Form 8-K

8-K — LEGGETT & PLATT INC

Accession: 0001193125-26-336582

Filed: 2026-08-06

Period: 2026-08-06

CIK: 0000058492

SIC: 2510 (HOUSEHOLD FURNITURE)

Item: Results of Operations and Financial Condition

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — d121836d8k.htm (Primary)

EX-99.1 — PRESS RELEASE DATED AUGUST 6, 2026 (d121836dex991.htm)

GRAPHIC (g121836g0805025506629.jpg)

GRAPHIC (g121836g0805025507027.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K — FORM 8-K

8-K (Primary)

Filename: d121836d8k.htm · Sequence: 1

FORM 8-K

LEGGETT & PLATT INC false 0000058492 0000058492 2026-08-06 2026-08-06

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) August 6, 2026

LEGGETT & PLATT, INCORPORATED

(Exact name of registrant as specified in its charter)

Missouri

001-07845

44-0324630

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

1 Leggett Road

Carthage, MO

64836

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code 417-358-8131

N/A

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange

on which registered

Common Stock, $.01 par value

LEG

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02

Results of Operations and Financial Condition.

On August 6, 2026, Leggett & Platt, Incorporated (the “Company”) issued a press release announcing its financial results for the second quarter ending June 30, 2026 and related matters. The press release is attached as Exhibit 99.1 and is incorporated herein by reference.

This information is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section. This information shall not be incorporated by reference into any document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

The press release contains the Company’s (i) Net Debt/Adjusted EBITDA (trailing twelve months) ratio; (ii) Adjusted EPS; (iii) Adjusted EBIT; (iv) Adjusted EBIT Margin; (v) EBITDA; (vi) EBITDA Margin; (vii) Adjusted EBITDA; (viii) Adjusted EBITDA Margin; (ix) Adjusted EBITDA (trailing twelve months); and (x) change in Organic Sales.

The press release also contains Segments’ (i) Adjusted EBIT; (ii) Adjusted EBIT Margin; (iii) Adjusted EBITDA; (iv) Adjusted EBITDA Margin; and (v) change in Organic Sales.

Company management believes the presentation of Net Debt/Adjusted EBITDA (trailing twelve months) provides investors a useful way to assess the time it would take the Company to pay off its debt, ignoring various factors including interest and taxes. Management uses these ratios as supplemental information to assess its ability to pay off its incurred debt. Because we may not be able to use our earnings to reduce our debt on a dollar-for-dollar basis, the presentation of Net Debt/Adjusted EBITDA (trailing twelve months) may have material limitations.

Company management believes the presentation of Company Adjusted EPS, Adjusted EBIT, Adjusted EBIT Margin, EBITDA, EBITDA Margin, Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted EBITDA (trailing twelve months), and Segment Adjusted EBIT, Adjusted EBIT Margin, Adjusted EBITDA, and Adjusted EBITDA Margin is useful to investors in that it aids investors’ understanding of underlying operational profitability. Management uses these non-GAAP measures as supplemental information to assess the Company’s operational performance.

Organic Sales is calculated as trade sales excluding sales attributable to acquisitions and divestitures consummated within the last twelve months. Company management believes the presentation of change in Organic Sales is useful to investors and is used by management as supplemental information to analyze our underlying sales performance from period to period in our legacy businesses.

The above non-GAAP measures may not be comparable to similarly titled measures used by other companies and should not be considered a substitute for, or more meaningful than, their GAAP counterparts. For non-GAAP reconciliations, please refer to pages 6 and 7 of the press release.

Item 7.01

Regulation FD Disclosure.

The information provided in Item 2.02, including Exhibit 99.1, is incorporated herein by reference.

Item 9.01

Financial Statements and Exhibits.

(d) Exhibits.

EXHIBIT INDEX

Exhibit

No.

Description

99.1*

Press Release dated August 6, 2026

104

Cover Page Interactive Data File (embedded within the inline XBRL document)

Denotes furnished herewith.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

LEGGETT & PLATT, INCORPORATED

Date: August 6, 2026

By:

/s/ Jennifer J. Davis

Jennifer J. Davis

Executive Vice President –

General Counsel

EX-99.1 — PRESS RELEASE DATED AUGUST 6, 2026

EX-99.1

Filename: d121836dex991.htm · Sequence: 2

PRESS RELEASE DATED AUGUST 6, 2026

EXHIBIT 99.1

FOR IMMEDIATE RELEASE: August 6, 2026

Leggett & Platt Reports 2Q 2026 Results

Carthage, MO, August 6, 2026 —

•

2Q sales of $1.0 billion, a 6% decrease vs 2Q25, including a 5% decrease from divestitures

•

2Q EPS of $.33, 2Q adjusted1 EPS of $.39, a $.09 increase vs

adjusted1 2Q25 EPS

President and CEO Karl Glassman commented, “We are

pleased with how our teams managed through a challenging environment in the second quarter. Our employees remained focused on disciplined execution and cost management which, along with favorable items that we do not expect to repeat in future

quarters, contributed to improved adjusted earnings.

“Bedding industry conditions remain challenged both by sluggish consumer activity and

continued consolidations and bankruptcies across the value chain. We estimate that U.S. mattress market units declined by low double digits in the second quarter, similar to the declines we saw in the first quarter. In our Bedding Products segment,

continued strong performance of our trade rod and wire business partially offset the decline from lower mattress demand.

“Across our other

segments, demand remained soft in markets tied to housing and broader consumer spending as consumers were faced with additional uncertainty resulting from the war in the Middle East and higher gas prices. In Specialized Products, Automotive

performed slightly below the market, which saw lower consumer demand across all regions. In Furniture, Flooring & Textile Products, growth in Textiles offset lower demand in the remaining businesses, which are more directly exposed to U.S.

residential spending, leading to a slight improvement in trade sales.

“As we look forward, we remain focused on executing our strategic priorities

while expecting ongoing macroeconomic headwinds to temper consumer demand across most of our businesses for the remainder of the year.

“Finally, we

continue to progress towards the planned merger with Somnigroup. As previously announced, the waiting period under the HSR Antitrust Improvements Act expired in June. We anticipate the transaction to close upon satisfaction of the remaining closing

conditions, including Leggett & Platt shareholder approval at the special meeting planned for August 20th and the remaining required regulatory approvals. As previously stated, we believe

this combination with a valued long–standing customer will create a leading global company—providing compelling strategic and financial value for our customers, employees, and the Leggett & Platt shareholders.”

SECOND QUARTER RESULTS

Second quarter sales

were $1.0 billion, a 6% decrease versus second quarter last year

•

2025 divestitures decreased sales 5%

Please refer to attached tables for Non-GAAP Reconciliations

•

Organic sales2 were down 1%

•

Volume was down 4%, primarily from continued weak demand across most of our end markets, retailer merchandising

changes in Adjustable Bed, and the decision during the fourth quarter of 2025 to walk away from a financially challenged customer in U.S. Spring

•

Raw material-related selling price increases added 2% to sales

•

Currency benefit increased sales 1%

Second quarter EBIT was $80 million, down from $90 million in second quarter 2025. Adjusted1 EBIT was $89 million, up from second quarter 2025 adjusted1 EBIT of $76 million.

•

Adjusted1 EBIT increased primarily from metal margin

expansion, restructuring benefit, and other favorable items, most of which are not expected to repeat in future quarters. EBIT margin was 8.0%, down from 8.5% in the second quarter of 2025, and adjusted1 EBIT margin was 8.9%, up from 7.1%.

Second quarter EPS was $.33, a

$.05 decrease versus second quarter 2025 EPS of $.38. Second quarter adjusted1 EPS was $.39, up $.09 versus second quarter 2025 adjusted1 EPS of $.30.

Second Quarter Results 1

EBIT (millions)

EPS

Bedding

Specialized

FF&T

Other

Total

2Q26

2Q25

2Q26

2Q25

2Q26

2Q25

2Q26

2Q25

2Q26

2Q25

2Q26

2Q25

Reported results

(10

)

—

.33

.38

Adjustment items:

Gain on sale of real estate

(11

)

(17

)

—

)

—

(11

)

(19

)

(.06

)

(.10

)

Restructuring, restructuring-related, and impairment charges

—

.05

.02

Somnigroup merger costs

—

.07

—

Total adjustments

)

(15

)

—

(15

)

.06

(.08

)

Adjusted results

—

.39

.30

Calculations impacted by rounding

DEBT AND CASH FLOW

•

Net Debt1 was 2.6x trailing 12-month adjusted EBITDA1

•

Total Debt at June 30 was $1.5 billion in three tranches of long-term bonds at $500 million

each

•

Operating cash flow was $46 million in the second quarter, a decrease of $38 million versus

second quarter 2025, reflecting an expected larger investment in working capital and lower earnings

•

Capital expenditures were $21 million

•

Dividends were $7 million

•

In May, Leggett & Platt’s Board of Directors declared a second quarter dividend of $.05 per share,

flat versus last year’s second quarter dividend

•

In July, Leggett & Platt’s Board of Directors declared a third quarter dividend of $.05 per share,

flat versus last year’s third quarter dividend. The dividend will be paid on August 24, 2026.

Trade sales excluding acquisitions/divestitures in the last 12 months

2 of 7

SEGMENT RESULTS – Second Quarter 2026 (versus 2Q 2025)

Bedding Products –

•

Trade sales decreased 1%

•

Volume decreased 7%, primarily due to retailer merchandising changes and lower volume with a certain customer in

Adjustable Bed, demand softness in U.S. and European bedding markets, and the decision during the fourth quarter of 2025 to walk away from a financially challenged customer in U.S. Spring. These declines were partially offset by higher trade rod and

wire sales.

•

Raw material-related selling price increases and currency benefit added 6% to sales

•

EBIT increased $15 million and adjusted1 EBIT increased

$24 million

•

Adjusted1 EBIT increased primarily from metal margin

expansion, favorable sales mix, temporary price-cost timing benefit in Specialty Foam, and restructuring benefit. These increases were partially offset by lower volume.

•

We believe U.S. mattress market units were down low double digits in the second quarter

Specialized Products –

•

Trade sales decreased 19%

•

2025 divestiture of Aerospace reduced sales 16%

•

Volume decreased 4% from softer market demand

•

Currency benefit increased sales 1%

•

EBIT decreased $20 million and adjusted1 EBIT decreased

$15 million

•

Adjusted1 EBIT decreased primarily from earnings associated

with the divested Aerospace business, currency impact, and lower volume

•

Automotive volume was slightly below major market production in the quarter, driven by underperformance in Asia

partially offset by outperformance in Europe and North America

Furniture, Flooring & Textile Products

–

•

Trade sales increased 1%

•

Volume was flat with growth in Textiles offset by declines in Home Furniture, Work Furniture, and Flooring

•

Raw material-related selling price increases added 1% to sales

•

2025 divestiture of a small facility in Work Furniture reduced sales <1%

•

EBIT and adjusted1 EBIT increased $5 million

•

Adjusted1 EBIT benefited from refunds of IEEPA tariffs that

were paid during the eleven-month period they were in force. During that period, competitive pressures led to margin compression as cost increases, including tariffs, were not fully recovered through increased selling prices.

2026 GUIDANCE AND CONFERENCE CALL

April 13, 2026, the Company entered into an agreement to be acquired by Somnigroup International Inc. (NYSE: SGI). The transaction is anticipated to close upon satisfaction of the remaining closing conditions, including Leggett & Platt

shareholder approval at the August 20, 2026 meeting and remaining required regulatory approvals. As is customary while a transaction is pending, Leggett & Platt’s 2026 guidance issued in February was withdrawn last quarter and

should no longer be relied upon. Additionally, Leggett & Platt will not host a conference call. For further details on quarterly performance, please refer to Leggett & Platt’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, which is expected to be filed today with the Securities and Exchange Commission.

3 of 7

FOR MORE INFORMATION: Visit Leggett’s website at www.leggett.com.

COMPANY DESCRIPTION: Leggett & Platt (NYSE: LEG) is a diversified manufacturer that designs and produces a broad variety of engineered

components and products that can be found in many homes and automobiles. The 143-year-old Company is a leading supplier of bedding components and solutions; automotive

seat comfort and convenience systems; home and work furniture components; geo components; flooring underlayment; and hydraulic cylinders for material handling and heavy construction applications.

FORWARD-LOOKING STATEMENTS: This press release contains “forward-looking statements,” identified by words such as “expect,”

“anticipate,” “estimate,” “believe,” or by the context in which they appear, including, but not limited to, the anticipated closing of the Somnigroup transaction upon satisfaction of the remaining closing

conditions, including Leggett & Platt shareholder approval at the August 20, 2026 meeting and required regulatory approvals, the filing date of the Company’s Form 10-Q as well as the

delivery of compelling strategic and financial value for customers, employees and shareholders associated with the Somnigroup Merger, and certain favorable items not expected to improve adjusted earnings in future quarters. Such statements are

expressly qualified by cautionary statements described in this provision and reflect only the beliefs, expectations, and assumptions of Leggett at the time the statement is made. Because all forward-looking statements deal with the future, they are

subject to risks, uncertainties and developments which might cause actual events or results to differ materially from those envisioned or reflected in any forward-looking statement. Moreover, we do not have, and do not undertake, any duty to update

or revise any forward-looking statement to reflect events or circumstances after the date on which the statement was made, whether as a result of new information, future events or otherwise, except as required by law. Some of these risks include:

risks associated with the Agreement and Plan of Merger, dated April 13, 2026 (as may be amended from time to time, the “Somnigroup Merger Agreement”), by and among Somnigroup International Inc. (“Somnigroup”), Sparrow

Unity Corporation, a Missouri corporation and a direct, wholly owned subsidiary of Somnigroup (“Merger Sub”) and Leggett, pursuant to which, subject to the terms and conditions of the Somnigroup Merger Agreement, Merger Sub will merge

with and into Leggett (the “Somnigroup Merger”), with Leggett surviving the Somnigroup Merger as a direct, wholly owned subsidiary of Somnigroup, including (i) Leggett’s shareholders inability to determine the value of

consideration to be received in a completed Somnigroup Merger because the exchange ratio is fixed and the market price of Somnigroup common stock will fluctuate; (ii) the completion of the Somnigroup Merger is subject to certain conditions that

may not be satisfied or waived, including Leggett shareholder approval and certain governmental and regulatory approvals; (iii) an event, change or other circumstance could give rise to delays in completing the Somnigroup Merger or the

termination of the Somnigroup Merger Agreement; (iv) Leggett’s business relationships (including with Somnigroup and its affiliates) may be subject to disruption due to uncertainty associated with the Somnigroup Merger; (v) the

diversion of management time from ongoing business operations and opportunities as a result of the Somnigroup Merger; (vi) failure to complete the Somnigroup Merger could negatively impact the share price and the future business and financial

results of Leggett; (vii) litigation against the Company could result in substantial costs, an injunction preventing the completion of the Somnigroup Merger and/or a judgment resulting in the payment of damages; (viii) the Company will

incur significant transaction and merger-related costs in connection with the Somnigroup Merger; and (ix) the possibility that the expected benefits of the Somnigroup Merger are not realized when expected or at all. In addition, risks include:

impacts of the Iranian war; increased trade costs, including tariffs; regarding the 2024 and 2026 Restructuring Plans, our ability to timely receive anticipated EBIT benefits, and expected net cash from real estate sales; our ability to accurately

forecast sales and earnings; the adverse impact on our sales, earnings, liquidity, margins, cash flow, costs, and financial condition caused by: global inflationary and deflationary impacts; the demand for our products and our customers’

products; our manufacturing facilities’ ability to obtain necessary raw materials, parts, and labor, and to ship finished products; the impairment of goodwill and long-lived assets; our ability to access the commercial paper market or borrow

under our credit facility; supply chain shortages and disruptions; our ability to manage working capital; our ability to collect receivables; price and product competition; cost of raw materials, labor and energy; cash generation sufficient to pay

our debts or the dividend; cash repatriation from foreign accounts; our ability to pass along cost increases through increased selling prices; conflict between China and Taiwan; our ability to maintain profit margins if customers change the quantity

or mix of our products; political risks; tax audits and rates; foreign operating risks; cybersecurity incidents; customer losses and insolvencies; disruption to our steel rod mill and wire mills and other operations because of severe weather-related events, natural disaster, fire, explosion, terrorism, or governmental action; ability to develop innovative products; foreign currency fluctuation; anti-dumping duties on innersprings, steel wire rod

and mattresses; data privacy; sustainability obligations; litigation risks; and risk factors in the “Forward-Looking Statements” and “Risk Factors” sections in Leggett’s Form 10-K

and subsequent Form 10-Qs. There may be other factors that may cause Leggett’s actual results to differ materially from the forward-looking statements.

INVESTOR CONTACT: Investor Relations

Ryan M. Kleiboeker,

Executive Vice President

(417) 358-8131 or invest@leggett.com

4 of 7

LEGGETT & PLATT

Page

of 7

August 6, 2026

RESULTS OF OPERATIONS

SECOND QUARTER

YEAR TO DATE

(In millions, except per share data)

2026

2025

Change

2026

2025

Change

Trade sales

999.7

1,058.0

1,917.9

2,080.1

Cost of goods sold

796.5

865.4

1,544.0

1,697.5

Gross profit

203.2

192.6

373.9

382.6

Selling & administrative expenses

119.8

118.4

241.3

242.0

—

Amortization

3.1

3.6

6.7

8.6

Other (income) expense, net

0.2

(19.8

)

1.3

(21.3

)

Earnings before interest and income taxes

80.1

90.4

(11

124.6

153.3

(19

Net interest expense

11.7

18.7

24.3

36.5

Earnings before income taxes

68.4

71.7

100.3

116.8

Income taxes

21.3

19.2

33.2

33.7

Net earnings

47.1

52.5

67.1

83.1

Less net income from noncontrolling interest

—

Net Earnings (loss) Attributable to L&P

47.1

52.5

(10

67.1

83.1

(19

Earnings (loss) per diluted share

Net earnings (loss) per diluted share

0.33

0.38

(13

0.47

0.60

(22

Shares outstanding

Common stock (at end of period)

136.6

135.3

1.0

136.6

135.3

1.0

Basic (average for period)

140.0

138.5

139.6

138.2

Diluted (average for period)

141.6

139.6

1.4

141.3

139.1

1.6

CASH FLOW

SECOND QUARTER

YEAR TO DATE

(In millions)

2026

2025

Change

2026

2025

Change

Net earnings

47.1

52.5

67.1

83.1

Depreciation and amortization

28.5

29.7

56.7

61.3

Working capital decrease (increase)

(28.3

)

16.4

(146.5

)

(47.8

)

Impairments

0.2

0.9

3.0

1.2

Deferred income tax benefit (expense)

1.1

(3.2

)

5.5

(1.6

)

Other operating activities

(2.8

)

(12.3

)

3.9

(5.4

)

Net Cash from Operating Activities

45.8

84.0

(45

(10.3

)

90.8

(111

Additions to PP&E

(20.5

)

(8.5

)

(44.8

)

(21.8

)

Proceeds from disposals of assets and businesses

12.6

23.5

26.9

29.1

Dividends paid

(6.8

)

(6.8

)

(13.6

)

(13.5

)

Repurchase of common stock, net

(0.3

)

(0.3

)

(3.7

)

(2.3

)

Additions to (payments of) debt, net

1.1

(146.4

)

1.4

(77.4

)

Other

3.4

10.7

2.5

13.7

Increase (Decrease) in Cash & Equivalents

35.3

(43.8

)

(41.6

)

18.6

BALANCE SHEET

Jun 30,

Dec 31,

(In millions)

2026

2025

Change

Cash and equivalents

545.8

587.4

Receivables

568.4

475.9

Inventories

638.3

622.6

Other current assets

78.8

57.7

Total current assets

1,831.3

1,743.6

Net fixed assets

646.9

664.0

Operating lease

right-of-use assets

130.9

137.9

Goodwill

745.1

751.4

Intangible assets and deferred costs, both at net

248.6

239.5

TOTAL ASSETS

3,602.8

3,536.4

Trade accounts payable

475.5

466.6

Current debt maturities

1.5

Current operating lease liabilities

48.5

51.5

Other current liabilities

253.8

255.4

Total current liabilities

779.3

775.0

Long-term debt

1,496.8

1,496.2

—

Operating lease liabilities

100.3

106.7

Deferred taxes and other liabilities

144.2

135.9

Equity

1,082.2

1,022.6

Total Capitalization

2,823.5

2,761.4

TOTAL LIABILITIES & EQUITY

3,602.8

3,536.4

LEGGETT & PLATT

Page

of 7

August 6, 2026

SEGMENT RESULTS

SECOND QUARTER

YEAR TO DATE

(In millions)

2026

2025

Change

2026

2025

Change

Bedding Products

Trade sales

386.9

391.4

751.8

782.1

EBIT

42.1

27.2

67.8

36.8

EBIT margin

10.9

6.9

400 bps 2

9.0

4.7

430 bps 2

Restructuring, restructuring-related, and impairment charges

6.0

2.1

10.7

5.5

Gain on sale of real estate

(11.5

)

(16.7

)

(21.0

)

(16.7

)

Adjusted EBIT 3

36.6

12.6

190

57.5

25.6

125

Adjusted EBIT margin 3

9.5

3.2

630 bps

7.6

3.3

430 bps

Depreciation and amortization

13.4

13.3

25.8

26.3

Adjusted EBITDA

50.0

25.9

83.3

51.9

Adjusted EBITDA margin

12.9

6.6

630 bps

11.1

6.6

450 bps

Specialized Products

Trade sales

247.0

304.1

(19

491.1

604.2

(19

EBIT

19.2

38.7

(50

36.9

67.1

(45

EBIT margin

7.8

12.7

(490

) bps

7.5

11.1

(360

) bps

Restructuring, restructuring-related, and impairment charges

3.3

0.6

3.3

4.0

Gain on sale of real estate

—

(1.7

)

—

(1.7

)

Adjusted EBIT 3

22.5

37.6

(40

40.2

69.4

(42

Adjusted EBIT margin 3

9.1

12.4

(330

) bps

8.2

11.5

(330

) bps

Depreciation and amortization

8.5

8.2

16.6

18.6

Adjusted EBITDA

31.0

45.8

(32

56.8

88.0

(35

Adjusted EBITDA margin

12.6

15.1

(250

) bps

11.6

14.6

(300

) bps

Furniture, Flooring & Textile Products

Trade sales

365.8

362.5

675.0

693.8

EBIT

28.9

24.4

33.3

49.2

(32

EBIT margin

7.9

6.7

120 bps

4.9

7.1

(220

) bps

Restructuring, restructuring-related, and impairment charges

1.0

0.9

1.2

1.0

Gain on sale of real estate

—

(3.2

)

Adjusted EBIT 3

29.9

25.3

34.5

47.0

(27

Adjusted EBIT margin 3

8.2

7.0

120 bps

5.1

6.8

(170

) bps

Depreciation and amortization

3.7

4.6

8.0

9.5

Adjusted EBITDA

33.6

29.9

42.5

56.5

(25

Adjusted EBITDA margin

9.2

8.2

100 bps

6.3

8.1

(180

) bps

Total Company

Trade sales

999.7

1,058.0

1,917.9

2,080.1

EBIT - segments

90.2

90.3

—

138.0

153.1

(10

Intersegment eliminations and other

(10.1

)

0.1

(13.4

)

0.2

EBIT

80.1

90.4

(11

124.6

153.3

(19

EBIT margin

8.0

8.5

(50

) bps

6.5

7.4

(90

) bps

Restructuring, restructuring-related, and impairment charges

10.3

3.6

15.2

10.5

Gain on sale of real estate

(11.5

)

(18.4

)

(21.0

)

(21.6

)

Somnigroup merger costs

10.1

—

13.6

—

Adjusted EBIT 3

89.0

75.6

132.4

142.2

Adjusted EBIT margin 3

8.9

7.1

180 bps

6.9

6.8

10 bps

Depreciation and amortization - segments

25.6

26.1

50.4

54.4

Depreciation and amortization - unallocated

2.9

3.6

6.3

6.9

Adjusted EBITDA

117.5

105.3

189.1

203.5

Adjusted EBITDA margin

11.8

10.0

180 bps

9.9

9.8

10 bps

LAST SIX QUARTERS

2025

2026

Selected Figures

(In millions)

Trade sales

1,022.1

1,058.0

1,036.4

938.6

918.2

999.7

Sales growth (vs. prior year)

(11

(10

Volume growth (same locations vs. prior year)

Adjusted EBIT 3

66.6

75.6

72.8

47.9

43.4

89.0

Cash from operations

6.8

84.0

125.9

121.5

(56.1

)

45.8

Adjusted EBITDA (trailing twelve months)

404.1

405.6

395.4

385.3

358.7

370.9

(Long-term debt + current maturities - cash and equivalents) / adj. EBITDA 3,5

3.77

3.51

2.62

2.36

2.75

2.57

Organic Sales (Vs. Prior Year) 6

Bedding Products

(12

(10

Specialized Products

Furniture, Flooring & Textile Products

—

Overall

Segment and overall company margins calculated on net trade sales.

bps = basis points; a unit of measure equal to 1/100th of 1%.

Refer to next page for non-GAAP reconciliations.

Consists primarily of depreciation of non-operating assets.

EBITDA based on trailing twelve months.

Trade sales excluding sales attributable to acquisitions and divestitures consummated in the last 12 months.

LEGGETT & PLATT

Page

of 7

August 6, 2026

RECONCILIATION OF REPORTED (GAAP) TO ADJUSTED (Non-GAAP) FINANCIAL MEASURES 10

Non-GAAP Adjustments 7

2025

2026

(In millions, except per share data)

Gain on sale of Aerospace Products Group

—

(86.8

)

(4.1

)

—

Restructuring, restructuring-related, and impairment charges

6.9

3.6

4.1

21.6

4.9

10.3

Gain on sale of real estate

(3.2

)

(18.4

)

(2.5

)

(5.0

)

(9.5

)

(11.5

)

Net gain from insurance proceeds

—

(13.1

)

(21.6

)

—

Pension settlement

—

22.0

—

Somnigroup merger costs

—

3.4

3.5

10.1

Non-GAAP Adjustments (Pretax) 8

3.7

(14.8

)

(98.3

)

16.3

(1.1

)

8.9

Income tax impact

(1.3

)

3.6

9.0

(10.0

)

1.9

0.1

Special tax item 9

—

2.3

—

Non-GAAP Adjustments (After Tax)

2.4

(11.2

)

(87.0

)

6.3

0.8

9.0

Diluted shares outstanding

138.6

139.6

140.2

140.4

141.0

141.6

EPS Impact of Non-GAAP Adjustments

0.02

(0.08

)

(0.62

)

0.04

0.01

0.06

Adjusted EBIT, EBITDA, Margin, and EPS 7

2025

2026

(In millions, except per share data)

Trade sales

1,022.1

1,058.0

1,036.4

938.6

918.2

999.7

EBIT (earnings before interest and taxes)

62.9

90.4

171.1

31.6

44.5

80.1

Non-GAAP adjustments (pretax)

3.7

(14.8

)

(98.3

)

16.3

(1.1

)

8.9

Adjusted EBIT

66.6

75.6

72.8

47.9

43.4

89.0

EBIT margin

6.2

8.5

16.5

3.4

4.8

8.0

Adjusted EBIT Margin

6.5

7.1

7.0

5.1

4.7

8.9

EBIT

62.9

90.4

171.1

31.6

44.5

80.1

Depreciation and amortization

31.6

29.7

29.4

31.7

28.2

28.5

EBITDA

94.5

120.1

200.5

63.3

72.7

108.6

Non-GAAP adjustments (pretax)

3.7

(14.8

)

(98.3

)

16.3

(1.1

)

8.9

Adjusted EBITDA

98.2

105.3

102.2

79.6

71.6

117.5

EBITDA margin

9.2

11.4

19.3

6.7

7.9

10.9

Adjusted EBITDA Margin

9.6

10.0

9.9

8.5

7.8

11.8

Diluted EPS

0.22

0.38

0.91

0.18

0.14

0.33

EPS impact of non-GAAP adjustments

0.02

(0.08

)

(0.62

)

0.04

0.01

0.06

Adjusted EPS

0.24

0.30

0.29

0.22

0.15

0.39

Net Debt to Adjusted EBITDA 11

2025

2026

(In millions, except ratios)

Total debt

1,936.4

1,793.5

1,497.2

1,497.7

1,498.2

1,498.3

Less: cash and equivalents

(412.6

)

(368.8

)

(460.7

)

(587.4

)

(510.5

)

(545.8

)

Net debt

1,523.8

1,424.7

1,036.5

910.3

987.7

952.5

Adjusted EBITDA, trailing 12 months

404.1

405.6

395.4

385.3

358.7

370.9

Net Debt / 12-month Adjusted EBITDA

3.77

3.51

2.62

2.36

2.75

2.57

Aerospace Products Group

2025

2026

(In millions)

Net trade sales

53.0

50.6

28.6

—

EBIT

7.2

9.3

3.2

—

Depreciation and amortization

2.5

—

Net earnings (assuming a 25% tax rate)

5.4

7.0

2.4

—

Management and investors use these measures as supplemental information to assess operational performance.

The non-GAAP adjustments are included in the following lines of the

income statement:

2025

2026

Cost of goods sold

0.5

—

1.7

1.4

1.2

3.4

Selling & administrative expenses

1.7

—

3.6

3.5

—

Other (income) expense, net

1.5

(14.8

)

(100.0

)

11.3

(5.8

)

5.5

Total Non-GAAP Adjustments (Pretax)

3.7

(14.8

)

(98.3

)

16.3

(1.1

)

8.9

The special tax item of $2.3 in Q3 2025 is related to U.S. corporate income tax law changes.

Calculations impacted by rounding.

Management and investors use this ratio as supplemental information to assess ability to pay off debt. These

ratios are calculated differently than the Company’s credit facility covenant ratio.

GRAPHIC

Filename: g121836g0805025506629.jpg · Sequence: 6

Binary file (2295 bytes)

Download g121836g0805025506629.jpg

GRAPHIC

Filename: g121836g0805025507027.jpg · Sequence: 7

Binary file (6995 bytes)

Download g121836g0805025507027.jpg

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 9

v3.26.1

Document and Entity Information

Aug. 06, 2026

Cover [Abstract]

Entity Registrant Name

LEGGETT & PLATT INC

Amendment Flag

false

Entity Central Index Key

0000058492

Document Type

8-K

Document Period End Date

Aug. 06, 2026

Entity Incorporation State Country Code

Entity File Number

001-07845

Entity Tax Identification Number

44-0324630

Entity Address, Address Line One

1 Leggett Road

Entity Address, City or Town

Carthage

Entity Address, State or Province

Entity Address, Postal Zip Code

64836

City Area Code

417

Local Phone Number

358-8131

Written Communications

false

Soliciting Material

false

Pre Commencement Tender Offer

false

Pre Commencement Issuer Tender Offer

false

Security 12b Title

Common Stock, $.01 par value

Trading Symbol

LEG

Security Exchange Name

NYSE

Entity Emerging Growth Company

false

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Cover page.

+ References

No definition available.

+ Details

Name:

dei_CoverAbstract

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration