Diversified furniture components manufacturer Leggett & Platt has reported a decline in third quarter sales.
According to its Q3 2025 trading update, total sales were down 6% to $1 billion, with organic sales also down 4%.
Adjusted EBIT was $73 million, a $3 million decrease from third quarter 2024 adjusted EBIT. Adjusted EBIT margin was 7%, up from 6.9%.
Within its segments, Bedding Product sales fell 10%, with volumes downs 13%, primarily due to customer weakness and retailer merchandising changes in Adjustable Bed and Specialty Foam, lower trade rod sales, and restructuring-related sales attrition.
As for Furniture, Flooring & Textile Products, sales were flat while volumes increased 1% due to growth in Textiles and Work Furniture, which was partially offset by declines in Home Furniture and Flooring.
Looking ahead, sales are now expected to be $4.0–$4.1 billion (versus $3.9–$4.2 billion previously), down 6% to 9% versus 2024.
President and CEO Karl Glassman commented: “We are pleased to report solid results for the quarter, achieved amid ongoing macroeconomic challenges. Our performance reflects continued progress on strategic priorities and disciplined execution across the company. During the quarter, we successfully completed the sale of our Aerospace business, further sharpening our focus on core operations.
“Looking forward, the strength and resilience demonstrated across our business gives us the confidence to reaffirm the midpoint of our full year sales and adjusted EPS guidance. The dedication and hard work of our employees is creating a stronger, more agile company positioned for profitable growth. We remain focused on generating strong cash flow, strengthening our balance sheet, and creating long-term shareholder value.”
