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Leggett & Platt Closes the Sale of its Aerospace Products Group

Announces Subsequent Change to Full Year 2025 Guidance

CARTHAGE, Mo., Aug. 29, 2025 /PRNewswire/ -- Leggett & Platt announced today it successfully completed the sale of its Aerospace Products Group to affiliated funds managed by Tinicum Incorporated. The transaction is expected to result in after-tax proceeds of approximately $250 million. Proceeds will be used primarily to pay down debt and strengthen the Company's balance sheet and leverage ratio. This divestiture was part of the outcome of the strategic business review to identify and focus on businesses that align with the Company's long-term goals.

The Aerospace Products Group is a supplier of complex, highly engineered tube and duct assemblies for use primarily in commercial and military aircraft platforms and space launch vehicles. The business is comprised of seven manufacturing facilities located in the U.S., UK, and France and approximately 700 employees with net trade sales of $190 million in 2024.

REVISED 2025 FULL YEAR GUIDANCEAs a result of the divestiture of the Aerospace Products Group, management announced it has revised full year 2025 guidance as follows:                                     

($-Billions, except per share data)

Revised Guidance (ex-Aerospace Products Group)

Previous Guidance

(July 31, 2025)

Sales

$3.9 - $4.2

$4.0 - $4.3

Implied Adjusted EBIT Margin

6.3% - 6.7%

6.5% - 6.9%

Net Interest Expense

$.065

$.070

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EPS