Leggett & Platt reported first-quarter 2025 sales of $1.0 billion, a 7% decrease compared to the first quarter of 2024. Adjusted EBIT for the quarter was $67 million, an increase of $3 million year-over-year, driven by restructuring benefits and disciplined cost management.
The company's adjusted EPS for the first quarter was $0.24, up $0.01 from the prior year, exceeding expectations. Operating cash flow improved significantly to $7 million, an increase of $13 million versus the first quarter of 2024, primarily due to more efficient working capital management.
Leggett & Platt maintained its full-year 2025 sales guidance of $4.0-$4.3 billion and adjusted EPS guidance of $1.00-$1.20, despite anticipating lower domestic bedding volumes. The company views tariffs as a potential net positive, particularly steel tariffs benefiting metal margins, while acknowledging concerns about broader economic impacts.
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