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Leggett & Platt Inc

Leggett & Platt Inc

LEG
$11.03USD↓-2.48%-0.28 today

MARKET CAP

1.5B

P/E (TTM)

11.5x

FWD P/E

10.8x

DAY RANGE

$11 – $11

52W RANGE

$8
$13

AI Summary

Stalk
StalkMedium

Medium-term directional bias remains bullish with a Stage 2 advancing structure and a series of higher highs and higher lows anchored by a rising 50 DMA. Short-term momentum has weakened, with price rejected at the 9 and 21 EMAs and a bearish RSI slope, suggesting timing is unfavorable for immediate entry. Execution should be deferred and staged into a pullback toward the 50 DMA or prior swing-low support zone. Bullish exhaustion at the July high and rising transition risk underscore the need for patience until support is confirmed.

  • ↑Restructuring delivered ~$63–70M in 2025 EBIT benefits, boosting margins.
  • ↑Net debt down from $1.9B to $1.5B, improving leverage to 2.4× EBITDA.
  • ↓2025 revenue fell 7% YoY to $4.05B, led by residential weakness.
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The case for & against

Bull & Bear analysis

Bearish

Leggett & Platt, Inc. (NYSE: LEG) operates as a diversified manufacturer specializing in engineered components and products across various industries, including bedding, automotive, furniture, flooring, and textiles. The company is facing significant market challenges, including slowing demand in residential sectors and increased competition from low-cost imports. With a focus on enhancing operational efficiencies and navigating a complex regulatory landscape, Leggett & Platt aims to improve its long-term growth potential through strategic restructuring and innovative product development.

Bull says

  • ↑Restructuring delivered ~$63–70M in 2025 EBIT benefits, boosting margins.
  • ↑Net debt down from $1.9B to $1.5B, improving leverage to 2.4× EBITDA.
  • ↑Operating cash flow rose to $338M in 2025, enhancing liquidity.
  • ↑Innovation pipeline in bedding and specialty products gaining traction.
  • ↑Dividend yield at 1.71% with potential share buybacks ahead.
  • ↑High earnings yield and strong liquidity factors support value case.

Bear says

  • ↓2025 revenue fell 7% YoY to $4.05B, led by residential weakness.
  • ↓Q4 adjusted EPS of $0.18 weighed down by restructuring costs.
  • ↓Profitability factors remain weak; growth outlook remains muted.
  • ↓Leverage stays elevated at 2.4× EBITDA amid $15–25M restructuring spend.
  • ↓Tariff uncertainty risks inflating costs and dampening consumer demand.
  • ↓Intense import competition threatens market share and margins.

Investment themes with LEG

High Dividend Yield↑ +0.32%

Companies paying above-average dividends

AVGO · JPM · XOM

Earnings Call · Q4 2024 · Mgmt. Guidance

Updated 06-30-2026neutral

Transcript signals

Bull points

  • You know our volumes there were up year over year in 24, and we anticipate that to continue being the same going forward.
  • You know our volumes there were up year over year in 24, and we anticipate that to continue being the same going forward.
  • We realized a total of $22 million of EVIT benefit, including $3 million from G&A actions we initiated in the fourth quarter, and exceeded our expectation of $10 to $15 million.

Bear points

  • The demand coming from the downstream customers of the OEMs really dropped off. That demand turned around rapidly for the OEMs. It turned around rapidly for us and really got worse throughout the year.
  • So in 24, the total major market production dropped 1.1 million units or about 1.5% versus 23. So what that means is everybody else in the world was down by about 4 million units or 7%.
  • you know, the struggles that the multinationals have faced and are facing have been well publicized, and their situations really directly impact us.
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