Leggett & Platt (NYSE: LEG) Q2 2026 earnings and Somnigroup merger update

Rhea-AI Filing Summary

Leggett & Platt reported second‑quarter 2026 trade sales of $999.7 million, down 6% from a year earlier, as bedding, housing‑related and automotive markets remained soft. GAAP EBIT was $80.1 million versus $90.4 million, and net earnings were $47.1 million, or $0.33 per diluted share, compared with $52.5 million, or $0.38.

On an adjusted, non‑GAAP basis, EBIT rose to $89.0 million from $75.6 million and adjusted EPS increased to $0.39 from $0.30, with adjusted EBITDA at $117.5 million and an 11.8% margin. The net debt to trailing 12‑month adjusted EBITDA ratio was 2.57x based on $370.9 million of adjusted EBITDA.

Net cash from operating activities was $45.8 million in the quarter, down from $84.0 million, and year‑to‑date operating cash flow was a use of $10.3 million. The company continues to pursue its planned merger with Somnigroup; the HSR waiting period expired in June, and closing is anticipated after remaining conditions, including Leggett & Platt shareholder approval at the August 20 special meeting and required regulatory approvals, are satisfied. Prior 2026 guidance has been withdrawn, and no conference call will be held.

Positive

• Adjusted profitability improved: second‑quarter adjusted EBIT rose to $89.0 million from $75.6 million, and adjusted EPS increased to $0.39 from $0.30, with adjusted EBIT margin expanding to 8.9% from 7.1%.

Negative

• Cash generation weakened: net cash from operating activities fell to $45.8 million from $84.0 million in the quarter, and year‑to‑date operating cash flow was a negative $10.3 million versus positive $90.8 million a year earlier.

8-K Event Classification

4 items: 2.02, 2.3, 7.01, 9.01

4 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 2.3 Item 2.3

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Trade sales: $999.7 million Net earnings: $47.1 million Diluted EPS: $0.33 +5 more

8 metrics

Trade sales $999.7 million Second quarter 2026 trade sales, a 6% decrease versus second quarter 2025

Net earnings $47.1 million Net earnings for Q2 2026 compared with $52.5 million in Q2 2025

Diluted EPS $0.33 Q2 2026 net earnings per diluted share versus $0.38 in Q2 2025

Adjusted EPS $0.39 Second quarter 2026 adjusted EPS compared with $0.30 in second quarter 2025

Adjusted EBITDA $117.5 million Total company adjusted EBITDA for Q2 2026 versus $105.3 million in Q2 2025

Net cash from operating activities $45.8 million Net cash from operating activities in Q2 2026 versus $84.0 million in Q2 2025

Net Debt / Adjusted EBITDA 2.57x Net debt to trailing 12‑month adjusted EBITDA ratio at Q2 2026 using $370.9 million adjusted EBITDA

Somnigroup merger costs $10.1 million Pre‑tax Somnigroup merger costs included in Q2 2026 non‑GAAP adjustments

Key Terms

Net Debt/Adjusted EBITDA (trailing twelve months), Adjusted EBITDA, Organic Sales, Somnigroup Merger, +2 more

6 terms

Net Debt/Adjusted EBITDA (trailing twelve months) financial

"contains the Company’s Net Debt/Adjusted EBITDA (trailing twelve months) ratio"

Adjusted EBITDA financial

"Company management believes the presentation of Adjusted EBITDA and Adjusted EBITDA Margin is useful"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

Organic Sales financial

"Organic Sales is calculated as trade sales excluding sales attributable to acquisitions and divestitures"

Organic sales are the change in a company’s revenue that comes from its existing business operations, excluding effects of acquisitions, divestitures, and currency swings. Think of it like measuring how much a garden grows from the plants you already tended, rather than adding new pots; investors use organic sales to judge whether demand and core business performance are genuinely improving or if growth is driven by one‑time deals or accounting shifts.

Somnigroup Merger financial

"Merger Sub will merge with and into Leggett (the “Somnigroup Merger”)"

HSR Antitrust Improvements Act regulatory

"the waiting period under the HSR Antitrust Improvements Act expired in June"

A U.S. law that requires companies to notify federal antitrust regulators and wait a set period before completing certain mergers, acquisitions, or asset transfers so authorities can review potential harms to competition. Think of it as a required heads-up and cooling-off period that lets regulators examine big deals. It matters to investors because the review can delay, change, or prevent transactions that affect company strategy, valuation, deal timing, and regulatory risk.

non-GAAP measures financial

"These non-GAAP measures may not be comparable to similarly titled measures used by other companies"

Financial results that companies present using formulas or adjustments different from standard accounting rules (GAAP) to highlight what management considers the business’s ongoing performance. Investors care because these figures can make trends or profitability look clearer—like showing a car’s fuel efficiency after removing unusual trips—but they can also hide one‑time costs or aggressive assumptions, so comparing them with GAAP numbers helps judge reliability.

Earnings Snapshot

Trade sales: $999.7 million · Guidance included

Quarter ended June 30, 2026

Trade sales $999.7 million Decreased 6% versus second quarter 2025

Net earnings $47.1 million Down from $52.5 million in second quarter 2025

Diluted EPS $0.33 Down from $0.38 in second quarter 2025

Adjusted EPS $0.39 Up from $0.30 in second quarter 2025

Adjusted EBITDA $117.5 million Increased from $105.3 million in second quarter 2025

Net cash from operating activities $45.8 million Decreased from $84.0 million in second quarter 2025

Guidance

Leggett & Platt’s 2026 guidance issued in February was withdrawn last quarter in connection with the pending Somnigroup transaction and should no longer be relied upon.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Understanding 8-K Material Events →

Available on EDGAR 08/06/2026 - 06:34 AM Accepted by SEC EDGAR 08/06/2026 - 06:34 AM Learn about SEC filing dates

FAQ

What were Leggett & Platt (LEG) second quarter 2026 sales and earnings?

Leggett & Platt reported Q2 2026 trade sales of $999.7 million, down 6% year over year. Net earnings were $47.1 million, or $0.33 per diluted share, compared with $52.5 million, or $0.38 per share, in Q2 2025.

How did Leggett & Platt (LEG) adjusted EPS and adjusted EBITDA perform in Q2 2026?

In Q2 2026, adjusted EPS was $0.39, up from $0.30 a year earlier. Adjusted EBITDA reached $117.5 million versus $105.3 million in Q2 2025, and the adjusted EBITDA margin improved to 11.8% from 10.0%.

What is Leggett & Platt (LEG) net debt to adjusted EBITDA ratio after Q2 2026?

At the end of Q2 2026, Leggett & Platt’s net debt to trailing 12‑month adjusted EBITDA ratio was 2.57x, based on $370.9 million of trailing 12‑month adjusted EBITDA and net debt of $952.5 million.

How did Leggett & Platt (LEG) operating cash flow change in Q2 and year-to-date 2026?

Net cash from operating activities in Q2 2026 was $45.8 million, down from $84.0 million in Q2 2025. Year‑to‑date, operating cash flow was a use of $10.3 million versus positive $90.8 million in the prior‑year period.

What is the status of Leggett & Platt (LEG) merger with Somnigroup?

Leggett & Platt continues to progress toward its planned merger with Somnigroup. The HSR Act waiting period expired in June. Closing is anticipated after remaining conditions, including shareholder approval on August 20, 2026 and required regulatory approvals, are satisfied.

How did Leggett & Platt (LEG) business segments perform in Q2 2026?

In Q2 2026, Bedding Products trade sales were $386.9 million (down 1%) with EBIT of $42.1 million. Specialized Products trade sales were $247.0 million (down 19%) with EBIT of $19.2 million, while Furniture, Flooring & Textile Products trade sales were $365.8 million (up 1%) with EBIT of $28.9 million.

Did Leggett & Platt (LEG) provide 2026 guidance or hold an earnings call for Q2 2026?

Leggett & Platt’s 2026 guidance issued in February was withdrawn last quarter in connection with the pending Somnigroup transaction and should no longer be relied upon. The company also stated it will not host a conference call for this quarter.

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.

2

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.

3

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

4

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 20^th 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%

¹  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		$	42			$	27			$	19			$	39			$	29			$	24			$	(10	)		$	—			$	80			$	90			$	.33			$	.38
Adjustment items:
Gain on sale of real estate			(11	)			(17	)			—				(2	)			—				—				—				—				(11	)			(19	)			(.06	)			(.10	)
Restructuring, restructuring-related, and impairment charges			6				2				3				1				1				1				—				—				10				4				.05				.02
Somnigroup merger costs			—				—				—				—				—				—				10				—				10				—				.07				—
Total adjustments			(5	)			(15	)			3				(1	)			1				1				10				—				9				(15	)			.06				(.08	)
Adjusted results		$	37			$	13			$	22			$	38			$	30			$	25			$	—			$	—			$	89			$	76			$	.39			$	.30

¹  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.

²  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

On 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 5 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				(6	)%		$	1,917.9			$	2,080.1				(8	)%
Cost of goods sold			796.5				865.4								1,544.0				1,697.5
Gross profit			203.2				192.6				6	%			373.9				382.6				(2	)%
Selling & administrative expenses			119.8				118.4				1	%			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				5	%
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				2	%
Trade accounts payable		$	475.5			$	466.6
Current debt maturities			1.5				1.5
Current operating lease liabilities			48.5				51.5
Other current liabilities			253.8				255.4
Total current liabilities			779.3				775.0				1	%
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				6	%
Total Capitalization			2,823.5				2,761.4				2	%
TOTAL LIABILITIES & EQUITY		$	3,602.8			$	3,536.4				2	%

LEGGETT & PLATT Page 6 of 7 August 6, 2026

SEGMENT RESULTS 1		SECOND QUARTER												YEAR TO DATE
(In millions)		2026				2025				Change				2026				2025				Change
Bedding Products
Trade sales		$	386.9			$	391.4				(1	)%		$	751.8			$	782.1				(4	)%
EBIT			42.1				27.2				55	%			67.8				36.8				84	%
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				93	%			83.3				51.9				61	%
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				1	%		$	675.0			$	693.8				(3	)%
EBIT			28.9				24.4				18	%			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				18	%			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				12	%			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				(6	)%		$	1,917.9			$	2,080.1				(8	)%
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				18	%			132.4				142.2				(7	)%
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 4			2.9				3.6								6.3				6.9
Adjusted EBITDA		$	117.5			$	105.3				12	%		$	189.1			$	203.5				(7	)%
Adjusted EBITDA margin			11.8	%			10.0	%			180 bps				9.9	%			9.8	%			10 bps

LAST SIX QUARTERS		2025																2026
Selected Figures (In millions)		1Q				2Q				3Q				4Q				1Q				2Q
Trade sales			1,022.1				1,058.0				1,036.4				938.6				918.2				999.7
Sales growth (vs. prior year)			(7	)%			(6	)%			(6	)%			(11	)%			(10	)%			(6	)%
Volume growth (same locations vs. prior year)			(5	)%			(7	)%			(6	)%			(9	)%			(9	)%			(4	)%
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) 3			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		1Q				2Q				3Q				4Q				1Q				2Q
Bedding Products			(12	)%			(10	)%			(9	)%			(10	)%			(6	)%			(1	)%
Specialized Products			(5	)%			(5	)%			(2	)%			(4	)%			(2	)%			(3	)%
Furniture, Flooring & Textile Products			(1	)%			(2	)%			—	%			(2	)%			(6	)%			1	%
Overall			(7	)%			(6	)%			(4	)%			(6	)%			(5	)%			(1	)%

¹  Segment and overall company margins calculated on net trade sales.

²  bps = basis points; a unit of measure equal to 1/100th of 1%.

³  Refer to next page for non-GAAP reconciliations.

⁴  Consists primarily of depreciation of non-operating assets.

⁵  EBITDA based on trailing twelve months.

⁶  Trade sales excluding sales attributable to acquisitions and divestitures consummated in the last 12 months.

LEGGETT & PLATT Page 7 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)		1Q				2Q				3Q				4Q				1Q				2Q
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)		1Q				2Q				3Q				4Q				1Q				2Q
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)		1Q				2Q				3Q				4Q				1Q				2Q
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)		1Q				2Q				3Q				4Q				1Q				2Q
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				—				—				—

⁷ Management and investors use these measures as supplemental information to assess operational performance.

⁸ The non-GAAP adjustments are included in the following lines of the income statement:

		2025																2026
		1Q				2Q				3Q				4Q				1Q				2Q
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

⁹  The special tax item of $2.3 in Q3 2025 is related to U.S. corporate income tax law changes.

¹⁰  Calculations impacted by rounding.

¹¹  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.

Filing Exhibits & Attachments

4 documents

Press Releases

• EX-99.1 PRESS RELEASE DATED AUGUST 6, 2026 354.1 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.1 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 16.8 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 10.6 KB