Leggett & Platt sales fall 6% to $1 billion
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- Leggett & Platt reported Q2 2026 sales of $999.7 million, down 6% from the prior-year quarter.
- Adjusted EPS increased to $0.39, although reported EPS declined to $0.33 and operating cash flow fell 45%.
- The company withdrew its 2026 guidance while awaiting shareholder and regulatory approvals for its Somnigroup acquisition.
Leggett & Platt (NYSE:LEG) reported Q2 2026 sales of $999.7 million, down 6%, while adjusted EPS increased to $0.39.
Sales fell from $1.06 billion as divestitures reduced revenue by 5% and organic sales declined 1%.
Adjusted EBIT rose to $89 million, net debt was 2.6 times adjusted EBITDA, and operating cash flow fell 45% to $45.8 million.
Leggett & Platt expects macroeconomic pressures to limit demand.
Following the announcement, Leggett & Platt's share price was down 2% at $10.25 in premarket trading.
Bedding Products sales fell 1%, Specialized Products sales declined 19%, and Furniture, Flooring and Textile Products sales increased 1%.
The company maintained its $0.05 quarterly dividend and is awaiting an August 20 shareholder vote and remaining approvals for Somnigroup’s $2.5 billion acquisition.
