Q1 profits down 3% at Leggett & Platt

Leggett & Platt Inc. (NYSE: LEG) posted decreases in profits and revenue at the start of 2025.

The Carthage-based manufacturer, which operates in industries including automotive, bedding and furniture, reported first-quarter net income of $30.6 million, a 3% decrease from $31.6 million a year earlier, according to a news release. Diluted share earnings ticked down by 1 cent to 22 cents per share.

Revenue during the quarter fell by 7% to $1.02 billion from $1.1 billion a year earlier.

"As we navigate the complex and fluid tariff environment, we are mitigating impacts while pursuing any opportunities to capture increased demand for domestically produced products. While we expect that tariffs overall may be a net positive for our business, we are concerned about potential negative effects on inflation, consumer confidence and discretionary demand," Leggett & Platt President and CEO Karl Glassman said in the release. "Now more than ever, we are committed to our strategic priorities of strengthening our balance sheet, improving profitability and operational efficiency, and positioning the company for long-term growth."

As of March 31, Leggett & Platt's assets were $3.7 billion.

LEG shares were trading at $9.77 as of 9:31 a.m., compared with a 52-week range of $6.48 to $14.30 per share.