Diversified furniture components manufacturer Leggett & Platt has reported a decline in fourth quarter and full year sales.
According to its Q4 2025 trading update, total sales were down 11% to $939m, with organic sales also down 6%.
Adjusted EBIT was $48 million, an $8 million decrease from fourth quarter 2024. Adjusted EBIT margin was 5.1%, down from 5.3%.
Full year sales were down 7% to $4.05 billion, with adjusted EBIT at $263 million, a $4 million decrease from 2024.
Within its segments, Bedding Product sales fell 11% in Q4, with volumes downs 15%, primarily due to sales weakness at a certain customer and retailer merchandising changes in Adjustable Bed and Specialty Foam and restructuring-related sales attrition, partially offset by higher trade wire and rod sales.
As for Furniture, Flooring & Textile Products, sales were down 3% while volumes decreased 2% due to demand softness in Home Furniture and Flooring partially offset by growth in Textiles and Work Furniture.
For the full year, Bedding Product sales were 11% with volumes down 12%, while Furniture, Flooring & Textile Products saw sales slip 1% with volumes flat on the prior year.
Looking ahead, sales are expected to be $3.8–$4.0 billion, down 1% to 6% versus 2025.
President and CEO Karl Glassman commented: “Throughout 2025, our teams executed our strategic priorities, including strengthening our balance sheet, improving operational efficiency, and positioning the company for long-term growth. We made significant progress on our deleveraging efforts, reducing our debt and lowering our net debt leverage ratio to 2.4x. This was a tremendous step toward achieving our long-term target of 2.0x, making Leggett more agile and enabling us to shift our focus to pursuing opportunities for growth and returning capital to shareholders.
“We are pleased the restructuring plan we launched in early 2024 was substantially completed by the end of 2025, resulting in greater EBIT benefit with lower costs than originally expected. We are confident the significant improvements made over the past two years are sustainable, will support improved profitability and cash flow, and position us to benefit from the future recovery in residential market demand.”
