Slides
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Third Quarter 2025 Summary Financial Information, Tariff Overview and Restructuring Update October 27, 2025
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Statements in this presentation that are not historical in nature are “forward-looking.” These statements are identified by their context or by use of words such as “estimate,” “expect,” “guidance,” “plan,” “seek,” or the like. These statements include, but are not limited to, guidance; sales, adjusted EPS; operating cash flow; implied adjusted EBIT margin; depreciation and amortization; net interest expense; tax rate; diluted shares; capital expenditures; acquisitions; share repurchases; demand; volume; raw-material-related price increases; currency benefit; amount by which divestitures result in sales reductions; the competitiveness of our southeast Asian production facility; impact of tariffs; tariff mitigation; new customer opportunities; identification of alternative sources for materials impacted by tariffs; ability to shift production to take advantage of our global footprint; ability to pass along price increases; inventory management; net positive impact of tariffs; timing of Specialty Foam consolidation and Phase 2 of Flooring Products restructuring; Restructuring Plan, including 2025 incremental estimates, 2025 run rate estimates, full plan run rate estimates, 2025 estimates, and total plan estimates. All forward-looking statements are qualified by cautionary statements described in this provision and should not be relied upon as a prediction of actual future events or results. We do not have, and do not undertake, any duty to update any forward-looking statement. Any forward- looking statement reflects only the beliefs of Leggett at the time the statement is made and is subject to risks and uncertainties which might cause actual events or results to differ materially from the forward-looking statements. These risks and uncertainties include: tariff-related cost increases and demand impacts, and changes to the reciprocal tariff exemption for USMCA compliant products; regarding the Restructuring Plan (the “Plan”), the possibility that estimates may change, our ability to timely implement the Plan or receive anticipated benefits and expected proceeds from real estate sales, and the impact on employees, customers and vendors; our ability to accurately forecast sales and earnings; the adverse impact on our sales, earnings, liquidity, margins, cash flow, costs, and financial condition caused by: global inflationary and deflationary impacts; product demand; consumer confidence; impairment of goodwill and long-lived assets; commercial paper and debt market access and increased borrowing costs due to credit rating changes, and our ability to reduce or maintain current debt levels; credit facility access and covenant compliance; supply chain shortages and disruptions; our ability to manage working capital; our customers’ inability to pay us and take delivery of previously ordered inventory; price and product competition; our market share in goods and services we sell or provide; cost of raw materials; cash repatriation from foreign accounts; enforcement of antidumping and countervailing duties; our ability to pass along cost increases through increased selling prices; competitive price and product pressures from competitors; disruption of the semiconductor industry and our global operations due to conflict between countries and evolving export controls our ability to maintain profit margins if customers change the quantity or mix of our products; political risk, legal and regulatory changes (including trade laws); realization of deferred tax assets and challenges to tax positions; foreign operating risks; cybersecurity incidents; unauthorized use of artificial intelligence; the functioning of our internal business processes and information systems through technology failures; customer losses and insolvencies; disruption to our steel rod mill or wire mills and other operations; development of commercially viable and innovative products; foreign currency fluctuation; litigation risks; climate change and sustainability-related risks and costs; continuation of cash dividends on our common stock; privacy and data protection-related risks; pension settlement charges; and other risk factors in Leggett’s most recent Form 10-K and Form 10-Q. Forward-Looking Statements 2
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Financial Summary
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o Sales of $1.0 billion, a 6% decrease year-over-year • Volume was down 6% • Raw material-related price increases and currency benefit increased sales 2% • Divestitures decreased sales 2% o Adjusted1 EBIT of $73 million, down $3 million (-4%) year-over-year o Adjusted1 EBIT margin of 7.0%, up 10 bps year-over-year o Adjusted1 EPS of $0.29, down $0.03 year-over-year o Operating cash flow of $126 million, up $30 million year-over-year o Reaffirmed the midpoint of 2025 sales and adjusted EPS guidance; narrowed guidance range • Sales: $4.0–$4.1 billion • Adjusted EPS: $1.00–$1.10 • Operating cash flow: ~$300 million Q3 2025 Overview 4¹ See slides 5 and 32 for calculation of adjusted EBIT, adjusted EBIT margin, and adjusted EPS
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Q3 2025 Financial Highlights 5 ¹ See slide 32 for non-GAAP adjustments $’s in millions (except EPS) Reported Q3-25 Adj.1 Adj.1 Q3-25 Reported Q3-24 Adj.1 Adj.1 Q3-24 Change Sales $1,036 $1,036 $1,102 $1,102 (6%) EBIT 171 (98) 73 78 (2) 76 (4%) EBIT Margin 16.5% 7.0% 7.1% 6.9% 10 bps EPS 0.91 (0.62) 0.29 0.33 (0.01) 0.32 (9%) Cash from Operations 126 126 95 95 32% EBITDA 201 (98) 102 114 (2) 112 (9%) EBITDA margin 19.3% 9.9% 10.4% 10.2% (30 bps)
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Q3 2025 Sales & Adjusted EBIT Bridge 6 Sales: $'s in millions % change Q3 2024 $1,102 Divestitures (21) (2%) Adjusted Q3 2024 Sales $1,081 Approx volume decrease (64) (6%) Approx raw material-related pricing and currency impact 20 2% Organic Sales (44) (4%) Acquisitions — —% Q3 2025 $1,036 (6%) Adjusted EBIT 1,2: Margin Q3 2024 $76 6.9% Primarily from lower volume partially offset by metal margin expansion in trade rod and restructuring benefit (3) Q3 2025 $73 7.0% ¹ See slide 5 for calculation of adjusted EBIT and adjusted EBIT margin 2 Calculations impacted by rounding
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Q3 2025 Earnings 7 ¹ Calculations impacted by rounding 2 See slide 32 for non-GAAP adjustments $’s in millions 1 (except EPS) Reported Q3-25 Adj.2 Adj.2 Q3-25 Reported Q3-24 Adj.2 Adj.2 Q3-24 Change EBIT $171 ($98) $73 $78 ($2) $76 (4%) Net interest 17 17 20 20 Pre-tax earnings 154 (98) 56 58 (2) 56 —% Income taxes 27 (11) 16 13 (1) 12 Ta x rate 28.3% 22.1% Net earnings 127 (87) 40 45 (1) 44 (8%) Noncontrolling interests — — — — Net earnings attributable to L&P 127 (87) 40 45 (1) 44 (8%) EPS $0.91 ($0.62) $0.29 $0.33 ($0.01) $0.32 (9%)
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Adjusted Working Capital 8 $’s in millions 1 9/30 6/30 9/30 2025 2025 2024 Cash & equivalents $461 $369 $277 Accounts receivable, net 568 577 638 Inventories, net 634 649 754 Other current assets 46 148 65 Total current assets 1,709 1,743 1,735 Current debt maturities (1) (1) (301) Current operating lease liabilities (46) (51) (54) Accounts payable (485) (468) (516) Accrued and other current liabilities (261) (282) (301) Total current liabilities (794) (802) (1,172) Working capital 915 940 563 % of annualized sales 2, 3 22.1% 22.2% 12.8% W/C, excl. cash & current debt/lease 502 624 640 % of annualized sales 2, 4 12.1% 14.7% 14.5% 1 Calculations impacted by rounding 2 Annualized sales: 3Q25: $1,036x4=$4,146; 2Q25: $1,058x4=$4,232; 3Q24: $1,102x4=$4,407 3 Excluding Aerospace, on a pro forma basis, the ratio is higher by 0.6% 4 Excluding Aerospace, on a pro forma basis, the ratio is higher by 0.3%
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Net Debt to Adjusted EBITDA 9 $’s in millions 9/30 6/30 9/30 2025 2025 2024 Long-term debt $1,496 $1,792 $1,578 Current maturities 1 1 301 Total debt 1,497 1,794 1,879 Less: Cash & equivalents (461) (369) (277) Net debt 1,037 1,425 1,602 EBIT, trailing 12 months 368 275 (840) Depreciation & amortization 125 132 147 EBITDA 493 407 (694) Non-GAAP adjustments (pretax) 1 (98) (1) 1,117 Adjusted EBITDA1, trailing 12 months 395 406 424 Net debt to 12-month adjusted EBITDA 2, 3 2.6x 3.5x 3.8x ¹ 9/30/2025 Non-GAAP adjustments include $30 restructuring charges, ($87) gain on sale of Aerospace Products Group, ($28) gain o n sale of real estate, and ($13) gain from net insurance proceeds; 6/30/25 Non-GAAP adjustments include $38 restructuring charges, $1 goodwill impairment c harges, and ($40) gain on sale of real estate; 9/30/24 Non-GAAP adjustments include $675 goodwill impairment, $444 long-lived asset impairment, $34 restructuring charges, $4 CEO transition composition costs, ($33) gain on sale of real estate, and ($7) gain from net insurance proceeds. For additional n on-GAAP reconciliation information, see page 8 of the press release. 2 Calculated differently than the Company’s credit facility covenant ratio. 3 Excluding Aerospace, on a pro forma basis, the ratio is higher by 0.3x
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Cash Flow 10 $’s in millions 1 3rd Qtr YTD 2025 2024 2025 2024 Net earnings $127 $45 $210 ($526) D&A 29 36 91 102 Impairment, write-offs & other 6 5 17 712 Other non-cash 2 (100) (24) (117) (76) Changes in working capital: Accounts receivable 8 27 (11) (14) Inventory 6 5 24 41 Other current assets 6 (2) 4 (5) Accounts payable 10 (13) (5) (21) Other current liabilities 34 16 3 (30) Cash from operations 126 95 217 183 Capital expenditures 16 18 38 60 Acquisitions — — — — Dividends 7 7 20 130 Share repurchases (issuances), net — — 2 5 Proceeds from asset and business sales 3 294 17 323 41 Additions (repayments) of debt, net (300) (122) (377) (110) ¹ Calculations impacted by rounding 2 2025 includes ($87) gain on sale of Aerospace Products Group 3 2025 includes $276 proceeds from sale of Aerospace Products Group
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YTD 2025 Financial Highlights 11 ¹ See slide 32 for non-GAAP adjustments $’s in millions (except EPS) Reported 2025 Adj.1 Adj.1 2025 Reported 2024 Adj.1 Adj.1 2024 Change Sales $3,117 $3,117 $3,327 $3,327 (6%) EBIT 324 (109) 215 (474) 684 211 2% EBIT Margin 10.4% 6.9% (14.2%) 6.3% 60 bps EPS 1.51 (0.68) 0.83 (3.83) 4.67 0.84 (1%) Cash from Operations 217 217 183 183 18% EBITDA 415 (109) 306 (372) 684 313 (2%) EBITDA margin 13.3% 9.8% (11.2%) 9.4% 40 bps
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YTD 2025 Sales & Adjusted EBIT Bridge 12 Sales: $’s in millions % change YTD 2024 $3,327 Divestitures (28) (<1%) Adjusted YTD 2024 Sales $3,299 Approx volume decrease (190) (6%) Approx raw material-related pricing and currency impact 7 0% Organic Sales (183) (6%) Acquisitions — —% YTD 2025 $3,117 (6%) Adjusted EBIT 1: Margin YTD 2024 $211 6.3% Primarily from metal margin expansion, restructuring benefit, and disciplined cost management partially offset by lower volume 4 YTD 2025 $215 6.9% ¹ See slide 11 for calculation of adjusted EBIT and adjusted EBIT margin
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YTD 2025 Earnings 13 1 Calculations impacted by rounding 2 See slide 32 for non-GAAP adjustments $’s in millions 1 (except EPS) Reported 2025 Adj. 2 Adj.2 2025 Reported 2024 Adj. 2 Adj.2 2024 Change EBIT $324 ($109) $215 ($474) $684 $211 2% Net interest 53 53 61 61 Pre-tax earnings 271 (109) 162 (534) 684 150 8% Income taxes 61 (14) 47 (9) 43 35 Ta x rate 29.2% 23.2% Net earnings 210 (96) 114 (526) 641 115 (1%) Noncontrolling interests — — — — Net earnings attributable to L&P 210 (96) 114 (526) 641 115 (1%) EPS $1.51 ($0.68) $0.83 ($3.83) $4.67 $0.84 (1%)
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o Sales: $4.0–$4.1 billion, down 6% to 9% versus 2024 (vs prior guidance of $3.9–$4.2 billion) • Expect demand to remain pressured due to economic uncertainty and restructuring -related sales attrition • Volume is expected to be down mid to high single digits • Volume at the midpoint: • Down mid-teens in Bedding Products segment • Down mid-single digits in Specialized Products segment • Down low single digits in Furniture, Flooring & Textile Products segment • Raw material-related price increases and currency benefit is expected to be up low single digits • Divestitures to reduce sales 2% o Adjusted EPS: $1.00–$1.10 (vs prior guidance of $0.95–$1.15) • At the midpoint, flat versus 2024 due primarily to metal margin expansion and restructuring benefit offset by lower volume o Implied adjusted EBIT margin of 6.4%– 6.6% (vs prior guidance of 6.3%–6.7%) Reaffirmed 2025 Sales and Adj. EPS Guidance; Narrowed Guidance Range 14
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o Depreciation and amortization ~$120 million (vs ~$125 million) o Net interest expense ~$65 million o Tax rate ~27% (vs ~26%) o Diluted shares ~140 million (vs ~139 million) o Operating cash flow ~$300 million (vs $275–$325 million) o Cap-ex $60–$70 million (vs $80–$90 million) o Minimal acquisitions and share repurchases 2025 Guidance (continued) 15
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Tariff Overview
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Tariff Impacts 17 • Largest indirect exposure; limited direct exposure • Expect further disruption and reduced demand as additional tariffs are implemented Automotive • Domestic steel tariffs have led to expanded metal margins which are a benefit to us • Seeking opportunities to serve new customers Rod & Wire • Mainly domestic business with immaterial exposure to imported raw materials Flooring • Meaningful disruptions in early Q2 that normalized with the delay of tariffs • Established SE Asian production to be at par with competitors and reduce impacts from tariffs Home Furniture • Significant sourcing exposure on imported finished product and components, including electronics from China • Domestic product disadvantaged vs import competitors Adjustable Bed • Impacts on sourcing intercompany product from India; evaluating shifting production to other locations • Domestic production provides an advantage vs some competitors Hydraulic Cylinders • Limited sourcing exposure and sales from foreign locations into U.S. • Opportunities to serve customers desiring domestically-produced finished furniture and components Work Furniture • We are strategically positioned to take on new customers shifting from imports • Competitive pressure from low-cost imports remains high due to evolving tariff strategies US Spring • Limited exposure on imported chemicals; currently excluded from tariffs • Identifying alternative sources for materials most impacted by tariffs Specialty Foam • Significant global sourcing with ability to resource to lowest total cost regions • Well positioned to serve customers that may face supply disruption from their existing vendors Textiles * Tariff impacts do not include potential macroeconomic risks, including potential general reductions in consumer spending
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Tariff Mitigation Strategy and Risks 18 Sourcing product domestically or from alternative lowest total cost countries Shifting production to take advantage of our global footprint Passing along price increases where necessary Heightened sensitivity on inventory management Mitigation Strategies Potential Risks ↓ Rise in inflation in the near term ↓ Decline in consumer confidence ↓ Decrease in consumer demand ↓ Disruptions to global supply chains Currently, we expect tariffs to be a net positive for Leggett Foreign Direct Sourcing Exposure by Country ~$400m annual spend (prior to tariff implementation) China 25% Other Asia* 30%Europe 10% Mexico 30% Other 5% * Other Asia includes Taiwan, India, & Vietnam ~60% of our trade sales are produced and consumed in the U.S.
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Restructuring Update
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Restructuring Initiatives 20 Additional Expectations Bedding Products Completion of Specialty Foam consolidation Furniture, Flooring & Textile Products Complete Phase 2 of Flooring Products restructuring Specialized Products Complete Hydraulic Cylinders restructuring YTD 2025 Progress Bedding Products Divested a small U.S. machinery business Sold 2 properties Largely completed Specialty Foam restructuring Consolidated 1 Specialty Foam production facility Furniture, Flooring & Textile Products Completed Phase 1 and launched Phase 2 of Flooring Products restructuring Consolidated 2 Flooring Products production facilities Sold 1 property Specialized Products Continued implementation of manufacturing efficiency improvement activities in Hydraulic Cylinders Right-sized our Hydraulic Cylinders plant in the UK
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2024 Actuals Q3-24 Q3-25 YTD 2025 Incremental1 2025 Incremental1 Estimates 2025 Run Rate Estimates Full Plan Run Rate Estimates Sales Attrition2 $15m $4m $13m $33m ~$40m ~$55m ~$60m * Prior estimate for 2025 Incremental estimates was ~$45m * Prior estimate for 2025 Run Rate estimates was ~$60m * Prior estimate for Full Plan Run Rate estimates was ~$65m EBIT Benefit $22m $6m $16m $36m ~$40m ~$60m $60–$70m * Prior estimate for 2025 Incremental estimates were $35–$40m * Prior estimate for 2025 Run Rate estimates were ~$55–$60m Restructuring Plan Financial Update 21 2024 Actuals Q3-25 YTD 2025 2025 Estimates Total Plan Estimates Cash from Real Estate $20m $5m $23m $23–$40m $70–$80m *Prior estimate for 2025 was $20-$30m Restructuring and Restructuring- Related Costs $48m $2m $11m ~$25m ~$75m Cash $30m $1m $8m ~$10m ~$40m Non-cash $18m $1m $3m ~$15m ~$35m * Prior estimate for 2025 costs were $15-$25m; cash costs were $10-$15m and non-cash costs were $5-$10m * Prior estimate for Total Plan costs were $65-$75m; cash costs were $40-$45m and non-cash costs were $25-$30m 1 Incremental represents the YOY change in sales attrition and EBIT benefit 2 2025 includes $1m from the divestiture of a small U.S. machinery business in our Bedding Products segment
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Segment Detail
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Q3 2025 Segment Summary 1 Includes raw material-related selling price impact and currency impact 2 See slides 24, 26, 29, and 32 for non-GAAP reconciliations Q3-25 Organic Sales Growth 1, 2 Q3-25 Adj. EBIT 2 Margin ∆ vs Q3-24 Adj. EBIT 2 Margin Q3-25 Adj. EBITDA 2 Margin ∆ vs Q3-24 Adj. EBITDA 2 Margin Bedding Products (9%) 6.6% +220 bps 9.8% +210 bps Specialized Products (2%) 9.7% +20 bps 12.6% -60 bps Furniture, Flooring & T extile Products —% 5.5% -230 bps 6.7% -260 bps T otal Consolidated (4%) 7.0% +10 bps 9.9% -30 bps 23
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Bedding Products Trade Sales $'s in millions % change Q3 2024 $446 Divestitures (3) (1%) Adjusted Q3 2024 Sales 443 Organic Sales 1 (40) (9%) Q3 2025 3 $403 (10%) 2 Adjusted to exclude restructuring charges $8m and gain on sale of real estate ($14m) in 3Q24; restructuring charges $2m and g ain from net insurance proceeds ($13m) in 3Q25 3 Calculations impacted by rounding $'s in millions Adj. EBIT2 Adj. EBIT2 margin D&A Adj. EBITDA2 Adj. EBITDA2 margin Q3 2024 $20 4.4% $15 $34 7.7% Change 3 7 (2) 5 Q3 2025 $26 6.6% $13 $40 9.8% 1 Lower volume (13%) and raw material-related selling price increases and currency benefit 4% 24
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o Q3 organic sales were down 9%: • Volume decreased 13%, primarily due to customer weakness and retailer merchandising changes in Adjustable Bed and Specialty Foam, lower trade rod sales, and restructuring-related sales attrition • Raw material-related selling price increases and currency benefit added 4% to sales • Divestiture of a small U.S. machinery business, as part of our restructuring plan, reduced sales less than 1% o Sales trends: o Q3 adjusted EBIT increased primarily from metal margin expansion in trade rod and restructuring benefit partially offset by lower volume in Adjustable Bed and Specialty Foam Bedding – Key Points Q3 Organic Sales Q3 Volume1 Steel Rod —% (20%) Drawn Wire 20% 9% U.S. Spring 2 (1%) (2%) Specialty Foam 2 (18%) (17%) Adjustable Bed 2 (37%) (39%) International Bedding 2 2% (2%) 1 Volume represents organic sales excluding raw material-related selling price impact and currency impact 2 Restructuring-related sales attrition: U.S. Spring (3%), Specialty Foam (2%), Adjustable Bed (1%), International Bedding (<1%) 25
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Specialized Products 2 Adjusted to exclude restructuring charges $4m in 3Q24; restructuring charges $1m and gain on sale of Aerospace Products Group ( $87m) in 3Q25 3 Calculations impacted by rounding $'s in millions Adj. EBIT2 Adj. EBIT2 margin D&A Adj. EBITDA2 Adj. EBITDA2 margin Q3 2024 $29 9.5% $11 $40 13.2% Change 3 (2) (3) (5) Q3 2025 $27 9.7% $8 $35 12.6% 1 Lower volume (4%) and raw material-related selling price increases and currency benefit 2% 26 Trade Sales $'s in millions % change Q3 2024 $300 Divestitures (17) (5%) Adjusted Q3 2024 Sales 283 Organic Sales 1 (6) (2%) Q3 2025 3 $278 (7%)
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o Q3 organic sales were down 2%: • Volume decreased 4% from declines in Automotive and Hydraulic Cylinders • Raw material-related selling price increases and currency benefit added 2% to sales • Divestiture of Aerospace reduced sales 5% o Sales trends: o Q3 adjusted EBIT decreased primarily from lower volume and earnings associated with the divested Aerospace business partially offset by restructuring benefit Specialized – Key Points Q3 Organic Sales Q3 Volume1 Automotive (1%) (3%) Hydraulic Cylinders (1%) (6%) 1 Volume represents organic sales excluding raw material-related selling price impact and currency impact 27
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Aerospace Products Group Pro-Forma Results 28 $’s in millions (except EPS) Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Total Company Results Net Trade Sales $1,102 $1,056 $1,022 $1,058 $1,036 EBIT 78 44 63 90 171 Depreciation and Amortization 36 34 32 30 29 Net Earnings 45 14 31 53 127 Aerospace Results 1 Net Trade Sales 45 52 53 51 29 EBIT 5 8 7 9 3 Depreciation and Amortization 2 3 2 3 — — Net earnings 4 6 5 7 2 1 A 25% tax rate is assumed based on the jurisdictions in which the Aerospace Products Group operated. 2 In Q2-25 and Q3-25, depreciation and amortization was zero due to the held for sale accounting requirements.
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Furniture, Flooring & Textile Products 2 Adjusted to exclude restructuring charges $1m in 3Q24 and gain on sale of real estate ($2m) in 3Q25 $’s in millions Adj. EBIT2 Adj. EBIT2 margin D&A Adj. EBITDA2 Adj. EBITDA2 margin Q3 2024 $28 7.8% $5 $33 9.3% Change (8) (1) (9) Q3 2025 $20 5.5% $4 $24 6.7% 1 Higher volume 1% and raw material-related price decreases, net of currency (1%) 29 Trade Sales $’s in millions % change Q3 2024 $356 Divestitures (2) —% Adjusted Q3 2024 Sales 355 Organic Sales 1 2 —% Q3 2025 $356 —%
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o Q3 organic sales were flat year over year: • Volume increased 1% from growth in Textiles and Work Furniture partially offset by declines in Home Furniture and Flooring • Raw material-related selling price decreases, net of currency, reduced sales 1% o Sales trends: o Q3 adjusted EBIT decreased primarily from pricing adjustments, particularly in Flooring and Textiles, and other smaller items Furniture, Flooring & Textile – Key Points Q3 Organic Sales Q3 Volume1 Home Furniture (4%) (5%) Work Furniture 4% 2% Flooring 2 (9%) (5%) Textiles 5% 6% 1 Volume represents organic sales excluding raw material-related selling price impact and currency impact 2 Restructuring-related sales attrition: Flooring (1%) 30
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CONTACT US FOR ADDITIONAL INFORMATION Webcast replay and Company Fact Book are available at www.leggett.com Ticker: LEG (NYSE) Website: www.leggett.com Email: invest@leggett.com Phone: (417) 358-8131 Steve West Vice President, Investor Relations Katelyn Pierce Analyst, Investor Relations
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Non-GAAP Adjustments $’s in millions (except EPS) Q3-25 Q3-24 YTD 2025 YTD 2024 Non-GAAP Adjustments 1,2 Restructuring, restructuring-related and impairment charges 3 $4 $12 $15 $34 Gain on sale of Aerospace Products Group 4 (87) — (87) — Gain from net insurance proceeds 4 (13) — (13) (2) Gain on sale of restructuring real estate 4 (2) (14) (19) (14) Gain on sale of idle real estate 4 — — (5) (13) Goodwill impairment 4 — — — 675 CEO transition compensation costs 5 — — — 4 Non-GAAP adjustments (pre-tax) 2 (98) (2) (109) 684 Income tax impact 9 1 11 43 Special tax item 6 2 — 2 — Non-GAAP adjustments (after tax) (87) (1) (96) 641 Diluted shares outstanding 140.2 138.0 139.5 137.2 EPS impact of non-GAAP adjustments ($0.62) ($0.01) ($0.68) $4.67 1 For additional non-GAAP reconciliation information, see page 8 of the press release 2 Calculations impacted by rounding 3 Restructuring charges affected the following line items on the income statement: Q3-25 – COGS ($2), Other Income (expense) ($2); Q3-24 – COGS ($1), SG&A ($6), Other Income (expense) ($5); YTD 2025 – COGS ($3), SG&A ($2), Other Income (expense) ($10); YTD 2024 – COGS ($4), SG&A ($12), Other Income (expense) ($18) 4 Adjustments affected the Other Income (expense) line on the income statement: Q3-25 ($102); Q3-24 $14; YTD 2025 ($124); YTD 2024 ($646) 5 CEO transition compensation costs affected the SG&A line on the income statement: YTD 2024 ($4) 6 $2 tax related to recent U.S. corporate tax law changes 32