company offsetting these challenges through strong performance in trade wire and rod sales, textiles, work furniture, and aerospace. Restructuring costs for 2025 are expected to be between $15 million to $25 million, down from prior estimates, with total restructuring costs now expected to be $65 million to $75 million by the end of the year. Additionally, the company aims to reduce total debt, which stood at $1.8 billion at the end of the quarter, by utilizing cash flow and proceeds from the Aerospace divestiture.

Earnings Growth and Balance Sheet Strength

Leggett & Platt grew earnings compared to last year and continued to strengthen their balance sheet and cash flow generation through restructuring and disciplined cost management.

Restructuring Plan Progress

The company made significant progress on their restructuring plan, expecting to complete it by year-end, leading to improved margins and reduced debt.

Metal Margin Expansion

Second quarter EBIT was $90 million, with adjusted EBIT up $4 million versus last year, primarily due to metal margin expansion, restructuring benefits, and disciplined cost management.

Debt Reduction

Total debt was reduced by $143 million to $1.8 billion, and the company plans to fully repay commercial paper balance later this year using divestiture proceeds and cash from operations.

Sustainable Metal Margin

The company expects the metal margin expansion to be sustainable, benefiting from 232 steel tariffs, which are seen as a protective measure by the current administration.

Leggett & Platt (LEG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

LEG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 03, 2025	2025 (Q3)	0.31 / -	0.32	―	―	―
Jul 31, 2025	2025 (Q2)	0.30 / 0.30	0.29	3.45% (+0.01)
Apr 28, 2025	2025 (Q1)	0.22 / 0.24	0.23	4.35% (<+0.01)
Feb 13, 2025	2024 (Q4)	0.20 / 0.21	0.26	-19.23% (-0.05)
Oct 28, 2024	2024 (Q3)	0.32 / 0.32	0.36	-11.11% (-0.04)
Aug 01, 2024	2024 (Q2)	0.29 / 0.29	0.38	-23.68% (-0.09)
Apr 30, 2024	2024 (Q1)	0.24 / 0.23	0.39	-41.03% (-0.16)
Feb 08, 2024	2023 (Q4)	0.27 / 0.26	0.39	-33.33% (-0.13)
Oct 30, 2023	2023 (Q3)	0.39 / 0.36	0.52	-30.77% (-0.16)
Jul 31, 2023	2023 (Q2)	0.39 / 0.38	0.7	-45.71% (-0.32)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

LEG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	$9.55	$8.08	-15.39%
Apr 28, 2025	$7.23	$9.52	+31.67%
Feb 13, 2025	$9.88	$10.33	+4.55%
Oct 28, 2024	$11.98	$12.46	+4.01%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Leggett & Platt (LEG) report earnings?

Leggett & Platt (LEG) is schdueled to report earning on Nov 03, 2025, After Close (Confirmed).

What is Leggett & Platt (LEG) earnings time?

Leggett & Platt (LEG) earnings time is at Nov 03, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is LEG EPS forecast?

LEG EPS forecast for the fiscal quarter 2025 (Q3) is 0.31.

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