Leggett & Platt reported second-quarter 2025 sales of $1.1 billion, a 6% decrease compared to the second quarter of 2024. Adjusted EBIT for the quarter was $76 million, an increase of $4 million year-over-year, reflecting improved profitability.
The company's adjusted EPS for the second quarter was $0.30, up $0.01 from the prior year. Leggett & Platt significantly strengthened its balance sheet by reducing total debt by $143 million in the second quarter to $1.8 billion, bringing its net debt to trailing 12-month adjusted EBITDA to 3.5x.
Furthermore, the company favorably amended its revolving credit facility in July 2025, extending its maturity to July 2030 and reducing borrowing capacity to $1 billion while maintaining a leverage ratio covenant of 3.5x. The full-year 2025 guidance for sales and adjusted EPS was reaffirmed, and annualized EBIT benefits from the restructuring plan are now expected to reach $60 million to $70 million.
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