Leggett & Platt Inc. Highlights Restructuring Progress and Strategic Growth Priorities in Latest Company Update
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Leggett & Platt Inc. has outlined its strategic priorities, focusing on balance sheet strength with a target Net Debt to Adjusted EBITDA ratio of 2.0x. Excess cash flow for 2025 will be used for debt reduction, strategic acquisitions, and share repurchases. Recent restructuring includes divesting a U.S. machinery business, property sales, and consolidating a Specialty Foam facility. The company aims for margin improvement, operational efficiency, and disciplined capital allocation across its segments, anticipating recovery in residential businesses with economic improvements.
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