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[8-K] Leggett & Platt, Inc. Reports Material Event

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8-K
Rhea-AI Filing Summary

Leggett & Platt closed its previously announced acquisition of the Aerospace Products Group, paying an Estimated Purchase Price of US $285.8 million in cash at closing, with the final price subject to customary post-closing adjustments for Target Working Capital, Cash, and Indebtedness. The acquired business operates seven manufacturing facilities in the United States, the United Kingdom, and France, employs approximately 700 people, and recorded net trade sales of US $190 million in 2024. Leggett furnished a press release announcing the closing and revised sales and earnings guidance, and filed unaudited pro forma consolidated statements and related notes reflecting the Aerospace Transaction as Exhibits 99.1 and 99.2. Certain schedules to the purchase agreement were omitted as not material, and Leggett will provide them to the SEC on request.

Leggett & Platt ha finalizzato l'acquisizione precedentemente annunciata dell'Aerospace Products Group, pagando un prezzo d'acquisto stimato di US $285,8 milioni in contanti alla chiusura, soggetto alle consuete rettifiche post-closing per il capitale circolante, la liquidit脿 e l'indebitamento. L'attivit脿 acquisita gestisce sette stabilimenti produttivi negli Stati Uniti, nel Regno Unito e in Francia, impiega circa 700 persone e ha registrato ricavi netti di vendita di US $190 milioni nel 2024. Leggett ha diffuso un comunicato stampa sull'avvenuta chiusura e sulla revisione delle previsioni di vendite e utili, e ha depositato stati patrimoniali consolidati pro forma non revisionati e note correlate che riflettono l'operazione come Allegati 99.1 e 99.2. Alcuni allegati al contratto di acquisto sono stati omessi perch茅 non materiali e Leggett li fornir脿 alla SEC su richiesta.

Leggett & Platt cerr贸 la adquisici贸n anunciada anteriormente de Aerospace Products Group, pagando un precio de compra estimado de US$285,8 millones en efectivo al cierre, con el precio final sujeto a los ajustes habituales posteriores al cierre por capital de trabajo, efectivo y endeudamiento. El negocio adquirido opera siete instalaciones de fabricaci贸n en Estados Unidos, Reino Unido y Francia, emplea aproximadamente a 700 personas y registr贸 ventas netas comerciales de US$190 millones en 2024. Leggett emiti贸 un comunicado anunciando el cierre y la revisi贸n de sus previsiones de ventas y ganancias, y present贸 estados consolidados pro forma no auditados y notas relacionadas que reflejan la transacci贸n aeroespacial como Anexos 99.1 y 99.2. Se omitieron ciertos anexos del contrato de compra por no ser materiales; Leggett los pondr谩 a disposici贸n de la SEC a petici贸n.

Leggett & Platt鞚� 鞚挫爠鞐� 氚滍憸頃� Aerospace Products Group 鞚胳垬毳� 鞕勲頄堨溂氅�, 膦呹舶 鞁� 順勱笀 氙疙檾 2鞏�8580毵� 雼煬(US $285.8 million)鞚� 於旍爼 毵れ垬臧�毳� 歆�旮夗枅鞀惦媹雼�. 斓滌 臧�瓴╈潃 雽�靸� 鞓侅梾鞛愲掣, 順勱笀 氚� 攵�毂勳棎 雽�頃� 韱奠儊鞝侅澑 膦呹舶 頉� 臁办爼 雽�靸侅瀰雼堧嫟. 鞚胳垬霅� 靷梾觳措姅 氙戈淡, 鞓侁淡, 頂勲瀾鞀れ棎 瓯胳硱 7臧滌潣 靸濎偘 鞁滌劋鞚� 鞖挫榿頃橂┌ 鞎� 700氇�鞚� 瓿犾毄頃橁碃 鞛堦碃, 2024雲� 靾滍寪毵れ暋 氙疙檾 1鞏�9000毵� 雼煬毳� 旮半頄堨姷雼堧嫟. Leggett電� 膦呹舶 氚� 毵れ稖路靾橃澋 鞝勲 靾橃爼鞚� 氚滍憸頃橂姅 氤措弰鞛愲毳� 氚绊彫頄堨溂氅�, 頃车鞖办＜ 瓯半灅毳� 氚橃榿頃� 瓴�韱犽悩歆� 鞎婌潃 鞐瓣舶 於旍爼 鞛鞝滍憸鞕� 甏�霠� 欤检劃鞚� 攵�靻嶌劀 99.1 氚� 99.2搿� 鞝滌稖頄堨姷雼堧嫟. 毵るГ瓿勳暯鞚� 鞚茧秬 觳秬 靹滊電� 欷戩殧頃橃 鞎婋嫟瓿� 韺愲嫧霅橃柎 靸濍灥霅橃棃鞙茧┌, 鞖旍箔 鞁� SEC鞐� 鞝滉车頃� 鞓堨爼鞛呺媹雼�.

Leggett & Platt a finalis茅 l'acquisition pr茅c茅demment annonc茅e d'Aerospace Products Group, en versant un prix d'achat estim茅 de US $285,8 millions en esp猫ces 脿 la cl么ture, le prix final 茅tant soumis aux ajustements post-cl么ture habituels portant sur le fonds de roulement cible, la tr茅sorerie et l'endettement. L'activit茅 acquise exploite sept sites de production aux 脡tats-Unis, au Royaume-Uni et en France, emploie environ 700 personnes et a enregistr茅 des ventes nettes commerciales de US $190 millions en 2024. Leggett a publi茅 un communiqu茅 annon莽ant la cl么ture et la r茅vision des pr茅visions de ventes et de r茅sultats, et a d茅pos茅 des 茅tats financiers consolid茅s pro forma non audit茅s ainsi que les notes aff茅rentes refl茅tant la transaction a茅rospatiale en tant qu'Exhibits 99.1 et 99.2. Certains annexes du contrat d'achat ont 茅t茅 omis car non mat茅riels; Leggett les fournira 脿 la SEC sur demande.

Leggett & Platt hat den zuvor angek眉ndigten Erwerb der Aerospace Products Group abgeschlossen und einen gesch盲tzten Kaufpreis von US$285,8 Millionen in bar bei Closing gezahlt; der endg眉ltige Preis unterliegt den 眉blichen nachtr盲glichen Anpassungen f眉r Ziel-Nettoumlaufverm枚gen, Kassenbestand und Verbindlichkeiten. Das erworbene Gesch盲ft betreibt sieben Produktionsst盲tten in den USA, im Vereinigten K枚nigreich und in Frankreich, besch盲ftigt rund 700 Mitarbeiter und erzielte Netto-Handelsums盲tze von US$190 Millionen im Jahr 2024. Leggett ver枚ffentlichte eine Pressemitteilung zur Schlie脽ung und zur angepassten Umsatz- und Ergebnisprognose und legte ungepr眉fte pro forma konsolidierte Abschl眉sse sowie zugeh枚rige Erl盲uterungen als Anlage 99.1 und 99.2 vor. Bestimmte Anh盲nge des Kaufvertrags wurden als nicht wesentlich ausgelassen; Leggett stellt diese der SEC auf Anfrage zur Verf眉gung.

Positive
  • Acquisition closed with an estimated cash payment of US $285.8 million at closing
  • Added scale: Aerospace Products Group reported US $190 million in net trade sales in 2024
  • International footprint with seven manufacturing facilities in the US, UK, and France and ~700 employees
  • Pro forma financials (unaudited) filed to show the transaction's financial impact
Negative
  • Final purchase price unsettled and subject to post-closing adjustments for working capital, cash, and indebtedness
  • Revised sales and earnings guidance was announced but the filing does not disclose the revised numeric guidance
  • Some schedules to the purchase agreement were omitted from the filing (available to the SEC on request)

Insights

TL;DR: Leggett completed a ~$286M cash acquisition adding $190M of 2024 sales and will present pro forma results for investors.

The acquisition is clearly material given the disclosed $190 million of prior-year net trade sales relative to the transaction price of $285.8 million. Leggett provided unaudited pro forma operating and balance sheet information for mid-2025 and full-year 2024 to show the combined company impact. The purchase price remains subject to typical post-closing working capital, cash, and indebtedness adjustments, which introduces timing and quantum uncertainty until settled. The company also revised sales and earnings guidance and furnished a press release, though the filing does not include the revised numeric guidance.

TL;DR: Strategic acquisition of a specialized aerospace supplier with international footprint; closing was cash-funded and accompanied by pro forma disclosures.

The transaction brings seven manufacturing sites across three countries and about 700 employees, suggesting immediate operational scale in aerospace components. Leggett paid an estimated cash amount at closing and incorporated the deal into its pro forma financials, indicating intent to integrate and report combined results promptly. Omitted ancillary schedules were stated as non-material and are available to regulators on request, aligning with common M&A disclosure practice.

Leggett & Platt ha finalizzato l'acquisizione precedentemente annunciata dell'Aerospace Products Group, pagando un prezzo d'acquisto stimato di US $285,8 milioni in contanti alla chiusura, soggetto alle consuete rettifiche post-closing per il capitale circolante, la liquidit脿 e l'indebitamento. L'attivit脿 acquisita gestisce sette stabilimenti produttivi negli Stati Uniti, nel Regno Unito e in Francia, impiega circa 700 persone e ha registrato ricavi netti di vendita di US $190 milioni nel 2024. Leggett ha diffuso un comunicato stampa sull'avvenuta chiusura e sulla revisione delle previsioni di vendite e utili, e ha depositato stati patrimoniali consolidati pro forma non revisionati e note correlate che riflettono l'operazione come Allegati 99.1 e 99.2. Alcuni allegati al contratto di acquisto sono stati omessi perch茅 non materiali e Leggett li fornir脿 alla SEC su richiesta.

Leggett & Platt cerr贸 la adquisici贸n anunciada anteriormente de Aerospace Products Group, pagando un precio de compra estimado de US$285,8 millones en efectivo al cierre, con el precio final sujeto a los ajustes habituales posteriores al cierre por capital de trabajo, efectivo y endeudamiento. El negocio adquirido opera siete instalaciones de fabricaci贸n en Estados Unidos, Reino Unido y Francia, emplea aproximadamente a 700 personas y registr贸 ventas netas comerciales de US$190 millones en 2024. Leggett emiti贸 un comunicado anunciando el cierre y la revisi贸n de sus previsiones de ventas y ganancias, y present贸 estados consolidados pro forma no auditados y notas relacionadas que reflejan la transacci贸n aeroespacial como Anexos 99.1 y 99.2. Se omitieron ciertos anexos del contrato de compra por no ser materiales; Leggett los pondr谩 a disposici贸n de la SEC a petici贸n.

Leggett & Platt鞚� 鞚挫爠鞐� 氚滍憸頃� Aerospace Products Group 鞚胳垬毳� 鞕勲頄堨溂氅�, 膦呹舶 鞁� 順勱笀 氙疙檾 2鞏�8580毵� 雼煬(US $285.8 million)鞚� 於旍爼 毵れ垬臧�毳� 歆�旮夗枅鞀惦媹雼�. 斓滌 臧�瓴╈潃 雽�靸� 鞓侅梾鞛愲掣, 順勱笀 氚� 攵�毂勳棎 雽�頃� 韱奠儊鞝侅澑 膦呹舶 頉� 臁办爼 雽�靸侅瀰雼堧嫟. 鞚胳垬霅� 靷梾觳措姅 氙戈淡, 鞓侁淡, 頂勲瀾鞀れ棎 瓯胳硱 7臧滌潣 靸濎偘 鞁滌劋鞚� 鞖挫榿頃橂┌ 鞎� 700氇�鞚� 瓿犾毄頃橁碃 鞛堦碃, 2024雲� 靾滍寪毵れ暋 氙疙檾 1鞏�9000毵� 雼煬毳� 旮半頄堨姷雼堧嫟. Leggett電� 膦呹舶 氚� 毵れ稖路靾橃澋 鞝勲 靾橃爼鞚� 氚滍憸頃橂姅 氤措弰鞛愲毳� 氚绊彫頄堨溂氅�, 頃车鞖办＜ 瓯半灅毳� 氚橃榿頃� 瓴�韱犽悩歆� 鞎婌潃 鞐瓣舶 於旍爼 鞛鞝滍憸鞕� 甏�霠� 欤检劃鞚� 攵�靻嶌劀 99.1 氚� 99.2搿� 鞝滌稖頄堨姷雼堧嫟. 毵るГ瓿勳暯鞚� 鞚茧秬 觳秬 靹滊電� 欷戩殧頃橃 鞎婋嫟瓿� 韺愲嫧霅橃柎 靸濍灥霅橃棃鞙茧┌, 鞖旍箔 鞁� SEC鞐� 鞝滉车頃� 鞓堨爼鞛呺媹雼�.

Leggett & Platt a finalis茅 l'acquisition pr茅c茅demment annonc茅e d'Aerospace Products Group, en versant un prix d'achat estim茅 de US $285,8 millions en esp猫ces 脿 la cl么ture, le prix final 茅tant soumis aux ajustements post-cl么ture habituels portant sur le fonds de roulement cible, la tr茅sorerie et l'endettement. L'activit茅 acquise exploite sept sites de production aux 脡tats-Unis, au Royaume-Uni et en France, emploie environ 700 personnes et a enregistr茅 des ventes nettes commerciales de US $190 millions en 2024. Leggett a publi茅 un communiqu茅 annon莽ant la cl么ture et la r茅vision des pr茅visions de ventes et de r茅sultats, et a d茅pos茅 des 茅tats financiers consolid茅s pro forma non audit茅s ainsi que les notes aff茅rentes refl茅tant la transaction a茅rospatiale en tant qu'Exhibits 99.1 et 99.2. Certains annexes du contrat d'achat ont 茅t茅 omis car non mat茅riels; Leggett les fournira 脿 la SEC sur demande.

Leggett & Platt hat den zuvor angek眉ndigten Erwerb der Aerospace Products Group abgeschlossen und einen gesch盲tzten Kaufpreis von US$285,8 Millionen in bar bei Closing gezahlt; der endg眉ltige Preis unterliegt den 眉blichen nachtr盲glichen Anpassungen f眉r Ziel-Nettoumlaufverm枚gen, Kassenbestand und Verbindlichkeiten. Das erworbene Gesch盲ft betreibt sieben Produktionsst盲tten in den USA, im Vereinigten K枚nigreich und in Frankreich, besch盲ftigt rund 700 Mitarbeiter und erzielte Netto-Handelsums盲tze von US$190 Millionen im Jahr 2024. Leggett ver枚ffentlichte eine Pressemitteilung zur Schlie脽ung und zur angepassten Umsatz- und Ergebnisprognose und legte ungepr眉fte pro forma konsolidierte Abschl眉sse sowie zugeh枚rige Erl盲uterungen als Anlage 99.1 und 99.2 vor. Bestimmte Anh盲nge des Kaufvertrags wurden als nicht wesentlich ausgelassen; Leggett stellt diese der SEC auf Anfrage zur Verf眉gung.

false000005849200000584922025-08-292025-08-29

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) August 29, 2025 
LEGGETT & PLATT, INCORPORATED
(Exact name of registrant as specified in its charter)  
Missouri 001-07845 44-0324630
(State or other jurisdiction
of incorporation)		 (Commission
File Number)		 (IRS Employer
Identification No.)
 
1 Leggett Road, 
Carthage,
MO
 64836
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code 417-358-8131
N/A
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):  
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol
Name of each exchange on
which registered
Common Stock, $.01 par valueLEGNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company  ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐


Item 2.01 Completion of Acquisition or Disposition of Assets.
On August 29, 2025, Leggett & Platt, Incorporated (“Leggett” or “Company”) completed the previously announced sale of certain legal entities comprising Leggett’s Aerospace Products Group pursuant to the Share Purchase Agreement, dated April 2, 2025 (the “Purchase Agreement”). Under the Purchase Agreement, Flow Intermediate II, LLC, a Delaware limited liability company, and Flow UK Holdco, Limited, a UK corporation (collectively, the “Purchaser Entities”) purchased all of the outstanding shares and other equity interests of certain legal entities comprising Leggett’s Aerospace Products Group (the “Aerospace Transaction”). The Purchaser Entities are owned by investment partnerships advised by Tinicum Incorporated (“Tinicum”), a U.S.-based private investment firm. Reference is made to the Purchase Agreement, which was filed as Exhibit 2.1 to the Company’s Form 8-K on April 2, 2025. Capitalized terms used but not defined herein have the meanings set forth in the Purchase Agreement.
At the closing of the Aerospace Transaction contemplated by the Purchase Agreement (the “Closing”), an Estimated Purchase Price of US $285.8 million was paid to Leggett in cash. The determination of the final Purchase Price is subject to customary post-Closing adjustments based upon Target Working Capital, Cash, and Indebtedness as described in the Purchase Agreement.
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 United States, the United Kingdom, and France with approximately 700 employees and generated net trade sales of US $190 million in 2024.
Neither Tinicum, the Purchaser Entities, nor their respective affiliates is a party to any material relationship with Leggett or its affiliates other than the Purchase Agreement and certain ancillary agreements entered into in connection with the Aerospace Transaction.
The foregoing description of the Purchase Agreement is included to provide you with information regarding its terms. It does not purport to be complete and is qualified in its entirety by reference to the full text of the Purchase Agreement, which is incorporated herein by reference as Exhibit 2.1.
Item 7.01 Regulation FD Disclosure.
On August 29, 2025, Leggett issued a press release announcing the Closing of the Aerospace Transaction and revised sales and earnings guidance of the Company. A copy of the press release is furnished as Exhibit 99.1 and is incorporated herein by reference. The information disclosed under this Item 7.01 is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section. This information shall not be incorporated by reference into any document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(b) Pro Forma Financial Information.
The Company is filing: (i) unaudited pro forma consolidated condensed statement of operations for the six months ended June 30, 2025, (ii) unaudited pro forma consolidated condensed statement of operations for the year ended December 31, 2024, (iii) unaudited pro forma consolidated condensed balance sheet as of June 30, 2025, and (iv) the notes thereto, all of which gives effect to the Aerospace Transaction, and are attached hereto as Exhibit 99.2 to this Form 8-K and are incorporated herein by reference.


2

d) Exhibits.

EXHIBIT INDEX

Exhibit No.                                                            Description
2.1
Share Purchase Agreement by and between Leggett & Platt, Incorporated, Flow Intermediate II, LLC and Flow UK Holdco, Limited dated April 2, 2025 filed April 2, 2025, as Exhibit 2.1 to the Company’s Form 8-K, is incorporated by reference. Pursuant to Item 601(a)(5) of Regulation S-K, schedules (and similar attachments) to the Share Purchase Agreement have been omitted because they do not contain information material to an investment or voting decision and such information is not otherwise disclosed in this exhibit. Leggett agrees to furnish, supplementally, a copy of any omitted schedule to the SEC or its staff upon request.
99.1*
Press Release of Leggett & Platt, Incorporated, dated August 29, 2025
99.2**
Unaudited pro forma consolidated condensed financial statements of the Company, giving effect to the Aerospace Transaction, which include: (i) unaudited pro forma consolidated condensed statements of operations for the six months ended June 30, 2025 and for the year ended December 31, 2024, and (ii) unaudited pro forma consolidated condensed balance sheet as of June 30, 2025
104Cover Page Interactive Data File (embedded within the inline XBRL document)
*Denotes furnished herewith.
**Denotes filed herewith.


3

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
  LEGGETT & PLATT, INCORPORATED
Date: August 29, 2025  By: /s/ JENNIFER J. DAVIS
   Jennifer J. Davis
   Executive Vice President - General Counsel


4

Source:

FAQ

What did Leggett & Platt (LEG) pay to acquire the Aerospace Products Group?

Leggett paid an Estimated Purchase Price of US $285.8 million in cash at closing, with the final amount subject to customary post-closing adjustments.

How large is the acquired Aerospace Products Group in revenue and employees?

The Aerospace Products Group generated US $190 million in net trade sales in 2024 and has approximately 700 employees across seven facilities.

Where are the Aerospace Products Group's manufacturing facilities located?

The business operates seven manufacturing facilities located in the United States, the United Kingdom, and France.

Did Leggett file pro forma financial statements related to the acquisition?

Yes. Leggett filed unaudited pro forma consolidated condensed statements of operations for the six months ended June 30, 2025, for the year ended December 31, 2024, and a pro forma balance sheet as of June 30, 2025, as Exhibit 99.2.

Did the filing disclose revised guidance following the acquisition?

The filing states Leggett issued a press release announcing the closing and revised sales and earnings guidance, but the filing does not provide the revised numeric guidance.
Stock LEG logo
Leggett & Platt Inc

NYSE:LEG

LEG Rankings

#2439 Ranked by Market Cap
#1550 Ranked by Dividends

LEG Latest News

Aug 29, 2025
Leggett & Platt Closes the Sale of its Aerospace Products Group
Aug 7, 2025
Leggett & Platt Announces Quarterly Dividend of $.05
Jul 31, 2025
Leggett & Platt Reports 2Q 2025 Results
Jul 17, 2025
Leggett & Platt Announces 2Q 2025 Earnings Call
May 7, 2025
Leggett & Platt Announces Quarterly Dividend and Annual Meeting Results; Two Directors Retire

LEG Latest SEC Filings

Aug 25, 2025
[Form 4] Leggett & Platt, Inc. Insider Trading Activity
Aug 25, 2025
[Form 4] Leggett & Platt, Inc. Insider Trading Activity
Aug 25, 2025
[Form 4] Leggett & Platt, Inc. Insider Trading Activity
Aug 25, 2025
[Form 4] Leggett & Platt, Inc. Insider Trading Activity
Aug 25, 2025
[Form 4] Leggett & Platt, Inc. Insider Trading Activity

LEG Stock Data

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2.38%
86.03%
6.39%
Furnishings, Fixtures & Appliances
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