earnings
confidence high
sentiment negative
materiality 0.85
Leggett & Platt Q1 sales $918M, EPS $0.14; withdraws FY2026 guidance amid Somnigroup deal
LEGGETT & PLATT INC
2026-Q1 EPS reported
$0.14
revenue$918,200,000
- Sales $918M, down 10% YoY; organic sales down 5%; volume down 9%.
- GAAP EPS $0.14 (vs $0.22); adjusted EPS $0.15; adjusted EBIT $43M vs $67M.
- Bedding Products adjusted EBIT +$8M on metal margin; Specialized Products -$14M; FF&T -$17M.
- Withdraws previously issued 2026 guidance due to pending acquisition by Somnigroup International (SGI).
- Dividend unchanged at $0.05/share; net debt 2.8x trailing EBITDA.