Leggett & Platt Soars On Acquisition Buzz—Here’s What’s Behind The Deal!

Leggett & Platt reported their third quarter 2025 financial results amidst a challenging macro environment, providing a balanced overview of the company’s performance, strategic initiatives, and market dynamics. The company managed a slight decline in sales at $1 billion, down 6% year-over-year, primarily due to ongoing softness in residential end markets and the divestiture of their Aerospace business. Despite this, Leggett & Platt maintained the midpoint of their full-year sales and adjusted EPS guidance, indicating cautious optimism. A significant highlight is the company’s strategic restructuring, which has nearly concluded. This restructuring effort, encompassing cost management and operational efficiencies, is expected to yield annual EBIT benefits between $60 million and $70 million. This adjustment contributed to improved cash flow, enabling Leggett & Platt to significantly reduce debt, bringing total debt reduction to $367 million year-to-date.