Leggett & Platt, Inc. reported a decline in financial performance for the fiscal year ending December 31, 2025, with net trade sales of $4.06 billion, a decrease of 7% from $4.38 billion in 2024. The decline was attributed to a 2% reduction from divestitures and a 5% decrease in organic sales, primarily driven by volume declines of 6%, which were partially offset by raw material-related selling price increases and a 1% currency benefit. The company recorded earnings before interest and taxes (EBIT) of $356 million, a significant recovery from a loss of $430 million in the previous year, largely due to restructuring benefits and metal margin expansion.
In terms of strategic developments, Leggett & Platt completed the divestiture of its Aerospace Products Group in August 2025 for $280 million, resulting in a pretax gain of $91 million. The proceeds from this sale were primarily utilized to reduce debt. The company also executed a restructuring plan that consolidated 17 production and distribution facilities in its Bedding Products segment and four in its Furniture, Flooring & Textile Products segment, which was substantially completed by the end of 2025. The restructuring is expected to yield an annualized EBIT benefit of $63 million, with an additional $5 million anticipated in 2026.
Operationally, Leggett & Platt had approximately 15,900 employees at the end of 2025, a decrease from 17,700 in 2024. The company operates 104 manufacturing facilities across 18 countries, with 61 located in the United States. The company’s international operations accounted for 41% of total sales in 2025, with significant contributions from Europe, China, Canada, and Mexico. The company continues to face challenges in the automotive sector, particularly due to the rise of Chinese electric vehicle manufacturers, which has pressured its market share among multinational OEMs.
Looking ahead, Leggett & Platt anticipates that overall demand in 2026 will be flat or modestly lower than in 2025, influenced by macroeconomic factors such as consumer confidence, housing turnover, and employment levels. The company is also focused on improving its cost structure and profitability through ongoing evaluations of its operations and potential restructuring activities. The management remains cautious about the impact of tariffs and supply chain disruptions on its business, particularly in light of the competitive pressures from foreign manufacturers and the evolving landscape of the automotive industry.
About LEGGETT & PLATT INC
Leggett & Platt is a diversified manufacturer specializing in engineered components and products for bedding, furniture, automotive, aerospace, and industrial markets. Its core segments include Bedding Products, Specialized Products, and Furniture, Flooring & Textile Products. The company supplies raw materials, finished goods, and custom solutions globally, leveraging vertical integration, innovation, and cost efficiencies to serve OEMs, retailers, and industrial customers.
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