Leggett & Platt successfully completed the sale of its Aerospace Products Group to Tinicum Incorporated.
The divestiture will result in after-tax proceeds of approximately $250 million.
Revised 2025 guidance includes adjustments to sales, EBIT margin, net interest, EPS, and more.
Successful Sale
Sale of Aerospace Products Group completed, generating $250 million after-tax proceeds.
Guidance Revision
2025 guidance revised with changes in sales, EBIT margin, EPS, and gain on sale.
Strategic Focus
Divestiture part of strategic review to align with long-term business goals.
- The divestiture will strengthen Leggett & Platt's balance sheet and leverage ratio.
- Management's revision of 2025 guidance reflects the impact of the Aerospace Products Group sale.
- Lazard served as financial advisor and Freshfields as legal advisor in the transaction.
Leggett & Platt's sale of Aerospace Products Group marks a strategic move towards aligning with long-term goals and strengthening financial position.