# EDGAR Filing Document

**Accession Number:** 0000058492
**File Stem:** 0001193125-25-170589
**Filing Date:** 2025-7
**Character Count:** 52009
**Document Hash:** 9d3642908f14d4a3aa3ac737a76b0d5a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-170589.hdr.sgml**: 20250731

**ACCESSION NUMBER**: 0001193125-25-170589

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20250731

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250731

**DATE AS OF CHANGE**: 20250731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LEGGETT & PLATT INC
- **CENTRAL INDEX KEY:** 0000058492
- **STANDARD INDUSTRIAL CLASSIFICATION:** HOUSEHOLD FURNITURE [2510]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 440324630
- **STATE OF INCORPORATION:** MO
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-07845
- **FILM NUMBER:** 251172423

**BUSINESS ADDRESS:**
- **STREET 1:** NO. 1 LEGGETT ROAD
- **CITY:** CARTHAGE
- **STATE:** MO
- **ZIP:** 64836
- **BUSINESS PHONE:** (417) 358-8131

**MAIL ADDRESS:**
- **STREET 1:** NO. 1 LEGGETT ROAD
- **CITY:** CARTHAGE
- **STATE:** MO
- **ZIP:** 64836

?xml version='1.0' encoding='ASCII'? FORM 8-K

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

### FORM 8-K

#### CURRENT REPORT

#### Pursuant to Section 13 OR 15(d)

#### of The Securities Exchange Act of 1934

#### Date of Report (Date of earliest event reported) July 31, 2025

## LEGGETT & PLATT, INCORPORATED

#### (Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Missouri** | **001-07845** | **44-0324630** |
| **(State or other jurisdiction**<br> **of incorporation)** | **(Commission**<br> **File Number)** | **(IRS Employer**<br> **Identification No.)** |

---

---

| | |
|:---|:---|
| **1 Leggett Road** |  |
| **Carthage, MO** | **64836** |
| **(Address of principal executive offices)** | **(Zip Code)** |

---

#### Registrant's telephone number, including area code 417-358-8131

#### N/A

#### (Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | |
|:---|:---|
| **Title of each class** | **Name of each exchange**<br> **on which registered** |
| Common Stock, $.01 par value LEG | New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

---

| | |
|:---|:---|
| **Item 2.02** | **Results of Operations and Financial Condition.**  |

---

On July 31, 2025, Leggett & Platt, Incorporated (the "Company") issued a press release announcing its financial results for the second quarter ending June 30, 2025 and related matters. The press release is attached as <u>[Exhibit 99.1](d41851dex991.htm)</u> and is incorporated herein by reference.

This information is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section. This information shall not be incorporated by reference into any document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

On August 1, 2025, the Company will hold an investor conference call to discuss its second quarter results, annual earnings guidance, market conditions, company initiatives, and related matters.

The press release contains the Company's (i) Net Debt/Adjusted EBITDA (trailing twelve months) ratio; (ii) Adjusted EPS; (iii) Adjusted EBIT; (iv) Adjusted EBIT Margin; (v) EBITDA; (vi) EBITDA Margin; (vii) Adjusted EBITDA; (viii) Adjusted EBITDA Margin; (ix) Adjusted EBITDA (trailing twelve months); and (x) change in Organic Sales.

The press release also contains Segments' (i) Adjusted EBIT; (ii) Adjusted EBIT Margin; (iii) Adjusted EBITDA; (iv) Adjusted EBITDA Margin; and (v) change in Organic Sales.

Company management believes the presentation of Net Debt/Adjusted EBITDA (trailing twelve months) provides investors a useful way to assess the time it would take the Company to pay off its debt, ignoring various factors including interest and taxes. Management uses this ratio as supplemental information to assess its ability to pay off its incurred debt. Because we may not be able to use our earnings to reduce our debt on a dollar-for-dollar basis, the presentation of Net Debt/Adjusted EBITDA (trailing twelve months) may have material limitations.

Company management believes the presentation of Company Adjusted EPS, Adjusted EBIT, Adjusted EBIT Margin, EBITDA, EBITDA Margin, Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted EBITDA (trailing twelve months), and Segment Adjusted EBIT, Adjusted EBIT Margin, Adjusted EBITDA, and Adjusted EBITDA Margin is useful to investors in that it aids investors' understanding of underlying operational profitability. Management uses these non-GAAP measures as supplemental information to assess the Company's operational performance.

Organic Sales is calculated as trade sales excluding sales attributable to acquisitions and divestitures consummated within the last twelve months. Company management believes the presentation of change in Organic Sales is useful to investors and is used by management as supplemental information to analyze our underlying sales performance from period to period in our legacy businesses.

The above non-GAAP measures may not be comparable to similarly titled measures used by other companies and should not be considered a substitute for, or more meaningful than, their GAAP counterparts. For non-GAAP reconciliations, please refer to pages 7 and 8 of the press release.

---

| | |
|:---|:---|
| **Item 7.01** | **Regulation FD Disclosure.**  |

---

The information provided in Item 2.02, including [<u>Exhibit 99.1</u>](d41851dex991.htm), is incorporated herein by reference.

------

---

| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.**  |

---

(d) <u>Exhibits</u>.

#### EXHIBIT INDEX

---

| | |
|:---|:---|
| **Exhibit<br>No.** | **Description** |
| 99.1\* | [Press Release dated July 31, 2025](d41851dex991.htm) |
| 104 | Cover Page Interactive Data File (embedded within the inline XBRL document) |

---

\* Denotes furnished herewith.

------

#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | LEGGETT & PLATT, INCORPORATED | LEGGETT & PLATT, INCORPORATED |
| Date: July 31, 2025 | By: | /s/ Jennifer J. Davis |
|  |  | **Jennifer J. Davis** |
|  |  | **Executive Vice President –** |
|  |  | **General Counsel** |

---

## Exhibit 99.1

**Exhibit 99.1**![LOGO](g41851g0731025808100.jpg) ![LOGO](g41851g0731025808231.jpg)

FOR IMMEDIATE RELEASE: July 31, 2025

**Leggett & Platt Reports 2Q 2025 Results** 

Carthage, MO, July 31, 2025 —-

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 2Q sales of $1.1 billion, a 6% decrease vs 2Q24

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 2Q EPS of $.38, 2Q adjusted<sup>1</sup> EPS of $.30, a $.01 increase vs
adjusted<sup>1</sup> 2Q24 EPS

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Strengthened balance sheet primarily through debt reduction of $143 million during the quarter, leading to
an improved net debt to 12-month trailing adjusted EBITDA<sup>1</sup> ratio of 3.5x

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Maintained 2025 sales and adjusted EPS guidance

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Amended credit facility agreement effective July 24, including extending the maturity to July 2030

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 favorably 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."

**<u>SECOND QUARTER RESULTS</u>**

**Second quarter sales** were $1.1 billion, a 6%<sup>2</sup> decrease versus second quarter 2024

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Organic sales<sup>3</sup> were down 6%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Volume was down 7%, primarily from continued soft demand in residential end markets, Automotive, and Hydraulic
Cylinders. These declines were partially offset by higher trade wire and rod sales and growth in Textiles, Work Furniture, and Aerospace.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Raw material-related selling price increases and currency benefit increased sales 1%

**Second quarter EBIT** was $90 million, a $705 million increase from second quarter 2024. **Adjusted<sup>1</sup> EBIT** was $76 million, a $4 million increase from second quarter 2024 adjusted<sup>1</sup> EBIT.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 2Q 2025 adjustments include: $4 million of restructuring charges and $18 million <u>gain</u> from real
estate sales

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 2Q 2024 adjustments include: $675 million non-cash goodwill
impairment, $11 million of restructuring charges, $4 million of CEO transition costs, and a $5 million <u>gain</u> from the sale of real estate

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Adjusted<sup>1</sup> EBIT increased primarily from metal margin
expansion, restructuring benefit, and disciplined cost management partially offset by lower volume

<sup>1</sup> Please refer to attached tables for Non-GAAP Reconciliations

<sup>2</sup> 1% from restructuring-related sales attrition 

<sup>3</sup> Trade sales excluding acquisitions/divestitures in the last 12 months

------

**EBIT margin** was 8.5%, up from (54.4%) in the second quarter of 2024, and **adjusted<sup>1</sup> EBIT margin** was 7.1%, up from 6.3%.

**Second quarter EPS** was $.38 versus a loss of $4.39 in second quarter 2024. **Second quarter adjusted<sup>1</sup> EPS** was $.30, up $.01 versus second quarter 2024 adjusted<sup>1</sup> EPS of $.29.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Second Quarter Results <sup>1</sup>** | **Second Quarter Results <sup>1</sup>** | **Second Quarter Results <sup>1</sup>** | **Second Quarter Results <sup>1</sup>** | **Second Quarter Results <sup>1</sup>** |
|  | **EBIT (millions)** | **EBIT (millions)** | **EBIT (millions)** | **EBIT (millions)** | **EPS** |
|  | Bedding | Specialized | FF&T | Total | |
|  **Reported results** | $**27** | $**39** | $**24** | $**90** | $**.38** |
|  Adjustment items: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restructuring, restructuring- related, and impairment charges <sup>2</sup> | 2 | 1 | 1 | 4 | .02 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain from sale of restructuring real estate | (17) |  |  | (17) | (.09) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain from sale of idle real estate |  | (2) |  | (2) | (.01) |
|  **Total adjustments** | **(15)** | **(1)** | **1** | **(15)** | **(.08)** |
|  **Adjusted results** | $**13** | $**38** | $**25** | $**76** | $**.30** |

---

<sup>1</sup> Calculations impacted by rounding

<sup>2</sup> Includes <$1 million of divestiture-related expenses associated with the pending Aerospace sale in the Specialized Products segment 

**<u>DEBT, CASH FLOW, AND LIQUIDITY</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Net Debt** <sup>1</sup> was 3.5x trailing 12-month adjusted EBITDA<sup>1</sup>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Debt** at June 30

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Reduced debt by $143 million in second quarter 2025

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Total debt of $1.8 billion, including $297 million of commercial paper outstanding

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** **Amended credit agreement effective July 24** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Decreased credit facility size from $1.2 billion to $1.0 billion

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Facility covenant requires maximum of 3.5x net debt to trailing 12-month adjusted EBITDA

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Facility maturity extended to July 2030

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Operating cash flow** was $84 million in the second quarter, a decrease of $10 million versus
second quarter 2024, primarily driven by less benefit from working capital and non-cash earnings items

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Capital expenditures** were $9 million

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Dividends** were $7 million

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• In May, Leggett & Platt's Board of Directors declared a second quarter dividend of $.05 per share,
flat versus last year's second quarter dividend

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Total liquidity** was $878 million at June 30

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• $369 million cash on hand

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• $509 million in capacity remaining under revolving credit facility

**<u>RESTRUCTURING PLAN UPDATE</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Estimates have been updated due largely to our decision to retain a small number of facilities that were
previously identified for closure

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annualized EBIT benefit of $60–$70 million expected to be realized after initiatives are fully
implemented

2 of 8

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Realized $13 million of incremental<sup>4</sup> EBIT benefit in
second quarter 2025

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Expect approximately $35–$40 million of
incremental<sup>4</sup> EBIT benefit to be realized in 2025 and approximately $5–$10 million of incremental<sup>4</sup> EBIT benefit in 2026

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Anticipate approximately $65 million of annual sales attrition after initiatives are fully implemented
versus our prior expectations of $80 million

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Realized $11 million of incremental<sup>4</sup> sales attrition in
second quarter 2025, including $3 million from the divestiture of a small U.S. machinery business in our Bedding Products segment

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Expect approximately $45 million of incremental<sup>4</sup> sales
attrition in 2025 and approximately $5 million of incremental<sup>4</sup> sales attrition in 2026

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Estimate real estate proceeds of $70–$80 million versus our previous estimate of
$60–$80 million

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Of the remaining $30–$40 million of cash proceeds, now anticipate $0–$10 million in the
second half of 2025 with the balance in 2026 due to timing of listing properties

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Expect restructuring and restructuring-related costs from inception of $65–$75 million versus our prior
estimate of $80–$90 million

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Anticipate cash restructuring and restructuring-related costs of $40–$45 million

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Expect non-cash restructuring and restructuring-related costs to be
$25–$30 million

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Actual Restructuring<br>Plan Impacts (millions)** | **Actual Restructuring<br>Plan Impacts (millions)** | **Full Year Restructuring Plan Impacts<br>(millions)** | **Full Year Restructuring Plan Impacts<br>(millions)** | **Full Year Restructuring Plan Impacts<br>(millions)** |
|  | 2Q 2025 | YTD 2025 | 2024 | 2025 | Total |
|  **Net Cash Received from Real Estate Sales** | $**19** | $**19** | $**20** | $**20–$30** | $**70–$80** |
|  **Total Costs** | $**3** | $**9** | $**48** | $**15–$25** | $**65–$75** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash Costs | 2 | 7 | 30 | 10–15 | 40–45 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-Cash Costs | 1 | 2 | 18 | 5–10 | 25–30 |

---

**<u>2025 GUIDANCE</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Sales and adjusted EPS are unchanged and contemplates owning Aerospace for the full year

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Sales** are expected to be $4.0–$4.3 billion, down 2% to 9% versus 2024

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Volume is expected to be down low single to low double digits (versus down low to high single digits)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Volume at the midpoint:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Down mid-teens in Bedding Products segment (versus down low double
digits)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Down mid-single digits in Specialized Products segment

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Down low single digits in Furniture, Flooring & Textile Products segment

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Raw material-related price increases and currency benefit are expected to be up low single digits (versus flat to
up low single digits)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **EPS** is now expected to be $0.88–$1.17 (versus prior guidance of $.85–$1.26)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Earnings expectations include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• $.08 to $.13 per share impact from restructuring costs

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• $.11 per share fourth quarter impact from a non-cash settlement charge
related to the termination of a pension plan

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• $.12 to $.16 per share <u>gain</u> from sales of real estate, consisting of real estate exited from restructuring
initiatives and idle real estate

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Adjusted EPS** is expected to be $1.00–$1.20

<sup>4</sup> Represents year-over-year change

3 of 8

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At the midpoint, increase versus 2024 due primarily to metal margin expansion and restructuring benefit partially
offset by lower volume

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Based on this framework, 2025 EBIT margin is expected to be 5.9%–6.8%; adjusted EBIT margin is expected to
be 6.5%–6.9%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Additional expectations:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Depreciation and amortization $125 million (versus $135 million)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net interest expense $70 million

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Effective tax rate 26% (versus 25%)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fully diluted shares 139 million

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Operating cash flow $275–$325 million

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Capital expenditures $80–$90 million (versus $100 million)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Minimal acquisitions and share repurchases

**<u>SEGMENT RESULTS</u> – Second Quarter 2025 (versus 2Q 2024)** 

*Bedding Products* –

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Trade sales decreased 11%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Volume decreased 12%, primarily due to demand softness in U.S. and European bedding markets, retailer
merchandising changes in Adjustable Bed, and restructuring-related sales attrition, partially offset by higher trade wire and rod sales

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Raw material-related selling price increases and currency benefit added 2% to sales

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Divestiture of a small U.S. machinery business, as part of our restructuring plan, reduced sales 1%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• EBIT increased $619 million and adjusted<sup>1</sup> EBIT
increased $12 million

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 2Q 2025 adjustments include: $2 million of restructuring charges and $17 million <u>gain</u> from real
estate sales

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 2Q 2024 adjustments include: $587 million non-cash goodwill
impairment, $10 million of restructuring charges, and a $5 million <u>gain</u> from the sale of real estate

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Adjusted<sup>1</sup> EBIT increased primarily from metal margin
expansion and restructuring benefit partially offset by lower volume

*Specialized Products* –

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Trade sales decreased 5%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Volume decreased 6% from declines in Automotive and Hydraulic Cylinders partially offset by growth in Aerospace

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Raw material-related selling price increases added 1% to sales

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• EBIT increased $48 million and adjusted<sup>1</sup> EBIT increased
$2 million

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 2Q 2025 adjustments include: $1 million of restructuring charges and a $2 million <u>gain</u> from the
sale of real estate

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 2Q 2024 adjustments include: $44 million non-cash goodwill
impairment and a $1 million restructuring charge

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Adjusted<sup>1</sup> EBIT increased primarily from disciplined cost
management, restructuring benefit, and lower depreciation and amortization due to Aerospace meeting held-for-sale criteria partially offset by lower volume

*Furniture, Flooring & Textile Products* –

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Trade sales decreased 2%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Volume decreased 1% from demand softness in Home Furniture and Flooring partially offset by growth in Textiles
and Work Furniture

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Raw material-related selling price decreases, net of currency benefit, reduced sales 1%

4 of 8

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• EBIT increased $34 million and adjusted<sup>1</sup> EBIT decreased
$10 million

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 2Q 2025 adjustment includes: $1 million of restructuring charges

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 2Q 2024 adjustment includes: $44 million non-cash goodwill
impairment

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Adjusted<sup>1</sup> EBIT decreased primarily from pricing adjustments,
particularly in Flooring and Textiles, and other smaller items

**<u>SLIDES AND CONFERENCE CALL</u>**

A set of slides containing summary financial information, tariff overview, and restructuring update is available from the Investor Relations section of Leggett's website at www.leggett.com. Management will host a conference call **at 7:30 a.m. Central** (8:30 a.m. Eastern) on Friday, August 1. The conference call may be accessed through Leggett's Investor Relations website, via <u>Webcast \| LEG 2Q25 Webcast & Earnings Conf Call</u>, or by phone: (201) 689-8341; there is no passcode.

FOR MORE INFORMATION: Visit Leggett's website at <u>www.leggett.com</u>.

**COMPANY DESCRIPTION**: Leggett & Platt (NYSE: LEG) is a diversified manufacturer that designs and produces a broad variety of engineered components and products that can be found in many homes and automobiles. The 142-year-old Company is a leading supplier of bedding components and private label finished goods; automotive seat comfort and convenience systems; home and work furniture components; geo components; flooring underlayment; hydraulic cylinders for material handling and heavy construction applications; and aerospace tubing and fabricated assemblies.

**FORWARD-LOOKING STATEMENTS**: This press release contains "forward-looking statements," identified by the context in which they appear or words such as "expect," "anticipated," "estimate," and "guidance," including, but not limited to volume; sales, EPS, adjusted EPS; capital expenditures; depreciation and amortization; net interest expense; fully diluted shares; operating cash flow; closing of the Aerospace disposition; EBIT margin; adjusted EBIT margin; effective tax rate; dividends; raw material related price increases; currency benefit; minimal acquisitions and share repurchases; capital allocation priorities; domestic bedding industry outlook; Restructuring Plan impacts including the timing and amount of annualized and incremental sales attrition and EBIT benefit, proceeds and gains from real estate sales, and restructuring and restructuring related cash and non-cash costs; non-cash pension settlement charge; metal margin expansion; and tariffs providing a net positive for our business. Such statements are expressly qualified by cautionary statements described in this provision and reflect only the beliefs, expectations, and assumptions of Leggett at the time the statement is made. Because all forward-looking statements deal with the future, they are subject to risks, uncertainties and developments which might cause actual events or results to differ materially from those envisioned or reflected in any forward-looking statement. Moreover, we do not have, and do not undertake, any duty to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement was made. Some of these risks include: increased trade costs, including tariffs; regarding the Restructuring Plan (the *"Plan")*, the possibility that estimates may change, our ability to timely implement the Plan, receive anticipated benefits, and timely receive expected proceeds from real estate sales, and the impact on employees, customers and vendors; regarding the Aerospace divestiture (the "Divestiture"), an event that causes termination of the Divestiture agreement, the possibility that closing conditions to the Divestiture may not be satisfied or waived, and the risk that the Divestiture may not be completed within the expected timeframe or at all; our ability to accurately forecast sales and earnings; the adverse impact on our sales, earnings, liquidity, margins, cash flow, costs, and financial condition caused by: global inflationary and deflationary impacts; the demand for our products and our customers' products; our manufacturing facilities' ability to obtain necessary raw materials, parts, and labor, and to ship finished products; the impairment of goodwill and long-lived assets; our ability to access the commercial paper market or borrow under our credit facility; supply chain shortages and disruptions; our ability to manage working capital; our ability to collect receivables; price and product competition; cost of raw materials, labor and energy; cash generation sufficient to pay our debts or the dividend; cash repatriation from foreign accounts; our ability to pass along cost increases through increased selling prices; conflict between China and Taiwan; our ability to maintain profit margins if customers change the quantity or mix of our products; political risks; tax rates; foreign operating risks; cybersecurity incidents; customer losses and insolvencies; disruption to our steel rod mill and wire mills and other operations because of severe weather-related events, natural disaster, fire, explosion, terrorism, pandemic, or governmental action; ability to develop innovative products; foreign currency fluctuation; share repurchases; anti-dumping duties on innersprings, steel wire rod and mattresses; data privacy; sustainability obligations; litigation risks; and risk factors in the "Forward-Looking Statements" and "Risk Factors" sections in Leggett's Form 10-K and subsequent Form 10-Qs.

**CONTACT**: Investor Relations, (417) 358-8131 or invest@leggett.com

Steve West, Vice President, Investor Relations

Katelyn J. Pierce, Analyst, Investor Relations

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| **LEGGETT & PLATT** | Page 6 of 8 | **July 31, 2025** |

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|:---|:---|:---|:---|:---|:---|:---|
| **RESULTS OF OPERATIONS** | **SECOND QUARTER** | **SECOND QUARTER** | **SECOND QUARTER** | **YEAR TO DATE** | **YEAR TO DATE** | **YEAR TO DATE** |
| (In millions, except per share data) | **2025** | **2024** | **Change** | **2025** | **2024** | **Change** |
|  Trade sales | $1058.0 | $1128.6 | (6)% | $2080.1 | $2225.5 | (7)% |
|  Cost of goods sold | 865.4 | 942.1 |  | 1697.5 | 1852.6 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gross profit | 192.6 | 186.5 | 3% | 382.6 | 372.9 | 3% |
|  Selling & administrative expenses | 118.4 | 131.5 | (10)% | 242.0 | 257.4 | (6)% |
|  Amortization | 3.6 | 4.7 |  | 8.6 | 9.6 |  |
|  Other (income) expense, net | (19.8) | 664.6 |  | (21.3) | 657.2 |  |
|  Earnings (loss) before interest and income taxes | 90.4 | (614.3) | NM | 153.3 | (551.3) | NM |
|  Net interest expense | 18.7 | 20.0 |  | 36.5 | 40.6 |  |
|  Earnings (loss) before income taxes | 71.7 | (634.3) |  | 116.8 | (591.9) |  |
|  Income taxes | 19.2 | (32.2) |  | 33.7 | (21.4) |  |
|  Net earnings (loss) | 52.5 | (602.1) |  | 83.1 | (570.5) |  |
|  Less net income from noncontrolling interest |  | (0.1) |  |  | (0.1) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net Earnings (loss) Attributable to L&P** | $**52.5** | $**(602.2)** | NM | $**83.1** | $**(570.6)** | NM |
|  Earnings (loss) per diluted share |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net earnings (loss) per diluted share | $0.38 | $(4.39) | NM | $0.60 | $(4.16) | NM |
|  Shares outstanding |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common stock (at end of period) | 135.3 | 134.1 | 0.9% | 135.3 | 134.1 | 0.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Basic (average for period) | 138.5 | 137.3 |  | 138.2 | 137.0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Diluted (average for period) | 139.6 | 137.3 | 1.7% | 139.1 | 137.0 | 1.5% |
| **CASH FLOW** | **SECOND QUARTER** | **SECOND QUARTER** | **SECOND QUARTER** | **YEAR TO DATE** | **YEAR TO DATE** | **YEAR TO DATE** |
| (In millions) | **2025** | **2024** | **Change** | **2025** | **2024** | **Change** |
|  Net earnings (loss) | $52.5 | $(602.1) |  | $83.1 | $(570.5) |  |
|  Depreciation and amortization | 29.7 | 32.6 |  | 61.3 | 65.5 |  |
|  Working capital decrease (increase) | 16.4 | 19.7 |  | (47.8) | (62.4) |  |
|  Impairments | 0.9 | 675.6 |  | 1.2 | 677.9 |  |
|  Deferred income tax benefit | (3.2) | (46.0) |  | (1.6) | (45.0) |  |
|  Other operating activities | (12.3) | 14.2 |  | (5.4) | 22.4 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net Cash from Operating Activities** | $**84.0** | $**94.0** | (11)% | $**90.8** | $**87.9** | 3% |
|  Additions to PP&E | (8.5) | (15.5) |  | (21.8) | (41.4) |  |
|  Purchase of companies, net of cash |  |  |  |  |  |  |
|  Proceeds from disposals of assets and businesses | 23.5 | 8.0 |  | 29.1 | 23.2 |  |
|  Dividends paid | (6.8) | (61.7) |  | (13.5) | (123.0) |  |
|  Repurchase of common stock, net | (0.3) | (0.2) |  | (2.3) | (4.3) |  |
|  Additions (payments) to debt, net | (146.4) | (73.0) |  | (77.4) | 11.9 |  |
|  Other | 10.7 | (5.9) |  | 13.7 | (12.8) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Increase (Decrease) in Cash & Equivalents** | $**(43.8)** | $**(54.3)** |  | $**18.6** | $**(58.5)** |  |
| **FINANCIAL POSITION** | **Jun 30,** | **Dec 31,** |  |  |  |  |
| (In millions) | **2025** | **2024** | **Change** |  |  |  |
|  Cash and equivalents | $368.8 | $350.2 |  |  |  |  |
|  Receivables | 577.2 | 559.4 |  |  |  |  |
|  Inventories | 648.6 | 722.6 |  |  |  |  |
|  Other current assets | 53.3 | 55.8 |  |  |  |  |
|  Current assets held for sale <sup>1</sup> | 94.8 | 2.5 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total current assets | 1742.7 | 1690.5 | 3% |  |  |  |
|  Net fixed assets | 686.4 | 724.4 |  |  |  |  |
|  Operating lease right-of-use assets | 154.9 | 175.7 |  |  |  |  |
|  Goodwill | 751.2 | 794.4 |  |  |  |  |
|  Intangible assets and deferred costs, both at net | 224.8 | 271.9 |  |  |  |  |
|  Non-current assets held for sale <sup>1</sup> | 143.7 | 4.7 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TOTAL ASSETS** | $**3703.7** | $**3661.6** | 1% |  |  |  |
|  Trade accounts payable | $468.4 | $497.7 |  |  |  |  |
|  Current debt maturities | 1.3 | 1.3 |  |  |  |  |
|  Current operating lease liabilities | 50.9 | 53.4 |  |  |  |  |
|  Other current liabilities | 242.1 | 294.0 |  |  |  |  |
|  Current liabilities held for sale <sup>1</sup> | 39.6 |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total current liabilities | 802.3 | 846.4 | (5)% |  |  |  |
|  Long-term debt | 1792.2 | 1862.8 | (4)% |  |  |  |
|  Operating lease liabilities | 111.2 | 131.1 |  |  |  |  |
|  Long-term liabilites held for sale <sup>1</sup> | 8.4 |  |  |  |  |  |
|  Deferred taxes and other liabilities | 133.8 | 131.1 |  |  |  |  |
|  Equity | 855.8 | 690.2 | 24% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Capitalization** | 2901.4 | 2815.2 | 3% |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **TOTAL LIABILITIES & EQUITY** | $**3703.7** | $**3661.6** | 1% |  |  |  |

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<sup>1</sup> Our Aerospace Products Group met held for sale criteria as of March 31, 2025.

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| **LEGGETT & PLATT** | Page 7 of 8 | **July 31, 2025** |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **SEGMENT RESULTS <sup>2</sup>** | **SECOND QUARTER** | **SECOND QUARTER** | **SECOND QUARTER** | **SECOND QUARTER** | **SECOND QUARTER** | **SECOND QUARTER** |  | **YEAR TO DATE** | **YEAR TO DATE** | **YEAR TO DATE** | **YEAR TO DATE** | **YEAR TO DATE** | **YEAR TO DATE** |  |
| (In millions) | **2025** |  | **2024** |  | **Change** | **Change** |  | **2025** |  | **2024** |  | **Change** | **Change** |  |
|  **Bedding Products** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  Trade sales | $391.4 |  | $438 |  |  | (11)% |  | $782.1 |  | $886 |  |  | (12)% |  |
|  EBIT | 27.2 |  | (591.8) |  |  | NM |  | 36.8 |  | (576.1) |  |  | NM |  |
|  *EBIT margin* | *6.9%* | | *(135.1)%* | |  | NM |  | *4.7%* | | *(65.0)%* | |  | NM |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goodwill impairment |  |  | 587.2 |  |  |  |  |  |  | 587.2 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restructuring, restructuring-related, and impairment charges | 2.1 |  | 9.9 |  |  |  |  | 5.5 |  | 19.2 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on sale of real estate | (16.7) |  | (4.7) |  |  |  |  | (16.7) |  | (12.6) |  |  |  |  |
|  Adjusted EBIT <sup>4</sup> | 12.6 |  | 0.6 |  |  | NM |  | 25.6 |  | 17.7 |  |  | 45% |  |
|  *Adjusted EBIT margin <sup>4</sup>* | *3.2%* | | *0.1%* | | | *310 bps<sup>3</sup>* | | *3.3%* | | *2.0%* | | | *130 bps<sup>3</sup>* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation and amortization | 13.3 |  | 14.3 |  |  |  |  | 26.3 |  | 28.9 |  |  |  |  |
|  Adjusted EBITDA | 25.9 |  | 14.9 |  |  | 74% |  | 51.9 |  | 46.6 |  |  | 11% |  |
|  *Adjusted EBITDA margin* | *6.6%* | | *3.4%* | | | *320 bps* | | *6.6%* | | *5.3%* | | | *130 bps* | |
|  **<u>Specialized Products</u>** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  Trade sales | $304.1 |  | $319.6 |  |  | (5)% |  | $604.2 |  | $635.5 |  |  | (5)% |  |
|  EBIT | 38.7 |  | (9.5) |  |  | NM |  | 67.1 |  | 14.2 |  |  | NM |  |
|  *EBIT margin* | *12.7%* | | *(3.0)%* | |  | NM |  | *11.1%* | | *2.2%* | |  | NM |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goodwill impairment |  |  | 43.6 |  |  |  |  |  |  | 43.6 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restructuring, restructuring-related, and impairment charges | 0.6 |  | 1.3 |  |  |  |  | 4 |  | 1.3 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on sale of real estate | (1.7) |  |  |  |  |  |  | (1.7) |  |  |  |  |  |  |
|  Adjusted EBIT <sup>4</sup> | 37.6 |  | 35.4 |  |  | 6% |  | 69.4 |  | 59.1 |  |  | 17% |  |
|  *Adjusted EBIT margin <sup>4</sup>* | *12.4%* | | *11.1%* | | | *130 bps* | | *11.5%* | | *9.3%* | | | *220 bps* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation and amortization | 8.2 |  | 10.3 |  |  |  |  | 18.6 |  | 20.4 |  |  |  |  |
|  Adjusted EBITDA | 45.8 |  | 45.7 |  |  | —% |  | 88 |  | 79.5 |  |  | 11% |  |
|  *Adjusted EBITDA margin* | *15.1%* | | *14.3%* | | | *80 bps* | | *14.6%* | | *12.5%* | | | *210 bps* | |
|  **<u>Furniture, Flooring & Textile Products</u>** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  Trade sales | $362.5 |  | $371 |  |  | (2)% |  | $693.8 |  | $704 |  |  | (1)% |  |
|  EBIT | 24.4 |  | (9.4) |  |  | NM |  | 49.2 |  | 14.2 |  |  | NM |  |
|  *EBIT margin* | *6.7%* | | *(2.5)%* | |  | NM |  | *7.1%* | | *2.0%* | |  | NM |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goodwill impairment |  |  | 44.5 |  |  |  |  |  |  | 44.5 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restructuring, restructuring-related, and impairment charges | 0.9 |  |  |  |  |  |  | 1 |  | 1.5 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on sale of real estate |  |  |  |  |  |  |  | (3.2) |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain from net insurance proceeds from tornado damage |  |  |  |  |  |  |  |  |  | (2.2) |  |  |  |  |
|  Adjusted EBIT <sup>4</sup> | 25.3 |  | 35.1 |  |  | (28)% |  | 47 |  | 58 |  |  | (19)% |  |
|  *Adjusted EBIT margin <sup>4</sup>* | *7.0%* | | *9.5%* | | | *(250) bps* | | *6.8%* | | *8.2%* | | | *(140) bps* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation and amortization | 4.6 |  | 5.5 |  |  |  |  | 9.5 |  | 10.8 |  |  |  |  |
|  Adjusted EBITDA | 29.9 |  | 40.6 |  |  | (26)% |  | 56.5 |  | 68.8 |  |  | (18)% |  |
|  *Adjusted EBITDA margin* | *8.2%* | | *10.9%* | | | *(270) bps* | | *8.1%* | | *9.8%* | | | *(170) bps* | |
|  **<u>Total Company</u>** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  Trade sales | $1058 |  | $1128.6 |  |  | (6)% |  | $2080.1 |  | $2225.5 |  |  | (7)% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; EBIT - segments | 90.3 |  | (610.7) |  |  | NM |  | 153.1 |  | (547.7) |  |  | NM |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Intersegment eliminations and other | 0.1 |  | (3.6) |  |  |  |  | 0.2 |  | (3.6) |  |  |  |  |
|  EBIT | 90.4 |  | (614.3) |  |  | NM |  | 153.3 |  | (551.3) |  |  | NM |  |
|  *EBIT margin* | *8.5%* | | *(54.4)%* | |  | NM |  | *7.4%* | | *(24.8)%* | |  | NM |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goodwill impairment |  |  | 675.3 |  |  |  |  |  |  | 675.3 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restructuring, restructuring-related, and impairment charges | 3.6 |  | 11.2 |  |  |  |  | 10.5 |  | 22 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain on sale of real estate | (18.4) |  | (4.7) |  |  |  |  | (21.6) |  | (12.6) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gain from net insurance proceeds from tornado damage |  |  |  |  |  |  |  |  |  | (2.2) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CEO transition compensation costs |  |  | 3.7 |  |  |  |  |  |  | 3.7 |  |  |  |  |
|  Adjusted EBIT <sup>4</sup> | 75.6 |  | 71.2 |  |  | 6% |  | 142.2 |  | 134.9 |  |  | 5% |  |
|  *Adjusted EBIT margin <sup>4</sup>* | *7.1%* | | *6.3%* | | | *80 bps* | | *6.8%* | | *6.1%* | | | *70 bps* | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation and amortization - segments | 26.1 |  | 30.1 |  |  |  |  | 54.4 |  | 60.1 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation and amortization - unallocated <sup>5</sup> | 3.6 |  | 2.5 |  |  |  |  | 6.9 |  | 5.4 |  |  |  |  |
|  Adjusted EBITDA | $105.3 |  | $103.8 |  |  | 1% |  | $203.5 |  | $200.4 |  |  | 2% |  |
|  *Adjusted EBITDA margin* | *10.0%* | | *9.2%* | | | *80 bps* | | *9.8%* | | *9.0%* | | | *80 bps* | |
| **LAST SIX QUARTERS** | **2024** | **2024** | **2024** | **2024** | **2024** | **2024** | **2024** | **2024** |  | **2025** | **2025** | **2025** | **2025** |  |
| **Selected Figures (In Millions)** | **1Q** |  | **2Q** |  | **3Q** | **3Q** |  | **4Q** |  | **1Q** |  | **2Q** | **2Q** |  |
|  Trade sales | 1096.9 |  | 1128.6 |  |  | 1101.7 |  | 1056.4 |  | 1022.1 |  |  | 1058 |  |
|  Sales growth (vs. prior year) | (10)% |  | (8)% |  |  | (6)% |  | (5)% |  | (7)% |  |  | (6)% |  |
|  Volume growth (same locations vs. prior year) | (6)% |  | (4)% |  |  | (4)% |  | (4)% |  | (5)% |  |  | (7)% |  |
|  Adjusted EBIT <sup>4</sup> | 63.7 |  | 71.2 |  |  | 76 |  | 55.6 |  | 66.6 |  |  | 75.6 |  |
|  Cash from operations | (6.1) |  | 94 |  |  | 95.5 |  | 122.3 |  | 6.8 |  |  | 84 |  |
|  Adjusted EBITDA (trailing twelve months) <sup>4</sup> | 475.3 |  | 442.3 |  |  | 423.7 |  | 402.5 |  | 404.1 |  |  | 405.6 |  |
|  (Long-term debt + current maturities - cash and equivalents) / adj. EBITDA <sup>4,6</sup> | 3.61 |  | 3.83 |  |  | 3.78 |  | 3.76 |  | 3.77 |  |  | 3.51 |  |
| **Organic Sales (Vs. Prior Year) <sup>7</sup>** | **1Q** |  | **2Q** |  | **3Q** | **3Q** |  | **4Q** |  | **1Q** |  | **2Q** | **2Q** |  |
|  Bedding Products | (15)% |  | (13)% |  |  | (8)% |  | (6)% |  | (12)% |  |  | (10)% |  |
|  Specialized Products | (1)% |  | — % |  |  | (6)% |  | (5)% |  | (5)% |  |  | (5)% |  |
|  Furniture, Flooring & Textile Products | (9)% |  | (6)% |  |  | (4)% |  | (4)% |  | (1)% |  |  | (2)% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Overall | (10)% |  | (8)% |  |  | (6)% |  | (5)% |  | (7)% |  |  | (6)% |  |

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<sup>2</sup> Segment and overall company margins calculated on net trade sales.

<sup>3</sup> bps = basis points; a unit of measure equal to 1/100th of 1%. 

<sup>4</sup> Refer to next page for non-GAAP reconciliations.

<sup>5</sup> Consists primarily of depreciation of non-operating assets.

<sup>6</sup> EBITDA based on trailing twelve months.

<sup>7</sup> Trade sales excluding sales attributable to acquisitions and divestitures consummated in the last 12 months.

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| **LEGGETT & PLATT** | Page 8 of 8 | **July 31, 2025** |

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**RECONCILIATION OF REPORTED (GAAP) TO ADJUSTED (Non-GAAP) FINANCIAL MEASURES <sup>12</sup>** 

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|:---|:---|:---|:---|:---|:---|:---|
| **Non-GAAP Adjustments <sup>8</sup>** | **2024** | **2024** | **2024** | **2024** | **2025** | **2025** |
| (In millions, except per share data) | **1Q** | **2Q** | **3Q** | **4Q** | **1Q** | **2Q** |
|  Goodwill impairment |  | 675.3 |  | 0.7 |  |  |
|  Restructuring, restructuring-related, and impairment charges | 10.8 | 11.2 | 12.3 | 15.5 | 6.9 | 3.6 |
|  Gain on sale of real estate | (7.9) | (4.7) | (14.0) | (4.3) | (3.2) | (18.4) |
|  Gain from net insurance proceeds from tornado damage | (2.2) |  |  |  |  |  |
|  CEO transition compensation costs |  | 3.7 |  |  |  |  |
|  **Non-GAAP Adjustments (Pretax) <sup>9</sup>** | **0.7** | **685.5** | **(1.7)** | **11.9** | **3.7** | **(14.8)** |
|  Income tax impact | (0.2) | (43.6) | 0.4 | (2.7) | (1.3) | 3.6 |
|  Special tax item <sup>10</sup> |  |  |  | 5.4 |  |  |
|  **Non-GAAP Adjustments (After Tax)** | **0.5** | **641.9** | **(1.3)** | **14.6** | **2.4** | **(11.2)** |
|  Diluted shares outstanding | 137.3 | 137.3 | 138.0 | 138.2 | 138.6 | 139.6 |
|  **EPS Impact of Non-GAAP Adjustments** | **—** | **4.68** | **(0.01)** | **0.11** | **0.02** | **(0.08)** |
| **Adjusted EBIT, EBITDA, Margin, and EPS <sup>8</sup>** | **2024** | **2024** | **2024** | **2024** | **2025** | **2025** |
| (In millions, except per share data) | **1Q** | **2Q** | **3Q** | **4Q** | **1Q** | **2Q** |
|  Trade sales | 1096.9 | 1128.6 | 1101.7 | 1056.4 | 1022.1 | 1058.0 |
|  EBIT (earnings before interest and taxes) | 63.0 | (614.3) | 77.7 | 43.7 | 62.9 | 90.4 |
|  Non-GAAP adjustments (pretax) | 0.7 | 685.5 | (1.7) | 11.9 | 3.7 | (14.8) |
|  **Adjusted EBIT** | **63.7** | **71.2** | **76.0** | **55.6** | **66.6** | **75.6** |
|  EBIT margin | 5.7% | *(54.4)%* | 7.1% | 4.1% | 6.2% | 8.5% |
|  **Adjusted EBIT Margin** | **5.8%** | **6.3%** | **6.9%** | **5.3%** | **6.5%** | **7.1%** |
|  EBIT | 63.0 | (614.3) | 77.7 | 43.7 | 62.9 | 90.4 |
|  Depreciation and amortization | 32.9 | 32.6 | 36.4 | 34.1 | 31.6 | 29.7 |
|  EBITDA | 95.9 | (581.7) | 114.1 | 77.8 | 94.5 | 120.1 |
|  Non-GAAP adjustments (pretax) | 0.7 | 685.5 | (1.7) | 11.9 | 3.7 | (14.8) |
|  **Adjusted EBITDA** | **96.6** | **103.8** | **112.4** | **89.7** | **98.2** | **105.3** |
|  EBITDA margin | 8.7% | *(51.5)%* | 10.4% | 7.4% | 9.2% | 11.4% |
|  **Adjusted EBITDA Margin** | **8.8%** | **9.2%** | **10.2%** | **8.5%** | **9.6%** | **10.0%** |
|  Diluted EPS | 0.23 | (4.39) | 0.33 | 0.10 | 0.22 | 0.38 |
|  EPS impact of non-GAAP adjustments |  | 4.68 | (0.01) | 0.11 | 0.02 | (0.08) |
|  **Adjusted EPS** | **0.23** | **0.29** | **0.32** | **0.21** | **0.24** | **0.30** |
| **Net Debt to Adjusted EBITDA <sup>11</sup>** | **2024** | **2024** | **2024** | **2024** | **2025** | **2025** |
|  | **1Q** | **2Q** | **3Q** | **4Q** | **1Q** | **2Q** |
|  Total debt | 2076.7 | 2003.1 | 1879.3 | 1864.1 | 1936.4 | 1793.5 |
|  Less: cash and equivalents | (361.3) | (307.0) | (277.2) | (350.2) | (412.6) | (368.8) |
|  Net debt | 1715.4 | 1696.1 | 1602.1 | 1513.9 | 1523.8 | 1424.7 |
|  Adjusted EBITDA, trailing 12 months | 475.3 | 442.3 | 423.7 | 402.5 | 404.1 | 405.6 |
|  **Net Debt / 12-month Adjusted EBITDA** | **3.61** | **3.83** | **3.78** | **3.76** | **3.77** | **3.51** |
|  <sup>8</sup> Management and investors use these measures as supplemental information to assess operational performance.<br> <sup>9</sup> The non-GAAP adjustments are included in the following lines of the income statement: | <sup>8</sup> Management and investors use these measures as supplemental information to assess operational performance.<br> <sup>9</sup> The non-GAAP adjustments are included in the following lines of the income statement: | <sup>8</sup> Management and investors use these measures as supplemental information to assess operational performance.<br> <sup>9</sup> The non-GAAP adjustments are included in the following lines of the income statement: | <sup>8</sup> Management and investors use these measures as supplemental information to assess operational performance.<br> <sup>9</sup> The non-GAAP adjustments are included in the following lines of the income statement: | <sup>8</sup> Management and investors use these measures as supplemental information to assess operational performance.<br> <sup>9</sup> The non-GAAP adjustments are included in the following lines of the income statement: | <sup>8</sup> Management and investors use these measures as supplemental information to assess operational performance.<br> <sup>9</sup> The non-GAAP adjustments are included in the following lines of the income statement: | <sup>8</sup> Management and investors use these measures as supplemental information to assess operational performance.<br> <sup>9</sup> The non-GAAP adjustments are included in the following lines of the income statement: |
|  | 2024 | 2024 | 2024 | 2024 | 2025 | 2025 |
|  | 1Q | 2Q | 3Q | 4Q | 1Q | 2Q |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of goods sold | 2.3 | 1.4 | 0.8 | 8.7 | 0.5 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Selling & administrative expenses | 0.5 | 8.7 | 6.2 | 4.5 | 1.7 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other (income) expense, net | (2.1) | 675.4 | (8.7) | (1.3) | 1.5 | (14.8) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Non-GAAP Adjustments (Pretax) | 0.7 | 685.5 | (1.7) | 11.9 | 3.7 | (14.8) |

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<sup>10</sup> Deferred tax asset valuation allowance related to a 2022 acquisition in the Specialized Products segment.

<sup>11</sup> Management and investors use this ratio as supplemental information to assess ability to pay off debt. These ratios are calculated differently than the Company's credit facility covenant ratio.

<sup>12</sup> Calculations impacted by rounding.