Leggett & Platt Completes Sales of Aerospace Products Group for Estimated Proceeds of $250 Million; Lowers Full-Year Outlook-March 2024-www.financetom.com

Leggett & Platt Completes Sales of Aerospace Products Group for Estimated Proceeds of $250 Million; Lowers Full-Year Outlook

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Leggett & Platt Completes Sales of Aerospace Products Group for Estimated Proceeds of $250 Million; Lowers Full-Year Outlook

Aug 29, 2025 7:36 AM

10:05 AM EDT, 08/29/2025 (MT Newswires) -- Leggett & Platt ( LEG ) said Friday it has closed the sale of its aerospace products group to funds managed by Tinicum with anticipated post-tax proceeds of about $250 million.

The company will use the proceeds to pay its debt and strengthen its balance sheet and leverage ratio, it added.

Leggett & Platt ( LEG ) said as a result of the divestiture, it now expects full-year 2025 adjusted earnings in the range of $0.95 to $1.15 per share, down from its prior range of $1 to $1.20.

Four analysts polled by FactSet expect $1.08.

Sales for the year are now expected in the range of $3.9 billion to $4.2 billion, down from its prior range of $4 billion to $4.3 billion, the company added.

Four analysts surveyed by FactSet expect $4.11 billion.

Price: 9.78, Change: +0.05, Percent Change: +0.51

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