Leggett & Platt Q1 sales fall, miss estimates on weak demand

Leggett & Platt

07/05/2026 11:46

Overview

U.S. engineered components maker's Q1 sales fell 10%, missing analyst expectations

Adjusted EPS for Q1 declined and missed analyst expectations

Company withdrew 2026 guidance due to pending Somnigroup acquisition

Outlook

Company withdraws previously issued 2026 guidance due to pending Somnigroup acquisition

Company says prior 2026 guidance should no longer be relied upon

Company expects higher chemical prices to begin impacting costs in the second quarter

Result Drivers

WEAK DEMAND - Co said lower market demand across most businesses, especially in residential end markets and U.S. bedding, weighed on Q1 results

COST PRESSURES - Higher transportation and chemical costs, as well as margin compression in Flooring, contributed to lower margins in Q1

DIVESTITURES - 2025 divestitures reduced Q1 sales and earnings, particularly in Specialized Products

Company press release: ID:nPn84bXfRa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Miss
$918 mln
$949.95 mln (3 Analysts)
Q1 Adjusted EPS
Miss
$0.15
$0.24 (3 Analysts)
Q1 EPS
$0.14


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)