Earnings summaries and quarterly performance for LEGGETT & PLATT.
Executive leadership at LEGGETT & PLATT.
Karl Glassman
Detailed
President and Chief Executive Officer
CEO
BB
Benjamin Burns
Detailed
Executive Vice President and Chief Financial Officer
JT
J. Tyson Hagale
Detailed
Executive Vice President, President — Bedding Products
JD
Jennifer Davis
Detailed
Executive Vice President and General Counsel
RS
R. Samuel Smith Jr.
Detailed
Executive Vice President, President — Specialized Products and Furniture, Flooring & Textile Products
Board of directors at LEGGETT & PLATT.
Research analysts who have asked questions during LEGGETT & PLATT earnings calls.
KH
Keith Hughes
Truist Financial Corporation
7 questions for LEG
Also covers: AMRZ, AWI, BLD +21 more
SM
Susan Maklari
Goldman Sachs Group Inc.
7 questions for LEG
Also covers: ALH, AOS, AWI +25 more
Alessandra Jimenez
Raymond James & Associates, Inc.
4 questions for LEG
Also covers: PRG, SNBR
Alexia Morgan
Piper Sandler
4 questions for LEG
Also covers: BOOT, BYON, COOK +5 more
PK
Peter Keith
Piper Sandler & Co.
4 questions for LEG
Also covers: ARHS, BBY, BOOT +19 more
Robert Griffin
Raymond James & Associates, Inc.
3 questions for LEG
Also covers: ARKO, CASY, LZB +7 more
BG
Bobby Griffin
Raymond James Financial
1 question for LEG
Also covers: APC, ARKO, CASY +12 more
CP
Charles Perron-Piché
Goldman Sachs
1 question for LEG
Also covers: AZEK, BLDR, CSL +6 more
JM
Judy Merrick
Truist Securities
1 question for LEG
Recent press releases and 8-K filings for LEG.
Leggett & Platt Provides Company Update and 2026 Guidance
LEG
Guidance Update
Demand Weakening
Share Buyback
- Leggett & Platt's restructuring plan is substantially complete, contributing an EBIT benefit of $63 million in 2025 and an estimated ~$70 million full plan run rate.
- The company issued 2026 guidance on February 11, 2026, projecting sales of $3.8-$4.0 billion (a decrease of 1% to 6% versus 2025) and Adjusted EPS of $1.00-$1.20.
- Leggett & Platt is prioritizing balance sheet health, targeting a long-term Net Debt to Adjusted EBITDA ratio of 2.0x, and plans to use most of its 2026 excess cash flow to reduce net debt.
- The company operates as a diversified manufacturer, with its 2026e net trade sales primarily from Bedding (39%), Specialized Products (26%), and Furniture, Flooring & Textile Products (35%).
3 days ago
Leggett & Platt Announces Q4 and Full Year 2025 Results
LEG
Earnings
Demand Weakening
Restructuring
- Leggett & Platt reported Q4 2025 sales of $939 million, an 11% decrease from Q4 2024, and full year sales of $4.05 billion, down 7% from 2024, primarily driven by divestitures and lower volume.
- Adjusted EPS for Q4 2025 was $0.22, a 5% increase from Q4 2024, while full year adjusted EPS remained flat at $1.05 compared to 2024.
- Adjusted EBIT for Q4 2025 was $48 million, down $8 million from Q4 2024, with an adjusted EBIT margin of 5.1%. Full year adjusted EBIT was $263 million, a 1% decrease from 2024, with an adjusted EBIT margin of 6.5%.
- The company's net debt to 12-month adjusted EBITDA improved to 2.4x as of December 31, 2025, compared to 3.8x at December 31, 2024.
Feb 12, 2026, 1:30 PM
Leggett & Platt Reports Q4 and Full-Year 2025 Results, Issues 2026 Guidance
LEG
Earnings
Guidance Update
Demand Weakening
- Leggett & Platt reported Q4 2025 sales of $939 million, an 11% decrease compared to Q4 2024, and full-year 2025 sales of $4.05 billion, down 7% from 2024. Adjusted EPS for Q4 2025 was $0.22, a 5% increase, while full-year adjusted EPS was $1.05, flat versus 2024.
- The company provided 2026 sales guidance of $3.8-$4.0 billion, representing a 1%-6% decrease from 2025, and adjusted EPS guidance of $1-$1.20. This guidance does not include an expectation of macro market recovery.
- Leggett & Platt substantially completed its restructuring plan in 2025, which is expected to provide a full run rate of approximately $70 million in EBIT benefit. The divestiture of its aerospace business in Q3 2025 contributed to reducing net debt to Adjusted EBITDA from 3.8x to 2.4x by year-end 2025, moving closer to its long-term target of 2x.
- Operating cash flow for 2025 was $338 million, an increase of $33 million from 2024, primarily driven by working capital benefits. For 2026, cash from operations is expected to be $225 million-$275 million.
Feb 12, 2026, 1:30 PM
Leggett & Platt Reports Q4 and Full-Year 2025 Results, Provides 2026 Guidance
LEG
Earnings
Guidance Update
Demand Weakening
- Leggett & Platt reported Q4 2025 sales of $939 million, an 11% decrease versus Q4 2024, and full-year 2025 sales of $4.05 billion, down 7% from the prior year. Adjusted EPS for Q4 2025 was $0.22, a 5% increase, while full-year adjusted EPS was $1.05, flat compared to 2024.
- The company significantly strengthened its balance sheet in 2025, reducing debt by $376 million and decreasing net debt to Adjusted EBITDA from 3.8x to 2.4x by year-end, largely driven by proceeds from the aerospace divestiture and cash from operations.
- The restructuring plan, launched in early 2024, is substantially complete and is expected to provide a full run rate of approximately $70 million in EBIT benefit.
- For 2026, Leggett & Platt anticipates sales between $3.8 billion and $4.0 billion (a 1%-6% decrease year-over-year, including a 3% reduction from divestitures) and adjusted EPS in the range of $1.00 to $1.20. Cash from operations is expected to be $225 million-$275 million.
- Management noted that residential markets, which account for roughly half of the company's revenue, remain in a multi-year depression, and the 2026 forecast does not include an expectation of macro market recovery.
Feb 12, 2026, 1:30 PM
Leggett & Platt Reports Q4 and Full-Year 2025 Results, Provides 2026 Guidance
LEG
Earnings
Guidance Update
Demand Weakening
- Leggett & Platt reported Q4 2025 sales of $939 million, an 11% decrease from Q4 2024, and full-year 2025 sales of $4.05 billion, down 7% from 2024. Adjusted EPS was $0.22 for Q4 2025, up 5% year-over-year, and $1.05 for the full year, flat compared to 2024.
- For 2026, the company expects sales between $3.8 billion and $4.0 billion (down 1%-6% from 2025) and adjusted EPS between $1.00 and $1.20.
- The company substantially completed its restructuring plan and significantly strengthened its balance sheet in 2025, reducing its net debt to Adjusted EBITDA ratio from 3.8x to 2.4x and aiming for a long-term target of 2x by the end of 2026.
- Residential end markets, which represent approximately half of the company's revenue, continue to experience a multi-year depression with demand well below average cycle levels.
Feb 12, 2026, 1:30 PM
Leggett & Platt Reports Q4 and Full Year 2025 Results
LEG
Earnings
Guidance Update
Demand Weakening
- Leggett & Platt reported Q4 2025 sales of $939 million, an 11% decrease compared to Q4 2024, and full year 2025 sales of $4.05 billion, a 7% decrease versus 2024.
- Q4 2025 adjusted EPS was $0.22, up $0.01 versus adjusted 4Q 2024 EPS, while full year 2025 adjusted EPS was $1.05, flat versus adjusted 2024 EPS.
- The company generated $338 million in operating cash flow in 2025, a $33 million increase versus 2024, and reduced its net debt leverage ratio to 2.4x trailing 12-month adjusted EBITDA by year-end.
- For 2026, sales are expected to be $3.8–$4.0 billion, and adjusted EPS is expected to be $1.00–$1.20.
Feb 11, 2026, 9:34 PM
Leggett & Platt Reports 4Q and Full Year 2025 Results
LEG
Earnings
Guidance Update
Demand Weakening
- Leggett & Platt reported Fourth Quarter 2025 sales of $939 million, an 11% decrease compared to 4Q24, with adjusted EPS of $0.22, a $0.01 increase versus adjusted 4Q24 EPS.
- For Full Year 2025, sales were $4.05 billion, a 7% decrease versus 2024, and adjusted EPS was $1.05, flat compared to 2024. Operating cash flow for 2025 increased by $33 million to $338 million.
- The company provided 2026 guidance with expected sales of $3.8–$4.0 billion, EPS of $0.92–$1.38, and adjusted EPS of $1.00–$1.20.
- Leggett & Platt reduced debt by $376 million in 2025, lowering the net debt leverage ratio to 2.4x as of year-end 2025, and substantially completed its restructuring plan, which generated $41 million of incremental EBIT benefit for the year.
Feb 11, 2026, 9:10 PM
Leggett & Platt Enters NDA and Standstill with Somnigroup for Takeover Bid
LEG
M&A
Takeover Bid
- Leggett & Platt has entered a non-disclosure agreement and a six-month standstill with Somnigroup to facilitate due diligence regarding Somnigroup's unsolicited Dec. 1, 2025, all-stock $12-per-share proposal.
- Leggett's board initially declined the offer, concluding it undervalued the company, but discussions are continuing to assess appropriate value and certainty for shareholders.
- The $12 offer represents approximately a 30% premium to Leggett & Platt’s unaffected 30-day average price.
- Wall Street analysts, including Piper Sandler and Truist, have raised their price targets to $12, describing the potential deal as potentially accretive.
- Following the announcement, Leggett & Platt's shares were quoted at $12.40 (down about 1.12%) and Somnigroup shares at $91.97 (down about 2.17%) in premarket trading.
Jan 20, 2026, 12:13 PM
Leggett & Platt Enters NDA with Somnigroup Following Declined Takeover Bid
LEG
M&A
Takeover Bid
- Leggett & Platt's Board of Directors has entered into a non-disclosure agreement and 6-month standstill with Somnigroup to facilitate due diligence for a potential transaction.
- This action follows Somnigroup's unsolicited all-stock proposal of $12 per share dated December 1, 2025, which Leggett & Platt's Board declined, stating it undervalues the Company.
- The Board is committed to evaluating and pursuing opportunities in the best interests of shareholders, though there is no assurance that the evaluation will result in a transaction.
Jan 20, 2026, 11:30 AM
Leggett & Platt Confirms Unsolicited Acquisition Proposal
LEG
M&A
Takeover Bid
- Leggett & Platt (LEG) has confirmed receipt of an unsolicited proposal from Somnigroup International Inc. (SGI) to acquire all its outstanding shares.
- The proposal is an all-stock transaction, non-binding, and subject to due diligence, with the exchange ratio "to be agreed".
- Leggett & Platt's Board of Directors will review the proposal, and shareholders are advised that no action is required at this time.
Dec 1, 2025, 12:15 PM
Quarterly earnings call transcripts for LEGGETT & PLATT.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more