Leggett & Platt reversed its multi-year net income losses with a $235 million profit in fiscal 2025 supported by improved operating margins and operating cash flow growth. The bedding segment’s vertical integration into steel rod and specialty foam chemicals insulated input costs amid tariff-driven supply disruptions. Key restructuring initiatives including the aerospace group divestiture bolstered margin recovery and debt reduction. However, ongoing challenges remain with anti-dumping litigation and global supply chain volatility. Capital allocation favored deleveraging and dividend conservatism despite improving free cash flow.