Exchange: NYSE·Updated 07:32 PM EDT
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LEG Leggett & Platt, Inc.

$9.35
$0.12
(1.29%)
Today
Closed $9.20
$0.15
(1.63%)
After Hours
EarningsOct 26
Mkt Cap$1.26B
Vol13.66M

About LEG

Leggett & Platt, Inc. engages in the manufacture and distribution of furniture and engineered components and products among homes, offices, automobiles, and commercial aircraft. It operates through the following segments: Bedding Products, Specialized Products, and Furniture, Flooring & Textile Products. The Bedding Products segment supplies products and components for the home, including mattress springs and specialty foam, as well as adjustable beds, bedding machinery, steel rod, and drawn wire. The Specialized Products segment supplies titanium, nickel, and stainless-steel tubing for the aerospace industry, and serves the construction market with its hydraulic cylinders group. The Flooring, Furniture & Textile Products segment produces an extensive line of components and engineered systems for office, residential, and contract furniture manufacturers. The company was founded by J. P. Products and C. B. Platt in 1883 and is headquartered in Carthage, MO.
45

Neutral Sentiment

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S&P Global Ratings upgraded Somnigroup International to BB+ from BB, citing lower leverage following the Mattress Firm integration. Adjusted leverage fell to 3.5x from about 3.8x pro forma, while Q2 sales declined 3% but adjusted EBITDA rose more than 15% on synergies, operational efficiencies and product mix. S&P expects roughly 2% sales growth and leverage of about 3.2x in FY2026. Somnigroup expects $65 million in cost synergies. Its planned $2.5 billion all-stock acquisition of Leggett & Platt is expected to be leverage-neutral and create a vertically integrated bedding company with about $11 billion in sales and $2 billion in adjusted EBITDA. The agency assigned a positive outlook, with another upgrade possible if Somnigroup successfully integrates Leggett & Platt and keeps leverage below 4x. $LEG $SGI

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