Highest-materiality recent filing
Leggett & Platt HSR waiting period expires; merger on track for year-end 2026 close
HSR waiting period expired on June 3, 2026, clearing one antitrust condition.
Leggett & Platt Q1 sales $918M, EPS $0.14; withdraws FY2026 guidance amid Somnigroup deal
Sales $918M, down 10% YoY; organic sales down 5%; volume down 9%.
Somnigroup to acquire Leggett & Platt in ~$2.5B all-stock deal; exchange ratio 0.1455
Leggett & Platt shareholders receive 0.1455 Somnigroup shares per share, owning ~9% of combined company.
Leggett & Platt 2025 sales $4.05B (-7%), EPS $1.69; guides 2026 sales $3.8-4.0B
4Q sales $939M (-11% YoY); adjusted EPS $0.22 (up $0.01 YoY).
Leggett & Platt 3Q sales down 6% to $1.0B; adj EPS $0.29 vs $0.32; reaffirms guidance midpoint
3Q sales $1.0B (-6% YoY); adj EPS $0.29 (down $0.03); EBIT $171M including $87M Aerospace gain.
Leggett & Platt closes sale of Aerospace Products Group for ~$285M; revises FY2025 guidance
Sale closed Aug 29, 2025; cash proceeds ~$285.8M at closing, expected after-tax ~$250M.
Leggett & Platt Q2 adj. EPS $.30, up $.01 YoY; sales down 6% to $1.1B; FY guidance maintained
Q2 adjusted EPS $.30, up $.01 YoY; GAAP EPS $.38 vs. loss of $4.39 in 2Q24.
Leggett & Platt Q1 adjusted EPS $0.24 beats; sales down 7%; FY25 guidance unchanged
Q1 sales $1.0B (-7% YoY); EPS $0.22, adjusted EPS $0.24 (+$0.01 vs adjusted 1Q24).
Leggett & Platt sells Aerospace Products Group to Tinicum for $285M cash
Cash purchase price $285M; after-tax proceeds expected ~$240M.
Q4 sales $1.1B (−5% YoY); EPS $0.10, adj. EPS $0.21 (down $0.05 from Q4 2023 adj. EPS $0.26).
Leggett & Platt Q3 sales down 6% to $1.1B; lowers FY2024 adjusted EPS guidance to $1.00-$1.10
Q3 sales $1.1B (-6% YoY); adjusted EPS $0.32 (down from $0.36 in Q3 2023).
Q2 sales $1.1B (-8% YoY); GAAP EPS loss $4.39 includes $675M non-cash goodwill impairment.
Leggett & Platt appoints Karl Glassman as President and CEO; Mitch Dolloff resigns
J. Mitchell Dolloff resigned immediately as President, CEO and Board member; not due to any disagreement.
Leggett & Platt 1Q sales $1.1B (-10% YoY); dividend slashed to $0.05 from $0.46
1Q EPS $0.23, down $0.16 YoY; adjusted EPS also $0.23.
Leggett & Platt loosens leverage covenant to 4.0x through mid-2025; evaluates dividend
Leverage ratio covenant increased from 3.5x to 4.0x for quarters March 31, 2024 through June 30, 2025; reverts to 3.5x Sept 30, 2025.
Leggett & Platt reports Q4 loss of $2.18 EPS, $444M impairment; guides 2024 adj EPS $1.05-1.35
Q4 sales $1.1B (-7% YoY), GAAP EPS loss of $2.18 vs $0.39 prior; adjusted EPS $0.26, down $0.13.
Leggett & Platt announces restructuring, $450M impairment, withdraws long-term targets
Restructuring plan consolidates 15-20 of 50 Bedding facilities; cuts 900-1,100 jobs; targets $40-50M annualized EBIT by late 2025.
On February 25, 2025, Mark A. Blinn and Manuel A. Fernandez each notified the Company of their respective decisions to retire as a director of the Company effective immediately prior to the beginning of the 2025 annual shareholder meeting, which currently is expected to be held on May 7, 2025.
On February 25, 2025, Mark A. Blinn and Manuel A. Fernandez each notified the Company of their respective decisions to retire as a director of the Company effective immediately prior to the beginning of the 2025 annual shareholder meeting, which currently is expected to be held on May 7, 2025.
On February 13, 2025, Karl G. Glassman, the Company’s President and Chief Executive Officer, ceased serving as the acting, temporary segment manager of the Company’s Specialized Products segment.
On this same date, the Company appointed R. Samuel Smith, Jr. to serve as President of the Specialized Products segment.
the position created by the resignation of J. Mitchell Dolloff from such position
On May 20, 2024, the Company’s Board of Directors appointed Karl G. Glassman, age 65, as President and Chief Executive Officer, effective immediately
J. Mitchell Dolloff, the Company’s President and Chief Executive Officer will oversee the Specialized Products segment on an interim basis, beginning April 2, 2024.
On February 26, 2024, Steven K. Henderson, the Company’s Executive Vice President, President – Specialized Products and Furniture, Flooring & Textile Products, notified the Company of his decision to retire from the Company, effective April 1, 2024.
R. Samuel Smith, Jr., age 56, will succeed Mr. Henderson as Senior Vice President, President – Furniture, Flooring & Textile Products, effective April 2, 2024.
Max materiality 0.90 · Median 0.70 · Most common event earnings