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Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Leggett & Platt, Incorporated (NYSE:LEG – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 64,620 shares of the company’s stock, valued at approximately $757,000.

A number of other hedge funds have also modified their holdings of the stock. BlackRock Inc. bought a new position in Leggett & Platt during the second quarter valued at approximately $265,194,000. Bank of New York Mellon Corp bought a new stake in Leggett & Platt in the second quarter worth approximately $15,511,000. Lazard Asset Management LLC acquired a new position in shares of Leggett & Platt during the 4th quarter worth $11,297,000. Towle & Co. acquired a new position in shares of Leggett & Platt during the 4th quarter worth $10,484,000. Finally, Forest Avenue Capital Management LP raised its holdings in shares of Leggett & Platt by 208.4% during the 4th quarter. Forest Avenue Capital Management LP now owns 1,233,534 shares of the company’s stock valued at $13,569,000 after purchasing an additional 833,534 shares in the last quarter. 64.23% of the stock is owned by institutional investors and hedge funds.

Leggett & Platt Price Performance NYSE LEG opened at $9.20 on Tuesday. Leggett & Platt, Incorporated has a 1 year low of $8.34 and a 1 year high of $13.00. The company has a fifty day simple moving average of $10.44 and a 200 day simple moving average of $10.53. The company has a current ratio of 2.35, a quick ratio of 1.53 and a debt-to-equity ratio of 1.38. The company has a market cap of $1.26 billion, a P/E ratio of 5.90 and a beta of 0.73.

Leggett & Platt (NYSE:LEG – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.13. The firm had revenue of $999.70 million during the quarter, compared to analyst estimates of $982.86 million. Leggett & Platt had a net margin of 5.64% and a return on equity of 13.31%. The business’s revenue was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.30 EPS. On average, sell-side analysts predict that Leggett & Platt, Incorporated will post 1.05 EPS for the current year. Leggett & Platt Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Monday, August 10th were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.20 dividend on an annualized basis and a yield of 2.2%. Leggett & Platt’s dividend payout ratio (DPR) is 12.82%.

Analysts Set New Price Targets A number of brokerages recently issued reports on LEG. Weiss Ratings cut shares of Leggett & Platt from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 29th. Truist Financial cut their target price on Leggett & Platt from $13.00 to $11.00 and set a “hold” rating on the stock in a report on Friday, May 8th. Piper Sandler reduced their price target on Leggett & Platt from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Wednesday, August 12th. Finally, Zacks Research upgraded Leggett & Platt from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $10.67.

Read Our Latest Analysis on LEG

Leggett & Platt Profile (Free Report)

Leggett & Platt, Inc is a diversified manufacturer specializing in the design, engineering and production of a wide range of engineered components and products. The company’s offerings span several end markets, including residential bedding, commercial and residential furniture, automotive seating and interiors, aerospace applications and industrial products. By integrating product design with proprietary manufacturing processes, Leggett & Platt serves as a key supplier to both original equipment manufacturers and aftermarket distributors.

The company’s core product lines include coil springs and support systems for mattresses and furniture, adjustable bed mechanisms, engineered components such as extruded and formed metal products, and specialty foam and bedding products.

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Here are three stocks with buy rank and strong value characteristics for investors to consider today, August 27:

Mercury General Corporation (MCY - Free Report) : This automobile-focused property and casualty insurer from the United States carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 12% over the last 60 days.

Mercury General has a price-to-earnings ratio (P/E) of 8.19, compared with 54.20 for the industry. The company possesses a Value Score  of A.

Leggett & Platt, Incorporated : This engineered components and products company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 16.7% over the last 60 days.

Leggett & Platt has a price-to-earnings ratio (P/E) of 8.90, compared with 14.50 for industry. The company possesses a Value Score of A.

Horace Mann Educators Corporation (HMN - Free Report) : This insurance holding company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.2% over the last 60 days.

Horace Mann has a price-to-earnings ratio (P/E) of 10.69, compared with 12.80 for the industry. The company possesses a Value Score of A.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Learn more about the Value score and how it is calculated here.

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.

Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.

On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.

One company to watch right now is Leggett & Platt (LEG - Free Report) . LEG is currently sporting a Zacks Rank #2 (Buy), as well as a Value grade of A.

We should also highlight that LEG has a P/B ratio of 1.48. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 1.71. Over the past 12 months, LEG's P/B has been as high as 2.83 and as low as 1.18, with a median of 1.70.

Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a preferred metric because revenue can't really be manipulated, so sales are often a truer performance indicator. LEG has a P/S ratio of 0.33. This compares to its industry's average P/S of 0.49.

Finally, investors will want to recognize that LEG has a P/CF ratio of 4.78. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 7.43. Within the past 12 months, LEG's P/CF has been as high as 61.65 and as low as 3.05, with a median of 4.80.

These are only a few of the key metrics included in Leggett & Platt's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, LEG looks like an impressive value stock at the moment.

Here are three stocks with buy rank and strong income characteristics for investors to consider today, August 20:

Leggett & Platt, Incorporated (LEG - Free Report) : This engineered components and products company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 15.6% over the last 60 days.

This Zacks Rank #1 company has a dividend yield of 2.1%, compared with the industry average of 0.0%.

Kaiser Aluminum Corporation (KALU - Free Report) : This semi-fabricated specialty aluminum mill products company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 22.3% over the last 60 days.

This Zacks Rank #1 company has a dividend yield of 1.9%, compared with the industry average of 0.0%.

The Cheesecake Factory Incorporated (CAKE - Free Report) : This restaurant company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 11.5% over the last 60 days.

This Zacks Rank #1 company has a dividend yield of 1.1%, compared with the industry average of 0.0%.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Find more top income stocks with some of our great premium screens.

Posted by Defense World Staff on Aug 8th, 2026

Dimensional Fund Advisors LP reduced its stake in shares of Leggett & Platt, Incorporated (NYSE:LEG – Free Report) by 2.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,958,653 shares of the company’s stock after selling 57,866 shares during the period. Dimensional Fund Advisors LP owned 1.44% of Leggett & Platt worth $19,350,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Royal Bank of Canada lifted its stake in shares of Leggett & Platt by 59.5% in the first quarter. Royal Bank of Canada now owns 47,054 shares of the company’s stock worth $372,000 after buying an additional 17,561 shares during the last quarter. Jones Financial Companies Lllp grew its stake in Leggett & Platt by 8.4% in the 1st quarter. Jones Financial Companies Lllp now owns 14,661 shares of the company’s stock valued at $116,000 after buying an additional 1,132 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Leggett & Platt by 3.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 454,096 shares of the company’s stock worth $3,592,000 after acquiring an additional 13,187 shares during the period. Jane Street Group LLC raised its holdings in Leggett & Platt by 36.3% in the 1st quarter. Jane Street Group LLC now owns 1,175,452 shares of the company’s stock worth $9,298,000 after acquiring an additional 312,840 shares during the period. Finally, Acadian Asset Management LLC lifted its position in shares of Leggett & Platt by 113.5% during the 1st quarter. Acadian Asset Management LLC now owns 109,638 shares of the company’s stock worth $866,000 after purchasing an additional 58,292 shares during the last quarter. 64.23% of the stock is owned by institutional investors and hedge funds.

Leggett & Platt Stock Performance Shares of LEG stock opened at $9.61 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.45 and a current ratio of 2.35. The company has a market capitalization of $1.31 billion, a P/E ratio of 6.16 and a beta of 0.73. The company’s 50 day moving average price is $10.76 and its two-hundred day moving average price is $10.87. Leggett & Platt, Incorporated has a 52 week low of $8.32 and a 52 week high of $13.00.

Leggett & Platt (NYSE:LEG – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.13. The business had revenue of $999.70 million for the quarter, compared to analyst estimates of $982.86 million. Leggett & Platt had a net margin of 5.64% and a return on equity of 13.31%. The firm’s revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 earnings per share. On average, analysts expect that Leggett & Platt, Incorporated will post 0.9 earnings per share for the current fiscal year.

Leggett & Platt Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Monday, August 10th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Monday, August 10th. Leggett & Platt’s dividend payout ratio is 12.42%.

Analyst Ratings Changes Several analysts have issued reports on LEG shares. Weiss Ratings lowered shares of Leggett & Platt from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, July 29th. Truist Financial decreased their target price on Leggett & Platt from $13.00 to $11.00 and set a “hold” rating on the stock in a research report on Friday, May 8th. Finally, Zacks Research upgraded Leggett & Platt from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. Five analysts have rated the stock with a Hold rating, According to MarketBeat.com, Leggett & Platt has a consensus rating of “Hold” and a consensus price target of $11.33.

Read Our Latest Stock Analysis on Leggett & Platt

Leggett & Platt Company Profile (Free Report)

Leggett & Platt, Inc is a diversified manufacturer specializing in the design, engineering and production of a wide range of engineered components and products. The company’s offerings span several end markets, including residential bedding, commercial and residential furniture, automotive seating and interiors, aerospace applications and industrial products. By integrating product design with proprietary manufacturing processes, Leggett & Platt serves as a key supplier to both original equipment manufacturers and aftermarket distributors.

The company’s core product lines include coil springs and support systems for mattresses and furniture, adjustable bed mechanisms, engineered components such as extruded and formed metal products, and specialty foam and bedding products.

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2Q sales of $1.0 billion, a 6% decrease vs 2Q25, including a 5% decrease from divestitures 2Q EPS of $.33, 2Q adjusted1 EPS of $.39, a $.09 increase vs adjusted1 2Q25 EPS President and CEO Karl Glassman commented, "We are pleased with how our teams managed through a challenging environment in the second quarter. Our employees remained focused on disciplined execution and cost management which, along with favorable items that we do not expect to repeat in future quarters, contributed to improved adjusted earnings.

"Bedding industry conditions remain challenged both by sluggish consumer activity and continued consolidations and bankruptcies across the value chain. We estimate that U.S. mattress market units declined by low double digits in the second quarter, similar to the declines we saw in the first quarter. In our Bedding Products segment, continued strong performance of our trade rod and wire business partially offset the decline from lower mattress demand.

"Across our other segments, demand remained soft in markets tied to housing and broader consumer spending as consumers were faced with additional uncertainty resulting from the war in the Middle East and higher gas prices. In Specialized Products, Automotive performed slightly below the market, which saw lower consumer demand across all regions. In Furniture, Flooring & Textile Products, growth in Textiles offset lower demand in the remaining businesses, which are more directly exposed to U.S. residential spending, leading to a slight improvement in trade sales.

"As we look forward, we remain focused on executing our strategic priorities while expecting ongoing macroeconomic headwinds to temper consumer demand across most of our businesses for the remainder of the year.  

"Finally, we continue to progress towards the planned merger with Somnigroup. As previously announced, the waiting period under the HSR Antitrust Improvements Act expired in June. We anticipate the transaction to close upon satisfaction of the remaining closing conditions, including Leggett & Platt shareholder approval at the special meeting planned for August 20th and the remaining required regulatory approvals. As previously stated, we believe this combination with a valued long–standing customer will create a leading global company - providing compelling strategic and financial value for our customers, employees, and the Leggett & Platt shareholders."

SECOND QUARTER RESULTS
Second quarter sales were $1.0 billion, a 6% decrease versus second quarter last year

2025 divestitures decreased sales 5% Organic sales2 were down 1% Volume was down 4%, primarily from continued weak demand across most of our end markets, retailer merchandising changes in Adjustable Bed, and the decision during the fourth quarter of 2025 to walk away from a financially challenged customer in U.S. Spring Raw material-related selling price increases added 2% to sales Currency benefit increased sales 1% Second quarter EBIT was $80 million, down from $90 million in second quarter 2025. Adjusted1 EBIT was $89 million, up from second quarter 2025 adjusted1 EBIT of $76 million.

Adjusted1 EBIT increased primarily from metal margin expansion, restructuring benefit, and other favorable items, most of which are not expected to repeat in future quarters.  EBIT margin was 8.0%, down from 8.5% in the second quarter of 2025, and adjusted1 EBIT margin was 8.9%, up from 7.1%. Second quarter EPS was $.33, a $.05 decrease versus second quarter 2025 EPS of $.38. Second quarter adjusted1 EPS was $.39, up $.09 versus second quarter 2025 adjusted1 EPS of $.30.

Second Quarter Results 1

EBIT (millions) 

EPS

Bedding

Specialized

FF&T

Other

Total

2Q26

2Q25

2Q26

2Q25

2Q26

2Q25

2Q26

2Q25

2Q26

2Q25

2Q26

2Q25

Reported results

$42

$27

$19

$39

$29

$24

$(10)

$—

$80

$90

$.33

$.38

Adjustment items:

Gain on sale of real estate

(11)

(17)

—

(2)

—

—

—

—

(11)

(19)

(.06)

(.10)

Restructuring, restructuring-related, and impairment charges

6

2

3

1

1

1

—

—

10

4

.05

.02

Somnigroup merger costs

—

—

—

—

—

—

10

—

10

—

.07

—

Total adjustments

(5)

(15)

3

(1)

1

1

10

—

9

(15)

.06

(.08)

Adjusted results

$37

$13

$22

$38

$30

$25

$—

$—

$89

$76

$.39

$.30

1 Calculations impacted by rounding 

DEBT AND CASH FLOW

Net Debt1 was 2.6x trailing 12-month adjusted EBITDA1 Total Debt at June 30 was $1.5 billion in three tranches of long-term bonds at $500 million each Operating cash flow was $46 million in the second quarter, a decrease of $38 million versus second quarter 2025, reflecting an expected larger investment in working capital and lower earnings Capital expenditures were $21 million Dividends were $7 million In May, Leggett & Platt's Board of Directors declared a second quarter dividend of $.05 per share, flat versus last year's second quarter dividend In July, Leggett & Platt's Board of Directors declared a third quarter dividend of $.05 per share, flat versus last year's third quarter dividend. The dividend will be paid on August 24, 2026. SEGMENT RESULTS – Second Quarter 2026 (versus 2Q 2025)

Bedding Products –

Trade sales decreased 1% Volume decreased 7%, primarily due to retailer merchandising changes and lower volume with a certain customer in Adjustable Bed, demand softness in U.S. and European bedding markets, and the decision during the fourth quarter of 2025 to walk away from a financially challenged customer in U.S. Spring. These declines were partially offset by higher trade rod and wire sales. Raw material-related selling price increases and currency benefit added 6% to sales EBIT increased $15 million and adjusted1 EBIT increased $24 million Adjusted1 EBIT increased primarily from metal margin expansion, favorable sales mix, temporary price-cost timing benefit in Specialty Foam, and restructuring benefit. These increases were partially offset by lower volume. We believe U.S. mattress market units were down low double digits in the second quarter Specialized Products –

Trade sales decreased 19% 2025 divestiture of Aerospace reduced sales 16% Volume decreased 4% from softer market demand Currency benefit increased sales 1% EBIT decreased $20 million and adjusted1 EBIT decreased $15 million Adjusted1 EBIT decreased primarily from earnings associated with the divested Aerospace business, currency impact, and lower volume Automotive volume was slightly below major market production in the quarter, driven by underperformance in Asia partially offset by outperformance in Europe and North America Furniture, Flooring & Textile Products –

Trade sales increased 1% Volume was flat with growth in Textiles offset by declines in Home Furniture, Work Furniture, and Flooring Raw material-related selling price increases added 1% to sales 2025 divestiture of a small facility in Work Furniture reduced sales <1% EBIT and adjusted1 EBIT increased $5 million Adjusted1 EBIT benefited from refunds of IEEPA tariffs that were paid during the eleven-month period they were in force. During that period, competitive pressures led to margin compression as cost increases, including tariffs, were not fully recovered through increased selling prices. 2026 GUIDANCE AND CONFERENCE CALL
On April 13, 2026, the Company entered into an agreement to be acquired by Somnigroup International Inc. (NYSE: SGI). The transaction is anticipated to close upon satisfaction of the remaining closing conditions, including Leggett & Platt shareholder approval at the August 20, 2026 meeting and remaining required regulatory approvals. As is customary while a transaction is pending, Leggett & Platt's 2026 guidance issued in February was withdrawn last quarter and should no longer be relied upon. Additionally, Leggett & Platt will not host a conference call. For further details on quarterly performance, please refer to Leggett & Platt's Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, which is expected to be filed today with the Securities and Exchange Commission.

__________________________

1 Please refer to attached tables for Non-GAAP Reconciliations

2 Trade sales excluding acquisitions/divestitures in the last 12 months

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
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.

FORWARD-LOOKING STATEMENTS: This press release contains "forward-looking statements," identified by words such as "expect," "anticipate," "estimate," "believe," or by the context in which they appear, including, but not limited to, the anticipated closing of the Somnigroup transaction upon satisfaction of the remaining closing conditions, including Leggett & Platt shareholder approval at the August 20, 2026 meeting and required regulatory approvals, the filing date of the Company's Form 10-Q as well as the delivery of compelling strategic and financial value for customers, employees and shareholders associated with the Somnigroup Merger, and certain favorable items not expected to improve adjusted earnings in future quarters. Such statements are expressly qualified by cautionary statements described in this provision and reflect only the beliefs, expectations, and assumptions of Leggett at the time the statement is made. Because all forward-looking statements deal with the future, they are subject to risks, uncertainties and developments which might cause actual events or results to differ materially from those envisioned or reflected in any forward-looking statement. Moreover, we do not have, and do not undertake, any duty to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement was made, whether as a result of new information, future events or otherwise, except as required by law. Some of these risks include: risks associated with the Agreement and Plan of Merger, dated April 13, 2026 (as may be amended from time to time, the "Somnigroup Merger Agreement"), by and among Somnigroup International Inc. ("Somnigroup"), Sparrow Unity Corporation, a Missouri corporation and a direct, wholly owned subsidiary of Somnigroup ("Merger Sub") and Leggett, pursuant to which, subject to the terms and conditions of the Somnigroup Merger Agreement, Merger Sub will merge with and into Leggett (the "Somnigroup Merger"), with Leggett surviving the Somnigroup Merger as a direct, wholly owned subsidiary of Somnigroup, including (i) Leggett's shareholders inability to determine the value of consideration to be received in a completed Somnigroup Merger because the exchange ratio is fixed and the market price of Somnigroup common stock will fluctuate; (ii) the completion of the Somnigroup Merger is subject to certain conditions that may not be satisfied or waived, including Leggett shareholder approval and certain governmental and regulatory approvals; (iii) an event, change or other circumstance could give rise to delays in completing the Somnigroup Merger or the termination of the Somnigroup Merger Agreement; (iv) Leggett's business relationships (including with Somnigroup and its affiliates) may be subject to disruption due to uncertainty associated with the Somnigroup Merger; (v) the diversion of management time from ongoing business operations and opportunities as a result of the Somnigroup Merger; (vi) failure to complete the Somnigroup Merger could negatively impact the share price and the future business and financial results of Leggett; (vii) litigation against the Company could result in substantial costs, an injunction preventing the completion of the Somnigroup Merger and/or a judgment resulting in the payment of damages; (viii) the Company will incur significant transaction and merger-related costs in connection with the Somnigroup Merger; and (ix) the possibility that the expected benefits of the Somnigroup Merger are not realized when expected or at all. In addition, risks include: impacts of the Iranian war; increased trade costs, including tariffs; regarding the 2024 and 2026 Restructuring Plans,  our ability to timely receive anticipated EBIT benefits, and  expected net cash from real estate sales; 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; the demand for our products and our customers' products; our manufacturing facilities' ability to obtain necessary raw materials, parts, and labor, and to ship finished products; the impairment of goodwill and long-lived assets; our ability to access the commercial paper market or borrow under our credit facility; supply chain shortages and disruptions; our ability to manage working capital; our ability to collect receivables; price and product competition; cost of raw materials, labor and energy; cash generation sufficient to pay our debts or the dividend; cash repatriation from foreign accounts; our ability to pass along cost increases through increased selling prices; conflict between China and Taiwan; our ability to maintain profit margins if customers change the quantity or mix of our products; political risks; tax audits and rates; foreign operating risks; cybersecurity incidents; customer losses and insolvencies; disruption to our steel rod mill and wire mills and other operations because of severe weather-related events, natural disaster, fire, explosion, terrorism, or governmental action; ability to develop innovative products; foreign currency fluctuation; anti-dumping duties on innersprings, steel wire rod and mattresses; data privacy; sustainability obligations; litigation risks; and risk factors in the "Forward-Looking Statements" and "Risk Factors" sections in Leggett's Form 10-K and subsequent Form 10-Qs. There may be other factors that may cause Leggett's actual results to differ materially from the forward-looking statements.

INVESTOR CONTACT: Investor Relations
Ryan M. Kleiboeker, Executive Vice President
(417) 358-8131 or [email protected] 

LEGGETT & PLATT

Page 5 of 7

August 6, 2026

RESULTS OF OPERATIONS 

SECOND QUARTER

YEAR TO DATE

(In millions, except per share data)

2026

2025

Change

2026

2025

Change

Trade sales 

$     999.7

$  1,058.0

(6) %

$  1,917.9

$  2,080.1

(8) %

Cost of goods sold

796.5

865.4

1,544.0

1,697.5

   Gross profit 

203.2

192.6

6 %

373.9

382.6

(2) %

Selling & administrative expenses 

119.8

118.4

1 %

241.3

242.0

— %

Amortization

3.1

3.6

6.7

8.6

Other (income) expense, net

0.2

(19.8)

1.3

(21.3)

Earnings before interest and income taxes

80.1

90.4

(11) %

124.6

153.3

(19) %

Net interest expense

11.7

18.7

24.3

36.5

Earnings before income taxes

68.4

71.7

100.3

116.8

Income taxes 

21.3

19.2

33.2

33.7

Net earnings

47.1

52.5

67.1

83.1

Less net income from noncontrolling interest

—

—

—

—

   Net Earnings (loss) Attributable to L&P

$       47.1

$       52.5

(10) %

$       67.1

$       83.1

(19) %

Earnings (loss) per diluted share 

Net earnings (loss) per diluted share

$       0.33

$       0.38

(13) %

$       0.47

$       0.60

(22) %

Shares outstanding

   Common stock (at end of period)

136.6

135.3

1.0 %

136.6

135.3

1.0 %

   Basic (average for period)

140.0

138.5

139.6

138.2

   Diluted (average for period)

141.6

139.6

1.4 %

141.3

139.1

1.6 %

CASH FLOW 

SECOND QUARTER

YEAR TO DATE

(In millions)

2026

2025

Change

2026

2025

Change

Net earnings

$       47.1

$       52.5

$       67.1

$       83.1

Depreciation and amortization

28.5

29.7

56.7

61.3

Working capital decrease (increase)

(28.3)

16.4

(146.5)

(47.8)

Impairments

0.2

0.9

3.0

1.2

Deferred income tax benefit (expense)

1.1

(3.2)

5.5

(1.6)

Other operating activities

(2.8)

(12.3)

3.9

(5.4)

   Net Cash from Operating Activities

$       45.8

$       84.0

(45) %

$      (10.3)

$       90.8

(111) %

Additions to PP&E

(20.5)

(8.5)

(44.8)

(21.8)

Proceeds from disposals of assets and businesses

12.6

23.5

26.9

29.1

Dividends paid

(6.8)

(6.8)

(13.6)

(13.5)

Repurchase of common stock, net

(0.3)

(0.3)

(3.7)

(2.3)

Additions to (payments of) debt, net

1.1

(146.4)

1.4

(77.4)

Other

3.4

10.7

2.5

13.7

   Increase (Decrease) in Cash & Equivalents

$       35.3

$      (43.8)

$      (41.6)

$       18.6

BALANCE SHEET

Jun 30,

Dec 31,

(In millions)

2026

2025

Change

Cash and equivalents 

$     545.8

$     587.4

Receivables 

568.4

475.9

Inventories 

638.3

622.6

Other current assets 

78.8

57.7

   Total current assets 

1,831.3

1,743.6

5 %

Net fixed assets 

646.9

664.0

Operating lease right-of-use assets

130.9

137.9

Goodwill

745.1

751.4

Intangible assets and deferred costs, both at net

248.6

239.5

   TOTAL ASSETS

$  3,602.8

$  3,536.4

2 %

Trade accounts payable

$     475.5

$     466.6

Current debt maturities 

1.5

1.5

Current operating lease liabilities

48.5

51.5

Other current liabilities 

253.8

255.4

   Total current liabilities 

779.3

775.0

1 %

Long-term debt

1,496.8

1,496.2

— %

Operating lease liabilities

100.3

106.7

Deferred taxes and other liabilities 

144.2

135.9

Equity

1,082.2

1,022.6

6 %

   Total Capitalization 

2,823.5

2,761.4

2 %

   TOTAL LIABILITIES & EQUITY

$  3,602.8

$  3,536.4

2 %

LEGGETT & PLATT

Page 6 of 7

August 6, 2026

SEGMENT RESULTS 1

SECOND QUARTER

YEAR TO DATE

(In millions)

2026

2025

Change

2026

2025

Change

Bedding Products

Trade sales

$     386.9

$     391.4

(1) %

$     751.8

$     782.1

(4) %

EBIT

42.1

27.2

55 %

67.8

36.8

84 %

EBIT margin

10.9 %

6.9 %

400 bps

2

9.0 %

4.7 %

430 bps2

Restructuring, restructuring-related, and impairment charges

6.0

2.1

10.7

5.5

Gain on sale of real estate

(11.5)

(16.7)

(21.0)

(16.7)

Adjusted EBIT 3

36.6

12.6

190 %

57.5

25.6

125 %

Adjusted EBIT margin 3

9.5 %

3.2 %

 630 bps 

7.6 %

3.3 %

 430 bps 

Depreciation and amortization

13.4

13.3

25.8

26.3

Adjusted EBITDA

50.0

25.9

93 %

83.3

51.9

61 %

Adjusted EBITDA margin

12.9 %

6.6 %

 630 bps 

11.1 %

6.6 %

 450 bps 

Specialized Products

Trade sales

$     247.0

$     304.1

(19) %

$     491.1

$     604.2

(19) %

EBIT

19.2

38.7

(50) %

36.9

67.1

(45) %

EBIT margin

7.8 %

12.7 %

(490) bps

7.5 %

11.1 %

(360) bps

Restructuring, restructuring-related, and impairment charges

3.3

0.6

3.3

4.0

Gain on sale of real estate

—

(1.7)

—

(1.7)

Adjusted EBIT 3

22.5

37.6

(40) %

40.2

69.4

(42) %

Adjusted EBIT margin 3

9.1 %

12.4 %

 (330) bps 

8.2 %

11.5 %

 (330) bps 

Depreciation and amortization

8.5

8.2

16.6

18.6

Adjusted EBITDA

31.0

45.8

(32) %

56.8

88.0

(35) %

Adjusted EBITDA margin

12.6 %

15.1 %

 (250) bps 

11.6 %

14.6 %

 (300) bps 

Furniture, Flooring & Textile Products

Trade sales

$     365.8

$     362.5

1 %

$     675.0

$     693.8

(3) %

EBIT

28.9

24.4

18 %

33.3

49.2

(32) %

EBIT margin

7.9 %

6.7 %

120 bps

4.9 %

7.1 %

(220) bps

Restructuring, restructuring-related, and impairment charges

1.0

0.9

1.2

1.0

Gain on sale of real estate

—

—

—

(3.2)

Adjusted EBIT 3

29.9

25.3

18 %

34.5

47.0

(27) %

Adjusted EBIT margin 3

8.2 %

7.0 %

 120 bps 

5.1 %

6.8 %

 (170) bps 

Depreciation and amortization

3.7

4.6

8.0

9.5

Adjusted EBITDA

33.6

29.9

12 %

42.5

56.5

(25) %

Adjusted EBITDA margin

9.2 %

8.2 %

 100 bps 

6.3 %

8.1 %

 (180) bps 

Total Company

Trade sales

$     999.7

$  1,058.0

(6) %

$  1,917.9

$  2,080.1

(8) %

EBIT - segments

90.2

90.3

— %

138.0

153.1

(10) %

Intersegment eliminations and other

(10.1)

0.1

(13.4)

0.2

EBIT

80.1

90.4

(11) %

124.6

153.3

(19) %

EBIT margin

8.0 %

8.5 %

(50) bps

6.5 %

7.4 %

(90) bps

Restructuring, restructuring-related, and impairment charges

10.3

3.6

15.2

10.5

Gain on sale of real estate

(11.5)

(18.4)

(21.0)

(21.6)

Somnigroup merger costs

10.1

—

13.6

—

Adjusted EBIT 3

89.0

75.6

18 %

132.4

142.2

(7) %

Adjusted EBIT margin 3

8.9 %

7.1 %

 180 bps 

6.9 %

6.8 %

 10 bps 

Depreciation and amortization - segments

25.6

26.1

50.4

54.4

Depreciation and amortization - unallocated 4

2.9

3.6

6.3

6.9

Adjusted EBITDA

$     117.5

$     105.3

12 %

$     189.1

$     203.5

(7) %

Adjusted EBITDA margin

11.8 %

10.0 %

 180 bps 

9.9 %

9.8 %

 10 bps 

LAST SIX QUARTERS 

2025

2026

Selected Figures                                                                                               (In millions)

1Q

2Q

3Q

4Q

1Q

2Q

Trade sales

1,022.1

1,058.0

1,036.4

938.6

918.2

999.7

Sales growth (vs. prior year)

(7) %

(6) %

(6) %

(11) %

(10) %

(6) %

Volume growth (same locations vs. prior year)

(5) %

(7) %

(6) %

(9) %

(9) %

(4) %

Adjusted EBIT 3

66.6

75.6

72.8

47.9

43.4

89.0

Cash from operations

6.8

84.0

125.9

121.5

(56.1)

45.8

Adjusted EBITDA (trailing twelve months) 3

404.1

405.6

395.4

385.3

358.7

370.9

(Long-term debt + current maturities - cash and equivalents) / adj. EBITDA 3,5

3.77

3.51

2.62

2.36

2.75

2.57

Organic Sales (Vs. Prior Year) 6

1Q

2Q

3Q

4Q

1Q

2Q

Bedding Products

(12) %

(10) %

(9) %

(10) %

(6) %

(1) %

Specialized Products

(5) %

(5) %

(2) %

(4) %

(2) %

(3) %

Furniture, Flooring & Textile Products

(1) %

(2) %

— %

(2) %

(6) %

1 %

     Overall 

(7) %

(6) %

(4) %

(6) %

(5) %

(1) %

1 Segment and overall company margins calculated on net trade sales.

2 bps = basis points; a unit of measure equal to 1/100th of 1%.

3 Refer to next page for non-GAAP reconciliations.

4 Consists primarily of depreciation of non-operating assets.

5 EBITDA based on trailing twelve months. 

6 Trade sales excluding sales attributable to acquisitions and divestitures consummated in the last 12 months.

LEGGETT & PLATT

Page 7 of 7

August 6, 2026

RECONCILIATION OF REPORTED (GAAP) TO ADJUSTED (Non-GAAP) FINANCIAL MEASURES 10

Non-GAAP Adjustments 7

2025

2026

(In millions, except per share data)

1Q

2Q

3Q

4Q

1Q

2Q

Gain on sale of Aerospace Products Group

—

—

(86.8)

(4.1)

—

—

Restructuring, restructuring-related, and impairment charges

6.9

3.6

4.1

21.6

4.9

10.3

Gain on sale of real estate

(3.2)

(18.4)

(2.5)

(5.0)

(9.5)

(11.5)

Net gain from insurance proceeds

—

—

(13.1)

(21.6)

—

—

Pension settlement

—

—

—

22.0

—

—

Somnigroup merger costs

—

—

—

3.4

3.5

10.1

Non-GAAP Adjustments (Pretax) 8

3.7

(14.8)

(98.3)

16.3

(1.1)

8.9

Income tax impact

(1.3)

3.6

9.0

(10.0)

1.9

0.1

Special tax item  9

—

—

2.3

—

—

—

Non-GAAP Adjustments (After Tax)

2.4

(11.2)

(87.0)

6.3

0.8

9.0

Diluted shares outstanding

138.6

139.6

140.2

140.4

141.0

141.6

EPS Impact of Non-GAAP Adjustments

0.02

(0.08)

(0.62)

0.04

0.01

0.06

Adjusted EBIT, EBITDA, Margin, and EPS 7

2025

2026

(In millions, except per share data)

1Q

2Q

3Q

4Q

1Q

2Q

Trade sales

1,022.1

1,058.0

1,036.4

938.6

918.2

999.7

EBIT (earnings before interest and taxes)

62.9

90.4

171.1

31.6

44.5

80.1

Non-GAAP adjustments (pretax)

3.7

(14.8)

(98.3)

16.3

(1.1)

8.9

Adjusted EBIT

66.6

75.6

72.8

47.9

43.4

89.0

EBIT margin

6.2 %

8.5 %

16.5 %

3.4 %

4.8 %

8.0 %

Adjusted EBIT Margin

6.5 %

7.1 %

7.0 %

5.1 %

4.7 %

8.9 %

EBIT

62.9

90.4

171.1

31.6

44.5

80.1

Depreciation and amortization

31.6

29.7

29.4

31.7

28.2

28.5

EBITDA

94.5

120.1

200.5

63.3

72.7

108.6

Non-GAAP adjustments (pretax)

3.7

(14.8)

(98.3)

16.3

(1.1)

8.9

Adjusted EBITDA

98.2

105.3

102.2

79.6

71.6

117.5

EBITDA margin

9.2 %

11.4 %

19.3 %

6.7 %

7.9 %

10.9 %

Adjusted EBITDA Margin

9.6 %

10.0 %

9.9 %

8.5 %

7.8 %

11.8 %

Diluted EPS

0.22

0.38

0.91

0.18

0.14

0.33

EPS impact of non-GAAP adjustments

0.02

(0.08)

(0.62)

0.04

0.01

0.06

Adjusted EPS

0.24

0.30

0.29

0.22

0.15

0.39

Net Debt to Adjusted EBITDA 11

2025

2026

(In millions, except ratios)

1Q

2Q

3Q

4Q

1Q

2Q

Total debt

1,936.4

1,793.5

1,497.2

1,497.7

1,498.2

1,498.3

Less: cash and equivalents

(412.6)

(368.8)

(460.7)

(587.4)

(510.5)

(545.8)

Net debt

1,523.8

1,424.7

1,036.5

910.3

987.7

952.5

Adjusted EBITDA, trailing 12 months

404.1

405.6

395.4

385.3

358.7

370.9

Net Debt / 12-month Adjusted EBITDA

3.77

3.51

2.62

2.36

2.75

2.57

Aerospace Products Group

2025

2026

(In millions)

1Q

2Q

3Q

4Q

1Q

2Q

Net trade sales

53.0

50.6

28.6

—

—

—

EBIT

7.2

9.3

3.2

—

—

—

Depreciation and amortization

2.5

—

—

—

—

—

Net earnings (assuming a 25% tax rate)

5.4

7.0

2.4

—

—

—

7 Management and investors use these measures as supplemental information to assess operational performance.

8 The non-GAAP adjustments are included in the following lines of the income statement:

2025

2026

1Q

2Q

3Q

4Q

1Q

2Q

Cost of goods sold

0.5

—

1.7

1.4

1.2

3.4

Selling & administrative expenses 

1.7

—

—

3.6

3.5

—

Other (income) expense, net

1.5

(14.8)

(100.0)

11.3

(5.8)

5.5

Total Non-GAAP Adjustments (Pretax)

3.7

(14.8)

(98.3)

16.3

(1.1)

8.9

9 The special tax item of $2.3 in Q3 2025 is related to U.S. corporate income tax law changes.

10 Calculations impacted by rounding.

11 Management and investors use this ratio as supplemental information to assess ability to pay off debt.  These ratios are calculated differently than the Company's credit
    facility covenant ratio.

SOURCE Leggett & Platt Incorporated

Legget & Platt (LEG - Free Report) reported $999.7 million in revenue for the quarter ended June 2026, representing a year-over-year decline of 5.5%. EPS of $0.39 for the same period compares to $0.30 a year ago.

The reported revenue represents a surprise of +1.55% over the Zacks Consensus Estimate of $984.45 million. With the consensus EPS estimate being $0.29, the EPS surprise was +34.48%.

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.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

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:

Change in Organic Sales - Bedding Products: -1% versus the three-analyst average estimate of -3.6%.Change in Organic Sales - Specialized Products: -3% compared to the -1.7% average estimate based on three analysts.Change in Organic Sales - Furniture, Flooring and Textile Products: 1% compared to the -1.6% average estimate based on three analysts.Trade sales- Furniture, Flooring and Textile Products: $365.8 million versus the three-analyst average estimate of $356.22 million. The reported number represents a year-over-year change of +0.9%.Trade sales- Specialized Products: $247 million versus $251.9 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -18.8% change.Trade sales- Bedding Products: $386.9 million versus the three-analyst average estimate of $376.32 million. The reported number represents a year-over-year change of -1.2%.EBIT- Bedding Products: $42.1 million compared to the $26.49 million average estimate based on two analysts.EBIT- Intersegment eliminations and other: $-10.1 million versus $-3 million estimated by two analysts on average.EBIT- Furniture, Flooring and Textile Products: $28.9 million compared to the $19 million average estimate based on two analysts.EBIT- Specialized Products: $19.2 million versus the two-analyst average estimate of $25.12 million.View all Key Company Metrics for Legget & Platt here>>>

Shares of Legget & Platt have returned -7.7% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

CARTHAGE, Mo., July 30, 2026 /PRNewswire/ -- Leggett & Platt's Board of Directors declared a dividend of $.05 per share for the third quarter of 2026. The dividend will be paid on August 24, 2026 to shareholders of record on August 10, 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.

CONTACT:

Investor Relations, (417) 358-8131 or [email protected]

Ryan M. Kleiboeker, Executive Vice President

SOURCE Leggett & Platt Incorporated

In August 2024, Gabriel Holding A/S announced that, as a result of an adjusted growth strategy with an increased focus on the development of the Group’s global textile business, it would initiate a full or partial divestment of the Group’s furniture manufacturing operations, the “FurnMaster business”.

FurnMaster has a leading position in the market and in Europe consists of two companies located in Poland and Lithuania respectively as well as a dedicated department in Gabriel A/S in Aalborg, Denmark.

The transaction agreement entails that a wholly owned subsidiary of Leggett & Platt, Incorporated acquires the shares in the two subsidiaries, UAB FurnMaster (Lithuania) and FurnMaster Sp. z o.o. (Poland), and will assume responsibility for the employees, assets and liabilities of the dedicated FurnMaster division within Gabriel A/S.

The Group’s Mexican FurnMaster business is not included in the transaction and will continue to be offered for sale.

The initial purchase price (Enterprise Value) has been agreed at DKK 67.3 million (approximately EUR 9 million). In addition, there is the possibility of a conditional deferred cash payment of up to DKK 7.5 million (approximately EUR 1 million).

The transaction remains subject to customary closing conditions.

Management has prioritised finding a qualified buyer who recognises FurnMaster’s strong market position and possesses the necessary capabilities and platform to further develop the business, while at the same time achieving a transaction value that positively impacts the Group’s financial position.

Management believes that the agreement fully satisfies these objectives, as the transaction both enables the continuing business to maintain its desired strategic focus on the development of the Group’s global textile operations and significantly strengthens the Group’s balance sheet through the cash proceeds from the sale.

With locations in North America, Europe and Asia, Legett and Platt’s Work Furniture business is a leading supplier of components and finished furniture to leading furniture brands. Through its strong global platform, including ownership of Trio Line in Poland, which it has successfully operated for a number of years, Leggett & Platt possesses the organisational structure and competencies required to support FurnMaster’s continued development. Consequently, management is highly satisfied that Leggett & Platt has become the new owner of the business.

For further information regarding the transaction, please contact CEO Anders Hedegaard Petersen, [email protected]
or telephone: +45 96 30 31 17.

Further Information:

Gabriel Holding A/S has been advised throughout the transaction by Deloitte Corporate Finance and DLA Piper.

About Leggett & Platt:

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.

For further information, please visit www.legget.com

This is a translation of the original Danish text. In the event of discrepancies between the Danish and English texts, the Danish version shall prevail.

Gabriel Holding AS - Announcement no 18_Gabriel agrees to sell its European FurnMaster business to Leggett & Platt

DETROIT, MI / ACCESS Newswire / June 22, 2026 / Leggett Dynamics today launched its Mid-Class Massage System (MCM), a breakthrough non-electronic innovation that makes premium massage more accessible beyond the luxury vehicle segment. Now in production with a global OEM, MCM was also shortlisted for the 2026 Auto Tech Partnership Award for industry-leading innovation and collaboration.

Breakthrough by Design

MCM creates a distinctive massage experience with a compact 30 x 35 mm module that uses the Coandă effect, an air jet's natural tendency to follow a curved surface. With no electronics or moving parts, it reduces complexity and cost, making a premium experience accessible to more vehicle segments and consumers.

Balancing Innovation, Speed and Cost

"Automakers must balance innovation, speed and cost while consumers expect more personalized, affordable, premium experiences," said Julien Rea, VP of Global Innovation & Engineering at Leggett Dynamics. "Leggett Dynamics' Mid-Class Massage System redefines what's possible with a breakthrough approach that simplifies design, enables plug-and-play integration and makes premium comfort accessible to more vehicles beyond the luxury segment."

As part of its Innovation Services, Leggett Dynamics generated early OEM interest with an advanced concept and launched a co-development program to validate technical feasibility, optimize performance, and align cost targets with market expectations.

Accelerating Concept to Production

MCM's rapid transition from concept to production was enabled by early collaboration and its stand-alone, non-electronic design. Unlike conventional systems, MCM can be integrated as an "island solution" in vehicle updates without requiring time-consuming and costly electronic revalidation. This helps OEMs quickly and easily add comfort content, even on platforms not originally designed with complex electronic architectures.

Recognition for Innovation and Partnership

MCM was shortlisted for the 2026 Automotive Tech Partnership Award, reflecting recognition for both breakthrough innovation and the power of close OEM collaboration. MCM is also under consideration for additional industry awards to be announced later this year.

"Helping automakers balance cutting-edge innovation, speed, and cost is exactly why early co-development matters. When collaboration starts early, we can better align advanced concepts with cost targets and launch timing to bring differentiated user experiences to market faster and help OEMs compete more effectively," said Rea.

Leggett Dynamics showcased MCM last week at the Automotive Engineering Expo in Nagoya, Japan) and will feature this and other innovations at the Automotive Interiors Expo Europe in Stuttgart, Germany (June 23-25, Booth #3216).

About Leggett Dynamics
Leggett Dynamics is the brand representing the automotive businesses of Leggett & Platt, Incorporated. Under the Leggett Dynamics brand, these businesses deliver eMotion and Comfort solutions for automotive seating, liftgates, doors, sunroofs, and more. Leggett Dynamics businesses operate globally, with a footprint spanning 28 locations across 12 countries, and employing more than 6,200 people, with key locations in Detroit, Nuremberg, and Shanghai. As a strategic partner to more than 140 customers worldwide, Leggett Dynamics offers a Comfort Systems Platform (massage, lumbar, bolster and suspension), Motion Systems Platform (motors, actuators and cables), Software & Integration Platform, and Innovation Services, including advanced engineering co-development and human factors studies. Leggett Dynamics is a brand within Leggett & Platt, Inc. (NYSE:LEG), a manufacturer of residential, industrial, and furniture products that has been engineering comfort for over 140 years across the places where people sleep, work, live, and move.

Link to Press Kit: MCM Launch

Media Contact:

Dawn K. Looney, APR
VP of Global Branding, Marketing & Communications
Leggett Dynamics
Email: [email protected]
Phone: +1.248.980.1248

Liwen Tao
Manager of AP Branding, Marketing & Communications
Leggett Dynamics
Email: [email protected]

SOURCE: Leggett & Platt

Somnigroup said the deal would continue its vertical integration strategy, enabling closer collaboration between component engineering and mattress design.

U.S. stocks were mixed, with the Dow Jones index falling over 200 points on Monday.

Shares of Leggett & Platt Inc (NYSE:LEG) rose sharply after the company announced it will be acquired by Somnigroup.

Diversified manufacturer Somnigroup International will acquire Leggett & Platt in an all-stock deal valued at approximately $2.5 billion, the companies announced.

Leggett & Platt shares jumped 12.5% to $11.24 on Monday.

Here are some other big stocks recording gains in today’s session.

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Somnigroup International to Acquire Leggett & Platt in $2.5 Billion All-Stock Deal

Somnigroup International SGI is seeing a modest increase in its stock price following the announcement of its acquisition of Leggett & Platt LEG , valued at approximately $2.5 billion. This all-stock transaction aligns with SGI's vertical integration strategy and aims to broaden its market presence in both bedding and non-bedding categories. The deal is projected to enhance earnings per share (EPS) immediately while creating significant synergies.

LEG shareholders will receive 0.1455 shares of SGI common stock for each LEG share owned, resulting in them holding about 9% of the combined entity on a fully diluted basis. SGI operates through Tempur Sealy, Mattress Firm, and Dreams, and the acquisition of LEG will provide a vital supply partner with engineered components, particularly in bedding, while expanding into adjacent markets. The merger is expected to yield approximately $50 million in annual run-rate adjusted EBITDA synergies, primarily through enhanced sourcing, operations, and product innovation. SGI anticipates realizing around $10 million of these benefits within the first year post-acquisition, with the full synergy potential being achieved over three years. This acquisition reinforces SGI's vertical integration strategy by incorporating a long-time supplier, which could enhance coordination among component engineering, mattress design, and consumer trends. On a pro forma basis, the combined entity is projected to generate approximately $11.2 billion in sales for 2025, with adjusted EBITDA of $1.7 billion and operating cash flow of $1.1 billion. SGI alone reported $7.48 billion in sales for FY25, reflecting a 51.6% year-over-year increase. Historically, this is not the first attempt by SGI to acquire LEG; an earlier proposal for an all-stock deal valued at $12 per share was made in December 2025 but did not result in a transaction. The strategic rationale remains consistent, as integrating a long-time supplier into SGI's operations should enhance coordination across various functions. While the expectation of immediate adjusted EPS accretion and substantial annual synergies likely contributed to the positive movement in SGI shares, there are concerns regarding execution and potential dilution due to the all-stock nature of the deal. Nevertheless, the established relationship between the companies may mitigate integration risks. It's important to note that while this acquisition adds some diversification, LEG's close ties to the bedding industry mean SGI will still be significantly influenced by the same market dynamics and broader bedding cycle.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

On April 13, 2026, Leggett & Platt Inc LEG shares rose 12.6% to a current price of $11.25, demonstrating a strong performance against its 52-week price range of $6.48 to $13.00. The recent surge reflects a positive momentum in the market, but the stock is currently trading above its GF Value™ estimate.

GF Value™ verdict: LEG is currently priced at $11.25, which is 1.7% overvalued compared to GF Value™ of $11.06.GF Score™ of 75/100 indicates that LEG is rated as above average, suggesting solid fundamentals.Notable signal: The stock has a momentum rank of 9/10, reflecting strong recent performance. Is LEG Overvalued or Undervalued? Leggett & Platt Inc is currently evaluated at $11.25, which is slightly above its GF Value™ estimate of $11.06. This implies that the stock is 1.7% overvalued at present. The GF Valuation label of "Fairly Valued" suggests that while there is not a significant margin of safety, the stock is also not excessively overpriced. Investors should be cautious as being overvalued can present risks, particularly in volatile markets where price corrections can occur.

GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. The current valuation indicates that investors may need to keep a close eye on market conditions and company performance before making significant investment decisions in LEG.

How Does LEG's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 6.7x 14.0x (5-Year Median) Forward P/E 10.3x N/A The current P/E ratio of 6.7x is significantly below its 5-year median P/E of 14.0x, indicating that LEG is trading at a much lower valuation relative to its historical averages. This analysis supports the GF Value™ verdict, highlighting that while the stock is currently overvalued based on GF Value™, it presents a historically low P/E ratio which might suggest a potential opportunity if company fundamentals improve.

What Does LEG's GF Score™ Tell Us? Metric Rating GF Score™ 75 Financial Strength 6/10 Profitability 7/10 Growth 1/10 Valuation 10/10 Momentum 9/10 The GF Score™ of 75/100 indicates that LEG has above-average potential for long-term returns. The strongest aspects of the company include its Valuation rank of 10/10 and a high Momentum rank of 9/10, reflecting its recent price performance. However, the Growth rank of 1/10 suggests significant challenges in expanding revenue or earnings, which could limit future upside for the stock.

What Are Insiders Doing with LEG Stock? Currently, there have been no insider transactions reported for Leggett & Platt Inc in the last three months. The lack of insider buying or selling might suggest that insiders are either confident in the current pricing or are not taking active positions based on market conditions. This neutrality can sometimes indicate stability, but it may also mean that insiders are waiting for clearer signals before making any moves.

What This Means for Investors Based on the GF Value™ assessment, Leggett & Platt Inc is currently overvalued at $11.25 relative to its fair value estimate of $11.06. Investors may want to consider this valuation in conjunction with the company's historical performance and GF Score™ metrics before making any decisions.

For the complete analysis, visit the Leggett & Platt Inc LEG stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is LEG's GF Score™?

LEG's GF Score™ is 75/100, indicating that it has above-average fundamentals and potential for long-term returns.

Is LEG overvalued or undervalued?

LEG is currently overvalued, with a GF Value™ of $11.06 compared to its market price of $11.25.

What is LEG's P/E ratio?

LEG's P/E ratio is 6.7x, which is significantly below its 5-year median P/E of 14.0x, indicating a low valuation relative to its historical performance.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Legget & Platt (LEG - Free Report) shares rallied 12.6% in the last trading session to close at $11.25. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 1.9% loss over the past four weeks.

Leggett & Platt's shares surged after it agreed to be acquired by Somnigroup International in an all-stock deal valued at about $2.5 billion, signaling a potential premium and strategic value unlock for shareholders. The rally also reflects optimism around synergies and improved growth prospects under combined operations, boosting investor sentiment.

This engineered component manufacturer is expected to post quarterly earnings of $0.26 per share in its upcoming report, which represents a year-over-year change of +8.3%. Revenues are expected to be $943.27 million, down 7.7% from the year-ago quarter.

While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For Legget & Platt, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on LEG going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Legget & Platt belongs to the Zacks Furniture industry. Another stock from the same industry, Flexsteel Industries (FLXS - Free Report) , closed the last trading session 3.7% higher at $50.27. Over the past month, FLXS has returned 6.9%.

For Flexsteel, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.8. This represents a change of -29.2% from what the company reported a year ago. Flexsteel currently has a Zacks Rank of #3 (Hold).

Insiders may stand to receive substantial financial benefits not available to ordinary shareholders.

The proposed transactions may contain terms that could limit superior competing offers.

Shareholders are encouraged to contact the firm to discuss their rights and options at no cost or obligation. We would handle any matter on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.

NEW YORK, April 22, 2026 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:

Leggett & Platt, Incorporated (NYSE: LEG)’s sale to Somnigroup International Inc. for 0.1455 shares of Somnigroup common stock for each share of Leggett & Platt common stock. Upon closing of the proposed transaction, Leggett & Platt shareholders will own approximately 9% of the combined company. If you are a Leggett & Platt shareholder, click here to learn more about your legal rights and options.

Avanos Medical, Inc. (NYSE: AVNS)’s sale to affiliates of American Industrial Partners for $25.00 per share in cash. If you are an Avanos shareholder, click here to learn more about your rights and options.

Select Medical Holdings Corporation (NYSE: SEM)’s sale to a consortium led by Select Medical executives and directors for $16.50 in cash per share. If you are a Select Medical shareholder, click here to learn more about your rights and options.

Galera Therapeutics, Inc. (OTC: GRTX)’s merger with Obsidian Therapeutics, Inc. Upon closing of the proposed transaction, Galera shareholders are expected to own approximately 1.8% of the combined company. If you are a Galera shareholder, click here to learn more about your rights and options.

On behalf of shareholders, Halper Sadeh LLC may seek increased consideration, additional disclosures and information, or other relief and benefits.

Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:
Halper Sadeh LLC
Daniel Sadeh, Esq.
Zachary Halper, Esq.
One World Trade Center
85th Floor
New York, NY 10007
(212) 763-0060
[email protected]
[email protected]  
https://www.halpersadeh.com

Insiders may stand to receive substantial financial benefits not available to ordinary shareholders.

The proposed transactions may contain terms that could limit superior competing offers.

Shareholders are encouraged to contact the firm to discuss their rights and options at no cost or obligation. We would handle any matter on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.

, /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:

Leggett & Platt, Incorporated (NYSE: LEG)'s sale to Somnigroup International Inc. for 0.1455 shares of Somnigroup common stock for each share of Leggett & Platt common stock. Upon closing of the proposed transaction, Leggett & Platt shareholders will own approximately 9% of the combined company. If you are a Leggett & Platt shareholder, click here to learn more about your legal rights and options.

Select Medical Holdings Corporation (NYSE: SEM)'s sale to a consortium led by Select Medical executives and directors for $16.50 in cash per share. If you are a Select Medical shareholder, click here to learn more about your rights and options.

KORE Group Holdings, Inc. (NYSE: KORE)'s sale to Searchlight Capital Partners, L.P. and Abry Partners for $9.25 per share. If you are a KORE shareholder, click here to learn more about your rights and options.

Forian Inc. (NASDAQ: FORA)'s sale to a consortium of investors led by Max Wygod, Chairman and Chief Executive Officer, together with certain other senior executives and existing shareholders of the Company, for $2.17 per share in cash. If you are a Forian shareholder, click here to learn more about your rights and options.

On behalf of shareholders, Halper Sadeh LLC may seek increased consideration, additional disclosures and information, or other relief and benefits.

Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:
Halper Sadeh LLC
Daniel Sadeh, Esq.
Zachary Halper, Esq.
One World Trade Center
85th Floor
New York, NY 10007
(212) 763-0060
[email protected]
[email protected]
https://www.halpersadeh.com

SOURCE Halper Sadeh LLP

Also from this source

Legget & Platt (LEG - Free Report) 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%.

What's Next for Legget & Platt?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 (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.31 on $992.3 million in revenues for the coming quarter and $1.08 on $3.89 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Furniture is currently in the bottom 18% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the broader Zacks Consumer Discretionary sector, Monro Muffler Brake (MNRO - Free Report) , has yet to report results for the quarter ended March 2026.

This automotive repair chain is expected to post quarterly loss of $0.04 per share in its upcoming report, which represents a year-over-year change of +55.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Monro Muffler Brake's revenues are expected to be $280.54 million, down 4.9% from the year-ago quarter.

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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.

CONTACT:   

Investor Relations, (417) 358-8131 or [email protected]

Ryan M. Kleiboeker, Executive Vice President

SOURCE Leggett & Platt Incorporated

Also from this source

ACCELERATES INNOVATION & GROWTH IN COMFORT, MOTION & SOFTWARE INTEGRATED SYSTEMS

DETROIT, MI / ACCESS Newswire / June 10, 2026 / Leggett & Platt Automotive today announced the launch of its new brand identity, "Leggett Dynamics", and tagline "eMotion & Comfort for everyone, everywhere, every day" signaling a strategic shift to accelerate innovation and growth in comfort and motion systems for automotive, adjacent and diversified markets.

Megatrend & Consumer Shifts

"Leggett Dynamics creates experiences where comfort and motion feel effortless, intelligent, personalized and instinctive across all aspects of life. This positions us well in the market in terms of megatrends as well as anticipating and proactively innovating for future expectations," said Marinela Cirstea, President of Leggett Dynamics.

According to Cirstea, comfort and motion are at the epicenter of converging megatrends and shifting consumers' priorities toward personalized experiences, health and wellness, plus instant synchronization of digital connection across all aspects of life. She noted that from CES to Auto Shanghai, mobility is evolving into extensions of living rooms, offices, entertainment and gaming spaces where seating and user experience become the primary product.

"Comfort and motion are no longer features. Together, they are the defining brand experience and what wins buyers. Thanks to Leggett's heritage of engineering comfort and motion everywhere people sleep, work, live and move, no one knows comfort and motion like Leggett," Cirstea said.

Leadership & Engineering Shifts

Since taking the helm in October 2025, Cirstea aligned the leadership team and the global enterprise around faster decision-making, customer intimacy and a culture of empowerment and accountability. Central to these efforts, Leggett Dynamics optimized its global engineering, R&D, and operations by expanding regional capabilities while streamlining development and collaboration to accelerate innovation in new and existing products, processes and production.

"By combining ergonomics expertise, software vertical integration and a resilient local-for-local footprint, we help our customers move faster and bring intelligent comfort and motion solutions to market at scale."

Portfolio Shift

Leggett Dynamics also introduced a new structure for products and services across four key areas.

Comfort Systems Platform: Massage, Lumbar, Bolster and Suspension

Motion Systems Platform: Motors, Actuators and Cables

Software & Integration Platform: Software, Hardware and E/E Architecture Integration; Intelligent Software-Defined Comfort and User-Experience

Innovation Services: Advanced Engineering Co-Development and Ergonomics Studies

Leggett Dynamics will debut its new brand and showcase its latest innovations at two upcoming industry events: The Automotive Engineering Expo in Nagoya, Japan (June 17-19, Booth 96) and Automotive Interiors Expo Europe in Stuttgart, Germany (June 23-25, Booth #3216).

About Leggett Dynamics
Leggett Dynamics is the brand representing the automotive businesses of Leggett & Platt, Incorporated. Under the Leggett Dynamics brand, these businesses deliver eMotion and Comfort solutions for automotive seating, liftgates, doors, sunroofs, and more. Leggett Dynamics businesses operate globally, with a footprint spanning 28 locations across 12 countries, and employing more than 6,200 people, with key locations in Detroit, Nuremberg, and Shanghai. As a strategic partner to more than 140 customers worldwide, Leggett Dynamics offers a Comfort Systems Platform (massage, lumbar, bolster and suspension), Motion Systems Platform (motors, actuators, and cables), Software & Integration Platform, and Innovation Services, including advanced engineering co-development and human factors studies. Leggett Dynamics is a brand within Leggett & Platt, Inc. (NYSE:LEG), a manufacturer of residential, industrial, and furniture products that has been engineering comfort for over 140 years across the places where people sleep, work, live, and move.

Link to Press Kit: Leggett Dynamics Launch

Media Contact:

Dawn K. Looney, APR
VP of Global Branding, Marketing & Communications
Leggett Dynamics
Email: [email protected]
Phone: +1.248.980.1248

Liwen Tao
Manager of AP Branding, Marketing & Communications
Leggett Dynamics
Email: [email protected]

SOURCE: Leggett & Platt

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