Short answer
LEGGETT & PLATT INC (LEG) filed its Q1 2026 10-Q quarterly report on May 7, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $918M (down 10.2% year over year) with net income of $20M.
Q1 2026 key financials · XBRL
- Revenue
- $918M
- −10.2% YoY
- Net income
- $20M
- −34.6% YoY
- Gross margin
- 18.6%
- EPS (diluted)
- $0.14
- −36.4% YoY
Source: XBRL data from the LEGGETT & PLATT INC (LEG) Q1 2026 10-Q on SEC EDGAR. USD.
LEGGETT & PLATT INC Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Trade sales $918M, down 10% YoY, including a 5% decrease from divestitures
- EBIT $45M vs $63M YoY; EBIT margin 4.9% vs 6.2% implied by reported sales
- Bedding Products largest segment, 40% of trade sales; Furniture, Flooring & Textile Products 34%
- Operating cash flow $(56)M, down $63M YoY; $280M Aerospace proceeds primarily reduced debt
- 2026 demand expected muted; tariff uncertainty, Middle East shipping disruptions, and higher chemical costs emerging headwinds
Risk Factors
- Newly added geopolitical risk: February 2026 U.S.-Israel-Iran conflict disrupting Strait of Hormuz shipping and petroleum-based inputs
- Merger risk updated: Fixed 0.1455 exchange ratio leaves shareholder value exposed to Somnigroup share-price volatility
- Regulatory risk: Somnigroup merger requires HSR Act clearance and other competition approvals before completion
- Near-term market risk: Helium shortage from Qatar energy-field strikes threatens semiconductor availability and Automotive Group production
- Liquidity risk: Somnigroup agreement caps combined credit-facility and commercial-paper borrowing at $150 million without consent
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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