Leggett & Platt Inc

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.