LEGGETT & PLATT INC (LEG) FY2025 10-K Annual Report
LEGGETT & PLATT INC (LEG) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 26, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
LEGGETT & PLATT INC FY2025 10-K Analysis
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
LEGGETT & PLATT INC FY2025 Key Financial MetricsXBRL
Revenue
$4.1B
▼ -7.5% YoY
Net Income
$235M
▲ +146.0% YoY
Gross Margin
18.3%
▲ +126bp YoY
Net Margin
5.8%
▲ +1747bp YoY
ROE
23.0%
▲ +9723bp YoY
Total Assets
$3.5B
▼ -3.4% YoY
EPS (Diluted)
$1.69
▲ +145.3% YoY
Operating Cash Flow
$338M
▲ +10.6% YoY
Source: XBRL data from LEGGETT & PLATT INC FY2025 10-K filing on SEC EDGAR. All figures in USD.
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