Leggett & Platt Incorporated : Presentation for 1Q 2025 Conference Call

Published: 2025-04-28 16:36:27 ET LEG

First Quarter 2025

Summary Financial Information, Tariff Overview and Restructuring Update

April 28, 2025

Financial Summary

Overview

Q1 sales of $1.0 billion, a 7% decrease vs Q1-24

Volume was down 5%

Raw material-related price decreases reduced sales 1%

Currency impact reduced sales 1%

Q1 adjusted1 EBIT of $67 million, up $3 million vs Q1-24 adjusted1 EBIT

Adjusted1 EBIT margin of 6.5%, up 70 bps vs Q1-24 adjusted1 EBIT margin

Q1 adjusted1 EPS of $.24, up $.01 vs Q1-24 adjusted1 EPS of $.23

Q1 cash flow of $7 million, up $13 million vs Q1-24

2025 sales and adjusted EPS guidance unchanged

Sales: $4.0-$4.3 billion

Adjusted EPS: $1.00-$1.20

Cash Flow: $275-$325 million

¹ See slides 5 and 28 for calculation of adjusted EBIT, adjusted EBIT margin, and adjusted EPS 4

Q1 2025 Financial Highlights

$'s in millions

(except EPS)

Reported

Q1-25

Adj.1

Adj.1 Q1-25

Reported

Q1-24

Adj.1

Adj.1 Q1-24

Change

Sales

$1,022

$1,022

$1,097

$1,097

(7)%

EBIT

63

4

67

63

1

64

5%

EBIT Margin

6.2%

6.5%

5.7%

5.8%

70 bps

EPS

.22

.02

.24

.23

-

.23

4%

7

7

Cash from Operations

211%

(6)

(6)

EBITDA

95

4

98

96

1

97

2%

EBITDA margin

9.2%

9.6%

8.7%

8.8%

80 bps

¹ See slide 28 for non-GAAP adjustments

5

Disclaimer

Leggett & Platt Inc. published this content on April 28, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 28, 2025 at 20:35 UTC.