Leggett & Platt
Makes bedding, furniture, flooring, textile, automotive, and hydraulic components.
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Profile
Builds engineered components and finished products across bedding, automotive seating, hydraulic cylinders, furniture, flooring, and textiles. Its portfolio is being narrowed through restructuring and divestitures while a pending Somnigroup acquisition could move the issuer into a bedding-focused owner.
Originating in a patented steel coil bedspring, the business now operates through Bedding Products, Specialized Products, and Furniture, Flooring & Textile Products. It supplies springs, specialty foam, adjustable beds, bedding machinery, automotive comfort and motion systems, hydraulic cylinders, furniture components, flooring underlayment, textiles, and geo components.
Manufacturing remains component-heavy and customer-diverse, serving bedding brands and retailers, automotive suppliers and OEMs, furniture makers, flooring channels, contractors, agencies, and mobile-equipment markets. Products are used in homes, offices, automobiles, and industrial equipment, with operations described as international.
Current structure is shaped by weak residential demand, restructuring in bedding and flooring-related operations, the sale of the aerospace group, and a pending all-stock acquisition by Somnigroup. The transaction remains subject to approval and closing conditions.
Company facts
Key statistics
Year to date −16.3% · Average volume (30d) 2.3M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 12, 2026 | Piper Sandler | Reiterate | Neutral | $12 | $10 | |
| Dec 11, 2025 | Piper Sandler | Reiterate | Neutral | $9 | $12 | |
| Oct 29, 2025 | Truist Financial | Target | $11 | $12 | ||
| Oct 29, 2025 | Goldman Sachs | Target | $43 | $11 | ||
| Oct 29, 2025 | Piper Sandler | Reiterate | Neutral | $13 | $9 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $0.26 | $0.39 | +48.6% | $982.9M | $999.7M | +1.7% | −6.34% |
| May 7, 2026Q1 FY26 | $0.26 | $0.15 | −42.3% | $946.8M | $918.2M | −3.0% | −2.33% |
| Feb 11, 2026Q4 FY25 | $0.22 | $0.22 | 0.0% | $938.7M | $938.6M | 0.0% | −7.66% |
| Oct 27, 2025Q3 FY25 | $0.30 | $0.29 | −3.3% | $938.7M | $1.04B | +10.4% | +15.36% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.02B | $1.06B | $1.04B | $939.0M | $918.1M | $999.7M | |
| Gross profit | $187.3M | $189.2M | $192.3M | $165.1M | $167.4M | $203.2M | |
| Operating income | $64.7M | $70.9M | $67.8M | $43.6M | $45.9M | $80.3M | |
| Net income | $30.6M | $52.5M | $127.1M | $25.2M | $20.0M | $47.1M | |
| Diluted EPS | $0.22 | $0.38 | $0.91 | $0.18 | $0.14 | $0.33 | |
| Gross margin | 18.3% | 17.9% | 18.5% | 17.6% | 18.2% | 20.3% | |
| Operating margin | 6.3% | 6.7% | 6.5% | 4.6% | 5.0% | 8.0% |
Fiscal years (4-quarter sums)FY21 $5.07B · FY22 $5.15B · FY23 $4.73B · FY24 $4.38B · FY25 $4.06B
Revenue by product · Q2 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $545.8M · Total debt $1.65B · Total assets $3.60B · Shareholders' equity $1.08B
Dividends
Last cut to $0.05 from $0.46 in Jun 2024. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 10, 2026 | Aug 10 | Aug 24 | $0.05 | |
| Jun 15, 2026 | Jun 15 | Jul 15 | $0.05 | |
| Mar 13, 2026 | Mar 13 | Apr 15 | $0.05 | |
| Dec 15, 2025 | Dec 15 | Jan 15 | $0.05 | |
| Sep 15, 2025 | Sep 15 | Oct 15 | $0.05 | |
| Jun 13, 2025 | Jun 13 | Jul 15 | $0.05 | |
| Mar 14, 2025 | Mar 14 | Apr 15 | $0.05 | |
| Dec 13, 2024 | Dec 13 | Jan 15 | $0.05 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 136.56M · Float 133.07M · 97.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 22.65M | 16.58% | 13F | Aug 7, 2026 |
| FMR LLC | 11.60M | 8.50% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 8.48M | 6.21% | 13F | Aug 13, 2026 |
| The Goldman Sachs Group, Inc. | 8.02M | 5.90% | 13G | Aug 10, 2026 |
| Quantinno Capital Management LP | 6.32M | 4.63% | 13F | Aug 13, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Somnigroup International
Bedding platform with brands, retail, foundations, and mattresses
- Adient
Global automotive seating supplier across systems and components
- Lear
Automotive Seating and E-Systems supplier to major automakers
- Mohawk Industries
Global flooring manufacturer across residential and commercial channels
- La-Z-Boy
Residential upholstery and motion furniture manufacturer-retailer
- MillerKnoll
Contract furniture, seating, textiles, and workplace systems
- Parker-Hannifin
Motion and control supplier with broad industrial hydraulics exposure
- Helios Technologies
Hydraulics and electronic controls supplier for mobile equipment
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Leggett & Platt | $9.20 | −1.29% | $1.26B | 5.9 | 8.9 | 0.3 | −5.5% |
| Somnigroup International | $65.37 | +1.52% | $13.54B | 25.7 | 19.6 | 1.8 | −3.1% |
| Adient | $19.06 | +0.11% | $1.49B | 31.8 | 7.2 | 0.1 | +5.0% |
| Lear | $124.02 | −0.10% | $6.21B | 11.6 | 7.9 | 0.3 | +3.0% |
| Mohawk Industries | $129.89 | −0.02% | $7.92B | 17.2 | 14.1 | 0.7 | +6.8% |
| La-Z-Boy | $32.59 | +0.06% | $1.30B | 16.5 | 13.0 | 0.6 | −3.4% |
| MillerKnoll | $23.24 | +0.52% | $1.58B | 17.5 | 11.5 | 0.4 | +4.4% |
| Parker-Hannifin | $996.00 | +0.11% | $125.46B | 34.9 | 28.3 | 5.8 | +9.8% |
| Helios Technologies | $72.57 | −0.71% | $2.42B | 34.1 | 21.9 | 2.7 | +9.1% |
| Median | 21.6 | 13.6 | 0.7 | +4.7% |