Overview

* Leggett & Platt ( LEG ) 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 ( LEG ) 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/Mis Actual Consensu

s s

Estimate

Q2 Sales Beat $1.10 $1.06

bln 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 ( LEG ) 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:

(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.)