Diversified furniture components manufacturer Leggett & Platt has reported a decline in second quarter sales but improved profitability.
According to its Q2 2025 trading update, total sales were down 6% to $1.1 billion, with organic sales also down 6%.
“Volume was down 7%, primarily from continued soft demand in residential end markets, Automotive, and Hydraulic Cylinders,” the group said. “These declines were partially offset by higher trade wire and rod sales and growth in Textiles, Work Furniture, and Aerospace.”
Second quarter EBIT was $90 million, a $705 million increase from second quarter 2024. Adjusted EBIT was $76 million, a $4 million increase.
Within its segments, Bedding Products saw sales decline 11%, with volumes down 12% due to demand softness in U.S. and European bedding markets. EBIT increased $619 million.
Furniture, Flooring & Textile Products experienced a decline in sales by 2%, while volumes down 1% due to demand softness in Home Furniture and Flooring partially offset by growth in Textiles and Work Furniture. EBIT increased $34 million.
Looking ahead, sales are expected to be $4.0–$4.3 billion, down 2% to 9% versus 2024.
President and CEO Karl Glassman commented: “We are pleased to report another quarter of profitability improvement. We further strengthened our balance sheet by reducing debt and favourably amending our revolving credit facility.
“We also remain on track to complete the sale of our Aerospace business this year. The continued progress on our strategic initiatives is a direct reflection of the dedication and talent of our employees.
“In the face of ongoing macroeconomic headwinds and uncertainty surrounding global trade policy, we remain confident in the strength and resilience of our business. Our focused execution and diversified portfolio give us the conviction to reaffirm our full-year guidance for both sales and adjusted EPS.
“We remain focused on creating long-term value for our shareholders. Our actions are aligned with our strategy to build a stronger, more agile company positioned for long-term, sustainable growth.”
