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Leggett & Platt (LEG)
NYSE:LEG
Earnings Data
Report Date
May 04, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.25Last Year’s EPS
0.24Same Quarter Last Year
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a balanced picture: strong execution on restructuring, meaningful deleveraging, improved cash flow and operational progress across products and geographies are offset by continued revenue declines, persistent weakness in residential end-markets (particularly Bedding), supply-chain and segment-specific headwinds, and conservative 2026 top-line guidance. Management emphasizes margin and balance-sheet priorities while acknowledging demand uncertainty.Company Guidance
Restructuring Delivered Greater-Than-Expected Benefit
Completed 2024–2025 restructuring with ~ $63 million of EBIT benefit flowing in 2025 and an expected ~$5 million in 2026 for a ~$70 million EBIT run-rate; total restructuring cost ~ $80 million (about half noncash).
Balance Sheet Strengthened and Deleveraging Progress
Used Aerospace divestiture proceeds, cash from operations and real estate sales to reduce debt by $376 million in 2025; net debt to adjusted EBITDA improved from 3.8x to 2.4x, moving meaningfully closer to 2.0x target.
Improved Cash Generation and Working Capital
Operating cash flow was $338 million in 2025, up $33 million versus 2024; adjusted working capital was 11.6% of annualized sales, down 140 basis points year-over-year; company expects to prioritize net debt reduction with excess cash flow in 2026.
Q4 and Full-Year Adjusted Earnings Performance
Fourth quarter adjusted EBIT was $48 million and adjusted EPS was $0.22 (up 5% vs. Q4 2024 adjusted EPS $0.21). Full-year adjusted EBIT was $263 million (down $4 million vs. 2024) and adjusted EPS was $1.05, essentially flat year-over-year.
Portfolio Simplification and Strategic Progress
Divested Aerospace in Q3 2025; progress in semi-finished bedding products (Eco-Base, pre-foam-encased ComfortCore), Specialty Foam customer diversification, Automotive innovation pipeline, launch of Home Furniture facility in Vietnam, and expansion into medical nonwovens and retail growth for Geo Components.
Guidance Reflects Focus on Margin and Efficiency
2026 adjusted EPS guided to $1.00–$1.20 and adjusted EBIT margin guided to 6.3%–7.0%; company expects inflation and currency to add low-single-digit sales benefit and plans to reinvest and pursue small strategic acquisitions while prioritizing deleveraging.
Real Estate and Other One-Time Cash Benefits
Expect $70–$80 million of real estate sale proceeds (about $48 million realized in 2025) and a projected $0.11–$0.25 per share gain from real estate in 2026 guidance assumptions.
LEG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
LEG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 11, 2026 | $12.40 | $11.45 | -7.66% |
Oct 27, 2025 | $9.14 | $10.54 | +15.36% |
Jul 31, 2025 | $9.46 | $8.00 | -15.39% |
Apr 28, 2025 | $7.16 | $9.43 | +31.63% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Leggett & Platt (LEG) report earnings?
Leggett & Platt (LEG) is schdueled to report earning on May 04, 2026, After Close (Confirmed).
What is Leggett & Platt (LEG) earnings time?
Leggett & Platt (LEG) earnings time is at May 04, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LEG EPS forecast?
LEG EPS forecast for the fiscal quarter 2026 (Q1) is 0.25.