Leggett & Platt Q2 sales beat estimates, EPS rises

Leggett & Platt

31/07/2025 21:21

Overview

Leggett & Platt Q2 sales of $1.1 bln beat analyst expectations

Adjusted EPS for Q2 rises to $.30, up $.01 yr/yr

Co reduced debt by $143 mln, improving balance sheet

Outlook

Leggett & Platt maintains 2025 sales and adjusted EPS guidance

Result Drivers

SOFT DEMAND - Volume decreased 7% due to continued soft demand in residential, automotive, and hydraulic cylinders

PRICE INCREASES - Raw material-related selling price increases and currency benefits added 1% to sales

SEGMENT GROWTH - Growth in textiles, work furniture, and aerospace partially offset declines in other segments

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$1.10 bln
$1.06 bln (4 Analysts)
Q2 EPS
$0.38


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the home furnishings peer group is "buy."

Wall Street's median 12-month price target for Leggett & Platt Inc is $10.00, about 3.4% above its July 30 closing price of $9.66

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nPn6bTWXFa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)