LEGGETT & PLATT INC
Business
Leggett & Platt is an international diversified manufacturer that designs and produces engineered components and finished products for bedding, furniture, automotive, and specialized industrial applications. The company operates vertically integrated steel rod mills and wire drawing facilities supplying its own innerspring, foam, and component manufacturing operations, and also sells to external trade customers. It serves bedding manufacturers, furniture makers, automotive OEMs and Tier 1 suppliers, and flooring and construction markets through three reportable segments organized into six business groups across 104 manufacturing facilities in 18 countries.
Summary from 10-K filed 2026-02-26
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net trade sales | 4,055 | 4,384 | 4,725 | 5,147 | 5,073 | |
| Cost of goods sold | 3,311 | 3,635 | 3,872 | 4,170 | 4,034 | |
| Gross profit | 744 | 749 | 854 | 977 | 1,038 | |
| Selling and administrative expenses | 488 | 509 | 465 | 427 | 422 | |
| Amortization of intangibles | 16 | 22 | 69 | 67 | 68 | |
| Goodwill impairment | 0 | 676 | 0 | 0 | — | |
| Long-lived asset impairment | 19 | 6 | 444 | 0 | — | |
| Gain on sale of Aerospace Products Group | −91 | 0 | 0 | — | — | |
| Net gain on disposal of assets and businesses | −64 | −36 | −20 | — | — | |
| Pension settlement | 22 | 700,000 | 0 | — | — | |
| Other (income) expense, net | −2 | 800,000 | −14 | 200,000 | −18 | |
| Earnings (loss) before interest and income taxes | 356 | −430 | −90 | 485 | 596 | |
| Interest expense | 73 | 86 | 88 | 86 | 77 | |
| Interest income | 7 | 7 | 5 | 4 | 3 | |
| Earnings (loss) before income taxes | 290 | −509 | −173 | 404 | 522 | |
| Income taxes | 54 | 2 | −37 | 94 | 120 | |
| Net earnings (loss) | 235 | −511 | −137 | 310 | 403 | |
| Earnings attributable to noncontrolling interest, net of tax | 0 | −100,000 | 0 | −100,000 | −200,000 | |
| Net earnings (loss) attributable to Leggett & Platt, Inc. common shareholders | 235 | −512 | −137 | 310 | 402 | |
| Basic (in dollars per share) | 1.7 | −3.73 | −1 | 2.28 | 2.95 | |
| Diluted (in dollars per share) | 1.69 | −3.73 | −1 | 2.27 | 2.94 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 587 | 350 | 366 | 317 | 362 | |
| Trade receivables, net | 434 | 503 | 565 | 609 | 620 | |
| Other receivables, net | 42 | 56 | 72 | 66 | 32 | |
| Inventories | 623 | 723 | 820 | 908 | 993 | |
| Prepaid expenses and other current assets | 58 | 58 | 59 | 59 | 59 | |
| Total current assets | 1,744 | 1,691 | 1,881 | 1,958 | 2,065 | |
| Machinery and equipment | 1,440 | 1,466 | 1,488 | 1,434 | 1,435 | |
| Buildings and other | 752 | 781 | 820 | 791 | 772 | |
| Land | 37 | 39 | 43 | 44 | 44 | |
| Total property, plant and equipment | 2,229 | 2,286 | 2,351 | 2,269 | 2,251 | |
| Less accumulated depreciation | 1,565 | 1,562 | 1,570 | 1,496 | 1,470 | |
| Net property, plant and equipment | 664 | 724 | 781 | 772 | 782 | |
| Goodwill | 751 | 794 | 1,490 | 1,474 | 1,450 | |
| Other intangibles, net | 91 | 140 | 168 | 675 | 708 | |
| Operating lease right-of-use assets | 138 | 176 | 193 | 195 | 193 | |
| Other noncurrent assets | 148 | 136 | 121 | 111 | 111 | |
| Total other assets | 1,129 | 1,247 | 1,972 | 2,456 | — | |
| TOTAL ASSETS | 3,536 | 3,662 | 4,635 | 5,186 | 5,307 | |
| Current maturities of long-term debt and short-term debt | 2 | 1 | 308 | 9 | — | |
| Current portion of operating lease liabilities | 52 | 53 | 57 | 50 | 45 | |
| Accounts payable | 467 | 498 | 536 | 518 | 614 | |
| Accrued expenses | 227 | 242 | 257 | 262 | 285 | |
| Other current liabilities | 28 | 52 | 104 | 129 | 92 | |
| Total current liabilities | 775 | 846 | 1,263 | 968 | 1,336 | |
| Long-term debt | 1,496 | 1,863 | 1,680 | 2,074 | 1,790 | |
| Operating lease liabilities | 107 | 131 | 151 | 154 | 153 | |
| Other long-term liabilities | 83 | 82 | 107 | 126 | 163 | |
| Deferred income taxes | 53 | 49 | 101 | 223 | 217 | |
| Total long-term liabilities | 1,739 | 2,125 | 2,038 | 2,577 | 2,323 | |
| Commitments and Contingencies | — | — | — | — | — | |
| Common stockauthorized, 600.0 shares of $.01 par value; 198.8 shares issued; Preferred stockauthorized, 100.0 shares; none issued | 2 | 2 | 2 | — | — | |
| Additional contributed capital | 550 | 569 | 576 | 569 | 558 | |
| Retained earnings | 2,272 | 2,065 | 2,661 | 3,046 | 2,973 | |
| Accumulated other comprehensive loss | −9 | −116 | −44 | −94 | −38 | |
| Less treasury stockat cost (63.3 and 64.4 shares at December 31, 2025 and 2024, respectively) | −1,793 | −1,830 | −1,862 | −1,882 | −1,847 | |
| Total Leggett & Platt, Inc. equity | 1,022 | 689 | 1,333 | 1,641 | 1,648 | |
| Noncontrolling interest | 500,000 | 800,000 | 700,000 | 700,000 | 600,000 | |
| Total equity | 1,023 | 690 | 1,334 | 1,641 | 1,649 | |
| TOTAL LIABILITIES AND EQUITY | 3,536 | 3,662 | 4,635 | 5,186 | 5,307 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation | 105 | 112 | 109 | 110 | 117 | |
| Amortization of intangibles and supply agreements | 18 | 24 | 71 | 70 | 71 | |
| Increase (decrease) in provision for losses on accounts receivable | 7 | 6 | −7 | 3 | −3 | |
| Write-down of inventories | 13 | 36 | 9 | 17 | 14 | |
| Deferred income tax benefit | −20 | −58 | −129 | −16 | −9 | |
| Stock-based compensation | 20 | 27 | 28 | 30 | 34 | |
| Pension expense (income), net of contributions | 18 | 1 | −2 | −2 | 1 | |
| Other, net | −4 | −7 | 16 | −3 | 12 | |
| Accounts and other receivables | 85 | 43 | 49 | −27 | −75 | |
| Inventories | 35 | 45 | 87 | 96 | −305 | |
| Other current assets | −5 | 4 | 4 | −4 | −7 | |
| Accounts payable | −28 | −28 | 14 | −102 | 64 | |
| Accrued expenses and other current liabilities | −4 | −33 | −37 | −42 | −14 | |
| Net Cash Provided by Operating Activities | 338 | 306 | 497 | 441 | 271 | |
| Additions to property, plant and equipment | −57 | −82 | −114 | −100 | −107 | |
| Proceeds from disposal of Aerospace Products Group | 276 | 0 | 0 | — | — | |
| Proceeds from disposals of assets and businesses | 74 | 47 | 23 | — | — | |
| Other, net | 0 | −2 | −900,000 | −2 | −6 | |
| Net Cash Provided by (Used for) Investing Activities | 293 | −37 | −91 | −181 | −226 | |
| Additions to long-term debt | 0 | 0 | 700,000 | 5 | 493 | |
| Payments on long-term debt | −100,000 | −300 | −2 | −302 | −307 | |
| Change in commercial paper and short-term debt | — | 174 | — | 302 | — | |
| Change in commercial paper and short-term debt | −376 | — | −106 | — | −1 | |
| Dividends paid | −27 | −136 | −239 | −229 | −218 | |
| Purchases of common stock | −2 | −5 | −6 | −60 | −10 | |
| Other, net | −8 | −3 | −6 | −2 | −3 | |
| Net Cash Used for Financing Activities | −413 | −270 | −359 | −286 | −33 | |
| Effect of Exchange Rate Changes on Cash | 19 | −14 | 2 | −19 | 500,000 | |
| Increase (Decrease) in Cash and Cash Equivalents | 237 | −15 | 49 | −45 | 13 | |
| Interest paid (net of amounts capitalized) | 70 | 85 | 86 | 84 | 67 | |
| Property, plant and equipment acquired through finance leases | 2 | 1 | 1 | 1 | 2 | |
| Capital expenditures in accounts payable | 4 | 5 | 3 | 4 | 4 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is LEGGETT & PLATT INC's CIK number?
LEGGETT & PLATT INC's SEC CIK number is 0000058492 (58492). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find LEGGETT & PLATT INC's SEC filings?
All of LEGGETT & PLATT INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did LEGGETT & PLATT INC last report earnings?
LEGGETT & PLATT INC (LEG) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-210226). This is LEGGETT & PLATT INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is LEGGETT & PLATT INC's most recent earnings 8-K?
LEGGETT & PLATT INC's latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001193125-26-210226. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View LEGGETT & PLATT INC's latest earnings 8-K →
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