Leggett & Platt Q1 sales fall 10% to $918 million; withdraws 2026 guidance
Leggett & Platt reported first-quarter 2026 sales of $918 million, down 10% from a year earlier, with GAAP EPS of $.14 versus $.22 and adjusted EPS of $.15 versus $.24. The company withdrew its previously issued 2026 guidance because of its pending acquisition by Somnigroup International, and it will not host a conference call. For shareholders, the results show weaker demand and margin pressure, and the company no longer offers a 2026 outlook to rely on.
Key points
- First-quarter sales were $918 million, down 10%; volume fell 9% and divestitures reduced sales 5%.
- Adjusted EPS was $.15, down $.09 from $.24 in first quarter 2025; GAAP EPS was $.14 versus $.22.
- Operating cash flow was negative $56 million, a $63 million decrease versus first quarter 2025.
- 2026 guidance is withdrawn; the Somnigroup merger, agreed April 13, 2026, is expected to close by year-end 2026.
The filing
Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 07, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.