Leggett & Platt Q4 sales miss estimates

Leggett & Platt

11/02/2026 21:18

Overview

Diversified manufacturer's Q4 sales fell 11%, missing analyst expectations

Adjusted EPS for Q4 rose slightly compared to last year

Company improved operational efficiency and reduced debt in 2025

Outlook

Leggett & Platt forecasts 2026 sales of $3.8–$4.0 bln, down 1% to 6% vs 2025

Company expects 2026 EPS of $0.92–$1.38; adjusted EPS of $1.00–$1.20

Leggett & Platt anticipates raw material price increases to boost 2026 sales

Result Drivers

SALES DECLINE - Q4 sales decreased 11% due to divestitures and weak demand in Adjustable Bed and Specialty Foam segments, partially offset by growth in Textiles and Work Furniture

RESTRUCTURING IMPACT - Restructuring plan completed with greater EBIT benefit and lower costs than expected

OPERATIONAL EFFICIENCY - Improved operational efficiency and reduced debt contributed to financial stability

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
Miss
$939 mln
$953.36 mln (4 Analysts)
Q4 EPS
$0.18


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the home furnishings peer group is "buy."

Wall Street's median 12-month price target for Leggett & Platt Inc is $12.50, about 0.9% below its February 10 closing price of $12.61

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nPnbYDgMMa

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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.)