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Leggett & Platt Announces Sale of Aerospace Products Group
September 1,
2025 by Karen Parrish in Business Strategy, Industry 
Leggett & Platt announced today it successfully completed the sale of its Aerospace Products Group to affiliated funds managed by Tinicum Incorporated. The transaction is expected to result in after-tax proceeds of approximately $250 million. Proceeds will be used primarily to pay down debt and strengthen the Company's balance sheet and leverage ratio. This divestiture was part of the outcome of the strategic business review to identify and focus on businesses that align with the Company's long-term goals.
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 U.S., UK, and France and approximately 700 employees with net trade sales of $190 million in 2024.
REVISED 2025 FULL YEAR GUIDANCE
As a result of the divestiture of the Aerospace Products Group, management announced it has revised full year 2025 guidance:
Sales: From $4.0 - $4.3; To $3.9 - $4.2
Implied Adjusted EBIT Margin: From 6.5 – 6.9%; To 6.3 – 6.7%
Net Interest Expense: From $ 0.070; To $0.065
EPS: From $0.88 to $1.17; To $1.43 - $1.72
Gain on Aerospace Products Group Sale1: From nil; To: $0.60
Gains of Real Estate Sales: From $0.12 - $0.16; To $0.12 - $0.16
Restructuring Costs: From ($ 0.13 - $ 0.08); To ($ 0.13 - $ 0.08)
Pension Settlement (non-cash): From ($0.11); To ($0.11)
Adjusted EPS: From $1.00 - $1.20; To: $0.95 - $1.15
1The final gain is subject to finalization of net assets and tax rates.
All other previous guidance remains unchanged. Summations may vary slightly due to rounding. For more detailed financial information, including pro-forma results, please see the Company's Form 8-K filed with the SEC on August 29, 2025.
Lazard served as exclusive financial advisor and Freshfields served as legal advisor to Leggett & Platt in this transaction.