Short answer
LEGGETT & PLATT INC (LEG) filed its fiscal 2025 10-K annual report with the SEC on Feb 26, 2026. It reported revenue of $4.1B (−7.5% year over year) and net income of $235M.
- Top risk flagged: Cybersecurity risk with increased sophistication of attacks including ransomware targeting industrial control systems
FY2025 key financial metrics · XBRL
- Revenue
- $4.1B
- −7.5% YoY
- Net income
- $235M
- +146.0% YoY
- Gross margin
- 18.3%
- +1.3 pp YoY
- EPS (diluted)
- $1.69
- +145.3% YoY
- ROE
- 23.0%
- +97.2 pp YoY
- Operating cash flow
- $338M
- +10.6% YoY
Source: XBRL data from the LEGGETT & PLATT INC (LEG) FY2025 10-K on SEC EDGAR. USD.
LEGGETT & PLATT INC FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model centered on manufacturing and distributing products for Bedding, Specialized Products, and Furniture, Flooring & Textile segments
- 2024 Restructuring Plan consolidated 21 manufacturing and distribution facilities to reduce complexity and align capacity with demand
- Steel rod mill in Sterling, IL with 500,000 tons annual capacity critical to Bedding segment production, especially mattress innersprings
- Significant excess production capacity in 2025, most facilities operating below full utilization
- No material liens on manufacturing properties; strategic facility locations support efficient distribution nationwide
Management Discussion & Analysis
- Revenue $4,055M in 2025, down 7% YoY from $4,384M in 2024; organic sales down 5% excluding 2% from divestitures
- EBIT $356M in 2025 vs loss of $430M in 2024, primarily due to restructuring benefits and metal margin expansion
- Bedding segment fair value premium over carrying value at 20%, highest goodwill value $324M; Specialized Products divested Aerospace Group for $280M
- Cash from operations $338M in 2025, up from $306M in 2024; used proceeds from Aerospace divestiture primarily to reduce debt
- Management expects 2026 demand flat or modestly lower; planning $15M pretax restructuring costs in 2026 to enhance profitability
Risk Factors
- Cybersecurity risk with increased sophistication of attacks including ransomware targeting industrial control systems
- Board oversight with CIO and CFO reporting quarterly on material cybersecurity threats or incidents
- Potential operational disruption from system failures affecting third-party suppliers and providers
- Financial impact from remediation costs, ransom payments, litigation, increased insurance premiums, and lost revenues
- Key cybersecurity roles filled since October 2024 by CISO with 20+ years experience and certified credentials
Generated from the filing text; verify against the original. How to read a 10-K
Ask about this 10-K
Compare years, dig into a risk factor or check the numbers against insider trades and fund holders.