LEG

CARTHAGE, Mo., May 21, 2026 /PRNewswire/ -- Board declared second quarter dividend of $.05 per share Annual meeting voting aligned with Board recommendations Leggett & Platt's Board of Directors declared a dividend of $.05 per share for the second quarter 2026. The dividend will be paid on July 15, 2026 to shareholders of record on June 15, 2026. The Company's annual meeting of shareholders was held this morning. Shareholders elected as directors the eight nominees proposed by the Board; ratified the selection of PricewaterhouseCoopers as the Company's independent registered public accountant for 2026; endorsed the compensation of the Company's named executive officers; and approved the amendment and restatement of the Company's Flexible Stock Plan. No other proposals were voted upon. FOR MORE INFORMATION: Visit Leggett's website at www.leggett.com. COMPANY DESCRIPTION: Leggett & Platt (NYSE: LEG) is a diversified manufacturer that designs and produces a broad variety of engineered components and products that can be found in many homes and automobiles. The 143-year-old Company is a leading supplier of bedding components and solutions; automotive seat comfort and convenience systems; home and work furniture components; geo components; flooring underlayment; and hydraulic cylinders for material handling and heavy construction applications. View original content to download multimedia:https://www.prnewswire.com/news-releases/leggett--platt-announces-quarterly-dividend-and-annual-meeting-results-302779277.html

Legget & Platt (LEG) reported $918.2 million in revenue for the quarter ended March 2026, representing a year-over-year decline of 10.2%. EPS of $0.15 for the same period compares to $0.24 a year ago. The reported revenue represents a surprise of -2.66% over the Zacks Consensus Estimate of $943.27 million. With the consensus EPS estimate being $0.26, the EPS surprise was -42.31%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Legget & Platt performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Trade sales- Furniture, Flooring and Textile Products: $309.2 million versus $328.53 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -6.7% change. Trade sales- Specialized Products: $244.1 million compared to the $245.86 million average estimate based on three analysts. The reported number represents a change of -18.7% year over year. Trade sales- Bedding Products: $364.9 million versus $368.89 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -6.6% change. EBIT- Bedding Products: $25.7 million versus $19.55 million estimated by two analysts on average. EBIT- Furniture, Flooring and Textile Products: $4.4 million versus the two-analyst average estimate of $19.95 million. EBIT- Specialized Products: $17.7 million versus the two-analyst average estimate of $20.56 million. View all Key Company Metrics for Legget & Platt here>>> Shares of Legget & Platt have returned +14.3% over the past month versus the Zacks S&P 500 composite's +11.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Leggett & Platt, Incorporated (LEG) : Free Stock Analysis Report This arti...

Leggett & Platt (NYSE:LEG) reported weaker-than-expected first-quarter results on Thursday and withdrew its 2026 outlook following the announcement of its pending acquisition by Somnigroup International Inc. (NYSE:SGI). Shares of the company fell 8.06% after the earnings release. The company posted adjusted earnings of $0.15 per share for the quarter, missing the analyst consensus estimate of $0.25 by $0.10. Revenue totaled $918 million, down 10% from the prior year and below analyst expectations of $949.65 million. Leggett & Platt said the decline reflected a 5% impact from divestitures and a 5% decrease in organic sales, driven by a 9% drop in volume across most of its end markets. The company withdrew its previously issued 2026 financial guidance due to the planned acquisition by Somnigroup International, which was announced on April 13. The transaction is expected to close by the end of 2026, pending shareholder approval and regulatory clearances. President and CEO Karl Glassman said quarterly sales were generally in line with company expectations, but acknowledged weaker conditions in the bedding business. “demand in our domestic bedding business was lower than anticipated, as the overall health of the U.S. industry remains challenged.” The company estimates that the U.S. mattress market declined by a high single-digit to low double-digit percentage during the first quarter. Adjusted EBIT declined to $43 million from $67 million in the first quarter of 2025. Leggett & Platt said the decrease was mainly driven by lower sales volume, margin pressure within the Flooring business, and the absence of contributions from the divested Aerospace segment. The company also noted that the war in Iran contributed to rising transportation expenses and longer shipping transit times late in the quarter. Additionally, higher chemical prices are expected to pressure costs further during the second quarter. Operating cash flow was negative $56 million during the quarter, representing a deterioration of $63 million compared with the same period last year. At quarter-end, net debt stood at 2.8 times trailing 12-month adjusted EBITDA. Leggett & Platt manufactures engineered components and products used in bedding, furniture, flooring, automotive seating, and other industrial applications. The company supplies materials and systems to manufacturers across consumer and industr...

CARTHAGE, Mo., May 7, 2026 /PRNewswire/ -- 1Q sales of $918 million, a 10% decrease vs 1Q25, including a 5% decrease from divestitures 1Q EPS of $.14, 1Q adjusted1 EPS of $.15, a $.09 decrease vs adjusted1 1Q25 EPS Withdrawing previously issued 2026 guidance due to the pending acquisition by Somnigroup International President and CEO Karl Glassman commented, "In aggregate, first quarter sales were in line with our expectations, and restructuring actions implemented over the past two years continued to deliver EBIT benefits, reflecting continued progress in structurally improving our earnings profile. "At the same time, first quarter results reflected lower market demand across most of our businesses compared to the prior year, particularly in residential end markets. Demand in our domestic bedding business was lower than anticipated, as the overall health of the U.S. industry remains challenged across both manufacturers and retailers due to continued weakness in consumer activity. Market conditions were stable early in the quarter, and the President's Day promotional period generally met expectations. As the quarter progressed, however, weather-related closures, economic uncertainty, and lower consumer sentiment driven by the war in Iran weighed on demand. As a result, we believe the U.S. mattress market declined by high single to low double digits in the first quarter. "In addition to weak demand, our teams navigated a dynamic global environment related to the war in Iran, which drove higher transportation costs and increased transit times late in the quarter, as well as higher chemical prices that will begin to impact our costs in the second quarter. The combination of lower volume and continued cost pressures – most notably in our Furniture, Flooring & Textile Products segment – resulted in lower margins. We are mitigating these pressures through product and sourcing actions and by passing through price increases where appropriate. "Despite these macroeconomic challenges and disruptions, we remain focused on our long-term priorities. As previously announced, we signed a merger agreement with Somnigroup, a valued long–standing customer and partner, that provides Leggett & Platt shareholders with an opportunity to participate in the future growth and value creation of a leading global company. For more than 140 years, Leggett & Platt has been defined by inn...

Legget & Platt (LEG) came out with quarterly earnings of $0.15 per share, missing the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.24 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -42.31%. A quarter ago, it was expected that this engineered component manufacturer would post earnings of $0.22 per share when it actually produced earnings of $0.22, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Legget & Platt, which belongs to the Zacks Furniture industry, posted revenues of $918.2 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 2.66%. This compares to year-ago revenues of $1.02 billion. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Legget & Platt shares have added about 3.4% since the beginning of the year versus the S&P 500's gain of 7.6%. While Legget & Platt has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Legget & Platt was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank...

CARTHAGE, Mo. (AP) — CARTHAGE, Mo. (AP) — Leggett & Platt Inc. (LEG) on Thursday reported first-quarter earnings of $20 million. On a per-share basis, the Carthage, Missouri-based company said it had profit of 14 cents. Earnings, adjusted for non-recurring costs, came to 15 cents per share. The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share. The engineered component manufacturer posted revenue of $918.2 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $943.3 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LEG at https://www.zacks.com/ap/LEG

Leggett & Platt (LEG) reported Q1 adjusted earnings Thursday of $0.15 per diluted share, down from $

Carthage, MO, April 23, 2026 (GLOBE NEWSWIRE) -- Leggett & Platt (NYSE:LEG), a diversified manufacturer of engineered products serving several major markets, will release first quarter earnings results on Thursday, May 7, 2026 before the market opens. The Company will not host a call in connection with the earnings release. The earnings release will be available on the Investor Relations section of our website. COMPANY DESCRIPTION: Leggett & Platt (NYSE: LEG) is a diversified manufacturer that designs and produces a broad variety of engineered components and products that can be found in many homes and automobiles. The 143-year-old Company is a leading supplier of bedding components and solutions; automotive seat comfort and convenience systems; home and work furniture components; geo components; flooring underlayment; hydraulic cylinders for material handling and heavy construction applications. INVESTOR CONTACTS: Ryan Kleiboeker, Executive Vice President (417) 358-8131 [email protected]

Since September 2025, Leggett & Platt has been in a holding pattern, posting a small return of 5% while floating around $10.12. Is now the time to buy Leggett & Platt, or should you be careful about including it in your portfolio? Get the full breakdown from our expert analysts, it’s free. We don't have much confidence in Leggett & Platt. Here are three reasons why LEG doesn't excite us and a stock we'd rather own. Examining a company’s long-term performance can provide clues about its quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. Over the last five years, Leggett & Platt’s demand was weak and its revenue declined by 1.1% per year. This wasn’t a great result and is a sign of poor business quality. Free cash flow isn't a prominently featured metric in company financials and earnings releases, but we think it's telling because it accounts for all operating and capital expenses, making it tough to manipulate. Cash is king. Leggett & Platt has shown poor cash profitability relative to peers over the last two years, giving the company fewer opportunities to return capital to shareholders. Its free cash flow margin averaged 6%, below what we’d expect for a consumer discretionary business. A company’s ROIC, or return on invested capital, shows how much operating profit it makes compared to the money it has raised (debt and equity). We like to invest in businesses with high returns, but the trend in a company’s ROIC is what often surprises the market and moves the stock price. Over the last few years, Leggett & Platt’s ROIC has unfortunately decreased significantly. Paired with its already low returns, these declines suggest its profitable growth opportunities are few and far between. We cheer for all companies serving everyday consumers, but in the case of Leggett & Platt, we’ll be cheering from the sidelines. That said, the stock currently trades at 9.5× forward P/E (or $10.12 per share). While this valuation is optically cheap, the potential downside is huge given its shaky fundamentals. There are better stocks to buy right now. Let us point you toward a top digital advertising platform riding the creator economy. ONE MORE THING: Top 5 Growth Stocks. The biggest stock winners almost always had one thing in common before they ran. Revenue growing like crazy. Meta. CrowdStrike. Broadcom. Our AI flagged al...

A month has gone by since the last earnings report for Legget & Platt (LEG). Shares have lost about 10.8% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Legget & Platt due for a breakout? Well, first let's take a quick look at its latest earnings report in order to get a better handle on the recent drivers for Leggett & Platt, Incorporated before we dive into how investors and analysts have reacted as of late. Leggett & Platt reported fourth-quarter 2025 sales of $939 million, down 11% year over year, but topping the Zacks Consensus Estimate by 0.7%. The decline reflected soft demand in residential end markets, Automotive, and Hydraulic Cylinders, partly offset by gains in Textiles and Work Furniture. Organic sales fell 6%, while divestitures lowered sales 5%. Adjusted EPS of 22 cents met the Zacks Consensus Estimate and increased 4.8% year over year, primarily due to metal margin expansion, though volume declines offset the gains. Bedding Products: Sales fell 11%, with a 15% volume drop. Adjusted EBIT margin improved 240 bps to 4.4%, aided by metal margin expansion and restructuring gains. Specialized Products: Sales declined 21%, reflecting weaker Automotive and Hydraulic Cylinders performance. Adjusted EBIT margin decreased 50 bps to 9.5%. Furniture, Flooring & Textile Products: Sales were down 3% year over year; adjusted EBIT margin fell 230 bps to 2.8%, impacted by pricing pressure in Flooring and Textiles. Adjusted EBIT came in at $47.9 million, down 14% year over year, while adjusted EBIT margin declined 20 basis points (bps) to 5.1%. Leggett ended the fourth quarter with $587 million in cash, $1.3 billion in total liquidity, and $1.5 billion in long-term debt, down 20% year over year. Operating cash flow improved to $338 million, up 11% year over year, driven by better working capital management. Capital expenditures were $57 million and dividends totaled $27 million. For 2026, sales are projected between $3.8 billion and $4 billion (down 1-6% year over year), while adjusted EPS is expected at $1.00-$1.20, up at the midpoint compared with 2025. The company targets an operating cash flow of $225–$275 million and continues to focus on deleveraging and disciplined cost execution. Since the earnings release, investors have witnessed a upward trend in estimates review...

CARTHAGE, Mo., Feb. 26, 2026 /PRNewswire/ -- Leggett & Platt's Board of Directors declared a dividend of $.05 per share for the first quarter of 2026. The dividend will be paid on April 15, 2026 to shareholders of record on March 13, 2026. FOR MORE INFORMATION: Visit Leggett's website at www.leggett.com. COMPANY DESCRIPTION: Leggett & Platt (NYSE: LEG) is a diversified manufacturer that designs and produces a broad variety of engineered components and products that can be found in many homes and automobiles. The 143-year-old Company is a leading supplier of bedding components and solutions; automotive seat comfort and convenience systems; home and work furniture components; geo components; flooring underlayment; and hydraulic cylinders for material handling and heavy construction applications. View original content to download multimedia:https://www.prnewswire.com/news-releases/leggett--platt-announces-quarterly-dividend-of-05-302698608.html

Leggett & Platt’s fourth quarter results met Wall Street’s core expectations, but the market responded negatively due to ongoing sales declines and continued softness in residential end markets. Management pointed to the completion of its multi-year restructuring plan as a key achievement, with cost savings and operational improvements partially offsetting lower sales volumes. CEO Karl Glassman described the residential demand environment as a “multiyear depression,” highlighting persistent consumer hesitation and affordability challenges. The company also cited specific customer disruptions and weak demand in automotive and hydraulic cylinders as contributing factors. Is now the time to buy LEG? Find out in our full research report (it’s free). Revenue: $938.6 million vs analyst estimates of $938.7 million (11.2% year-on-year decline, in line) Adjusted EPS: $0.22 vs analyst estimates of $0.23 (in line) Adjusted EBITDA: $79.6 million vs analyst estimates of $88.18 million (8.5% margin, 9.7% miss) Adjusted EPS guidance for the upcoming financial year 2026 is $1.10 at the midpoint, beating analyst estimates by 1.1% Operating Margin: 3.4%, in line with the same quarter last year Market Capitalization: $1.60 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Susan Maklari (Goldman Sachs): asked how restructuring benefits are flowing through segment margins and about additional cost improvement opportunities. CEO Karl Glassman and CFO Ben Burns detailed realized and expected run-rate benefits, emphasizing ongoing operational reviews but no new major divestitures planned. Maklari (Goldman Sachs): questioned Bedding market recovery drivers if housing does not rebound. President Tyson Hagale noted no recovery is assumed in guidance, pointing to continued headwinds from affordability and consumer confidence. Maklari (Goldman Sachs): requested segment-specific revenue and margin guidance. Burns provided segment-by-segment expectations, highlighting modest gains in Bedding margins, declines in Specialized Products, and flat results in Furniture, Flooring and Textile. Alessandra Jimenez (Raymond James): inquired about volu...