Leggett & Platt | 8-K: FY2025 Q1 Revenue Beats Estimate at USD 1.022 B

LB filings
2025.04.28 20:52
portai
I'm PortAI, I can summarize articles.

Revenue: As of FY2025 Q1, the actual value is USD 1.022 B, beating the estimate of USD 1.02 B.

EPS: As of FY2025 Q1, the actual value is USD 0.22, beating the estimate of USD 0.205.

EBIT: As of FY2025 Q1, the actual value is USD 62.9 M.

Segment Revenue

  • Total Company Trade Sales: $1.022 billion, a 7% decrease compared to 1Q 2024.
  • Bedding Products: Trade sales decreased 13% to $390.7 million.
  • Specialized Products: Trade sales decreased 5% to $300.1 million.
  • Furniture, Flooring & Textile Products: Trade sales decreased 1% to $331.3 million.

Operational Metrics

  • EBIT: $62.9 million, flat compared to 1Q 2024.
  • Adjusted EBIT: $66.6 million, a 5% increase from 1Q 2024.
  • EBIT Margin: 6.2%, up from 5.7% in 1Q 2024.
  • Adjusted EBIT Margin: 6.5%, up from 5.8%.
  • Net Earnings: $30.6 million, a 3% decrease from 1Q 2024.

Cash Flow

  • Operating Cash Flow: $6.8 million, a significant increase from -$6.1 million in 1Q 2024.
  • Capital Expenditures: $13 million.
  • Dividends: $7 million.

Unique Metrics

  • Net Debt: 3.77x trailing 12-month adjusted EBITDA.
  • Total Liquidity: $817 million, including $413 million cash on hand and $404 million in capacity remaining under revolving credit facility.

Outlook / Guidance

  • 2025 Guidance: Sales expected to be $4.0–$4.3 billion, with EPS of $0.85–$1.26 and adjusted EPS of $1.00–$1.20.
  • Volume Expectations: Down low double digits in Bedding Products, down mid-single digits in Specialized Products, and down low single digits in Furniture, Flooring & Textile Products.
  • Restructuring Plan: Anticipated annualized EBIT benefit of $60–$70 million after full implementation.
Source: LB filings The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.