Quarterly ResultAug 6, 2026, 06:37 AM
Leggett & Platt 2Q Sales $1.0B, Adjusted EPS $0.39
AI Summary
Leggett & Platt reported second-quarter 2026 financial results, with sales decreasing 6% to $1.0 billion. Despite challenging market conditions, adjusted EPS rose by $0.09 to $0.39. The company also announced continued progress on its planned merger with Somnigroup, with shareholder approval scheduled for August 20, 2026.
Key Highlights
- Second quarter sales were $1.0 billion, a 6% decrease versus 2Q25.
- Second quarter adjusted EPS was $0.39, up $0.09 versus 2Q25 adjusted EPS.
- Organic sales were down 1% for the quarter.
- Operating cash flow was $46 million, a decrease of $38 million versus 2Q25.
- Net Debt/Adjusted EBITDA (trailing 12 months) was 2.6x.
- Bedding Products Adjusted EBIT increased $24 million, driven by metal margin expansion.
- Specialized Products Adjusted EBIT decreased $15 million, due to divested Aerospace business and lower volume.
- The planned merger with Somnigroup is progressing, with shareholder approval scheduled for August 20, 2026.
Price Impact
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