LOverview
Leggett & Platt designs and manufactures a broad range of product components used in bedding, furniture, seating, homes, offices, airplanes, and automobiles, serving customers, manufacturers, and retailers worldwide. Its products are components and materials that other companies integrate into their end products, with engineering and manufacturing processes that turn concepts into physical parts. The company differentiates itself through a diversified, multi‑industry portfolio and large global reach, guided by four values: Put People First, Do the Right Thing, Do Great Work Together, and Take Ownership and Raise the Bar. Its goal is to improve comfort and function for end customers while generating strong returns for shareholders and creating jobs in communities around the world.
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About Leggett & Platt
Industries
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Carthage, TX
Founded
1883
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What believers are saying
- Somnigroup cited Leggett & Platt’s acquisition as improving supply-chain leverage on November 9, 2026.
- Second-quarter 2026 sales still reached $1.0 billion despite divestitures and restructuring.
- Management says restructuring benefits continued in 2Q 2026, supporting margins and adjusted EPS.
What critics are saying
- Leitchfield, Kentucky closes December 21, 2026, eliminating 145 jobs after consolidation.
- UK HSE fined Leggett & Platt Components Europe £80,000 on October 20, 2026.
- MedImpact’s October 18, 2025 breach exposed 61,702 employee-benefit records, inviting class-action litigation.
What makes Leggett & Platt unique
- Leggett & Platt’s 2026 merger with Somnigroup makes it a bedding supply-chain anchor.
- Its engineered components span bedding, furniture, automotive, and specialized products across global plants.
- The company’s restructuring since January 2024 simplified operations before Somnigroup closed August 26, 2026.
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Funding
Total Funding
$2.5B
Above
Industry Average
Funded Over
1 Rounds
Benefits
- Professional Development Budget
- Mentorship Program
Stock Price
Growth & Insights and Company News
6 month growth
5%1 year growth
11%2 year growth
11%Somnigroup Q3 sales rise due to L&P inclusion; Dreams sales down impacting International. Global mattress manufacturing and retail group Somnigroup International has reported a growth in sales during the third quarter. According to its latest trading update for Q3 ended 30 September 2026, total sales increased 10.8% to $2,350.8 million as compared to $2,122.6 million in the third quarter of 2025, primarily driven by the inclusion of $372.6 million of Leggett & Platt net sales for the stub period. Gross margin was 42.0% as compared to 44.9% in the third quarter of 2025, while net income decreased 7.8% to $163.5 million as compared to $177.4 million in the third quarter of 2025. Within its segments, the group said Mattress Firm net sales decreased 5.8% to $1,008.3 million as compared to $1,070.8 million in the third quarter of 2025, primarily driven by softer online sales. Leggett & Platt net sales were $372.6 million for the stub period, with $271.3 million reported in the wholesale bedding and furnishings channel and $101.3 million reported in the specialised products channel. Tempur Sealy North America net sales decreased 5.8% to $693.1 million as compared to $736.1 million in the third quarter of 2025, primarily driven by market conditions. Tempur Sealy International net sales decreased 12.3% to $276.8 million as compared to $315.7 million in the third quarter of 2025, primarily driven by decreased net sales at Dreams of 34.7% following the implementation of a new ERP system, leading to operational disruption throughout the third quarter, amid challenging market conditions. Company Chairman and CEO Scott Thompson commented: "While executing its strategy in a challenging macroeconomic environment, Big Furniture Group delivered strong third-quarter GAAP EPS and record adjusted EPS, reflecting the resilience of its business and its global team. During the quarter, Big Furniture Group completed the Leggett & Platt acquisition, improving its leverage, enhancing its supply chain and accelerating product development. "We also invested in our brand portfolio, with upcoming launches to support retail partners and reinforce our global leadership. We believe these actions enhance our competitive position and provide a solid foundation for long-term value creation."
Leggett & Platt lifts Somnigroup Q3 sales to $2.35B as profits fall. Sheila Long O'Mara// Executive Editor, Furniture Today//November 9, 2026 Dallas - Somnigroup International reported record third-quarter net sales of $2.35 billion, fueled by its acquisition of Leggett & Platt, even as revenue declined across its Mattress Firm, Tempur Sealy North America and international businesses. The bedding giant reported a 10.8% increase in consolidated net sales for the quarter ended Sept. 30, up from $2.12 billion in the comparable quarter last year. The results included $372.6 million in sales from Leggett & Platt, which Somnigroup acquired in August. Excluding the acquired company's contribution, Somnigroup's quarterly revenue would have totaled approximately $1.98 billion, down 6.8% from the prior year quarter. Net income declined 7.8% to $163.5 million, or 74 cents per diluted share, compared with $177.4 million, or 83 cents per diluted share, in the year-earlier quarter. Adjusted net income increased 13.7% to a record $228.9 million, while adjusted earnings per diluted share rose 9.5% to $1.04, up from 95 cents last year. Operating income fell 5.5% to $297.4 million from $314.7 million, primarily reflecting costs associated with the Leggett & Platt acquisition. Adjusted operating income increased 6% to $364.2 million. Gross margin narrowed to 42% from 44.9% a year earlier. "While executing our strategy in a challenging macroeconomic environment, we delivered strong third-quarter GAAP EPS and record adjusted EPS, reflecting the resilience of our business and our global team," said Scott Thompson, chairman and CEO. Thompson said the Leggett & Platt acquisition strengthened Somnigroup's supply chain, improved its leverage position and accelerated product development. Mattress Firm, Somnigroup's largest business segment by revenue, reported third-quarter sales of $1.01 billion, down 5.8% from $1.07 billion a year earlier. The company attributed the decline primarily to softer online sales. Same-store sales also declined slightly compared with the prior-year quarter. Despite the sales decrease, Mattress Firm's operating margin improved to 9.4% from 7.6%, while its adjusted operating margin increased to 9.6% from 9.4%, attributable to cooperative advertising expenses, partially offset by lower adjusted gross margin. Tempur Sealy North America reported net sales of $693.1 million, a 5.8% decline from $736.1 million in the third quarter of 2025. Wholesale bedding and furnishings sales fell 7.2% to $581.5 million, while direct bedding sales increased 1.7% to $111.6 million. Despite the revenue decline, the segment's gross margin climbed to 64.7% from 58.4%, benefiting from tariff refunds and cost synergies associated with the Mattress Firm acquisition. Inflation partially offset those gains. Operating margin improved to 33.2% from 29.1% a year earlier. Somnigroup's international business recorded the steepest sales decline among its established segments, with revenue falling 12.3% to $276.8 million from $315.7 million. The decline was driven largely by a 34.7% drop in sales at Dreams, the company's United Kingdom-based mattress retailer, following the implementation of a new enterprise resource planning system that disrupted operations throughout the quarter. The company said its international business excluding Dreams grew at a high-single-digit rate. International operating margin fell to 9.4% from 18.1%, reflecting lower gross margin and reduced operating leverage. Leggett & Platt contributed $372.6 million in sales for the period from Aug. 26 through Sept. 30, marking its first appearance in Somnigroup's consolidated financial results. Of that total, $271.3 million was recorded in the wholesale bedding and furnishings channel, while $101.3 million came from specialized products. The acquired business reported a gross margin of 17.7% and an operating margin of 5.6%. On an adjusted basis, gross margin was 21.9% and operating margin was 11%. Somnigroup's corporate operating expenses increased to $74.2 million from $37.9 million, primarily because of acquisition-related costs. Looking ahead, Somnigroup lowered its full-year 2026 adjusted earnings guidance to a range of $2.85 to $2.95 per diluted share, down from its earlier outlook of $3 to $3.40. The company said the midpoint of its revised range represents approximately 7% growth over adjusted earnings per share in 2025. Somnigroup ended the quarter with $5.6 billion in total debt. Its leverage ratio, based on consolidated indebtedness less netted cash to adjusted earnings before interest, taxes, depreciation and amortization, was 2.69 times, compared with 3.28 times a year earlier. The company also declared a quarterly cash dividend of 17 cents per share, payable Dec. 7 to shareholders of record Nov. 23.
Bed springs company fined after worker injured in warehouse collision. CCTV has captured the moment a young worker was injured when the ride-on pallet truck he was using collided with a fork lift truck in a warehouse in Yorkshire. Bed spring manufacturer Leggett & Platt Components Europe Limited has been fined after Charlie O'Dowd was injured in the incident at its Long Royd warehouse in Barnsley on 14 November 2024. The then 20-year-old had been using a ride-on pallet truck during the installation of new automated machinery within the warehouse. However, his truck, which was unguarded, collided with a fork lift truck being driven by another employee, resulting in multiple fractures to his foot, as well as longer term nerve damage. An investigation by the Health and Safety Executive (HSE) found that the company had made changes to its workplace transport routes to accommodate the installation works taking place. However, these changes meant that both ride-on pallet trucks and fork lift trucks were required to use the same routes, within what was a busy stock loading area. Visibility was limited and vehicle movements had increased. The HSE investigation concluded that the company had focused on the installation of the new machinery but had failed to adequately consider the impact that significant changes to workplace transport arrangements would have on worker safety. The changes to vehicle routes had not been properly risk assessed before being implemented. Every year, there are accidents involving transport in the workplace, some of which result in people being killed. HSE guidance explains what should be done to keep workers safe - Introduction to workplace transport safety - HSE. Leggett & Platt Components Europe Limited, pleaded guilty to a breach of Section 2(1) of the Health & Safey at Work etc. Act 1974 in relation to the safe use of workplace transport within the warehouse. The company was fined £80,000 and ordered to pay full costs of £3,374 at Leeds Magistrates Court on 20 October 2026. HSE Inspector Chris Parker said: "This case highlights the importance of carefully assessing the wider safety implications of any changes made within a workplace, even where those changes may be temporary. "When workplace transport routes are altered, employers must ensure that the risks created by those changes are properly assessed and controlled before they are introduced. Had suitable planning and risk assessment been carried out, this incident could have been prevented." This HSE prosecution was brought by HSE enforcement lawyer Julian White and paralegal officer Zara Salman and advocacy undertaken by enforcement lawyer Arfaq Nabi.
CCTV captures moment worker was injured in warehouse collision. Charlie O'Dowd was on a ride-on pallet truck which collided with a fork lift truck. Bed springs company fined after worker injured in warehouse collision This is the moment a young warehouse worker was injured when the ride-on pallet truck he was using collided with a fork lift truck. Ask Birmingham Live anything Ask This Article DeeperDive AI Article continues below Charlie O'Dowd suffered multiple fractures to his foot following the incident on November 14, 2024. Article continues below He'd been using the ride-on pallet truck during the installation of new automated machinery within the warehouse in Barnsley, Yorkshire. Article continues below Charlie, who was 20 at the time, also suffered longer-term nerve damage after his truck, which was unguarded, collided with the fork lift truck being driven by another employee. The Health and Safety Executive (HSE) found bed spring manufacturer, Leggett & Platt Components Europe Limited, had made changes to its workplace transport routes to accommodate the installation works taking place. Article continues below We use your sign-up to provide content in ways you've consented to and improve our understanding of you. This may include adverts from us and third parties based on our knowledge of you. More info These changes meant that both ride-on pallet trucks and fork lift trucks were required to use the same routes within a busy stock loading area where visibility was limited. The HSE investigation concluded that the company had focused on the installation of the new machinery but failed to adequately consider the impact significant changes to workplace transport arrangements would have on worker safety. According to the HSE, changes to vehicle routes had not been properly risk assessed before being implemented. Following the incident at the Long Royd warehouse, Leggett & Platt Components Europe Limited pleaded guilty to a breach of Section 2(1) of the Health & Safety at Work etc. Act 1974 in relation to the safe use of workplace transport within the warehouse. During a hearing at Leeds Magistrates' Court on October 20, the company was fined £80,000 and ordered to pay costs of £3,374. Article continues below HSE Inspector Chris Parker said: "This case highlights the importance of carefully assessing the wider safety implications of any changes made within a workplace, even where those changes may be temporary. "When workplace transport routes are altered, employers must ensure that the risks created by those changes are properly assessed and controlled before they are introduced. Article continues below "Had suitable planning and risk assessment been carried out, this incident could have been prevented."
Leggett Dynamics's Mid-Class Massage System wins Gasgoo's Best Technical Practice Award. BREAKTHROUGH INNOVATION BRINGS AFFORDABLE LUXURY & COMFORT TO MAINSTREAM VEHICLES SHANGHAI, CHINA, October 23, 2026 (Newswire.com) - Leggett Dynamics today announced that its Mid-Class Massage System (MCM) received Gasgoo's Best Technical Practice Award during a ceremony held at the 14th annual Automotive & Environment Innovation Forum in Shanghai. The Gasgoo Best Technical Practice Award honors automotive technologies that have proven innovation, production readiness and measurable customer value in real-world vehicle applications. The judging panel cited MCM's innovation that achieves affordable, premium-level comfort for mid-class vehicle programs. About Leggett Dynamics' Mid-Class Massage System Leggett Dynamics' MCM is a comfort innovation that expands premium massage technology beyond the luxury vehicle segment. Already in serial production with a leading global OEM and generating strong interest from multiple global automakers, the innovation delivers a premium massage experience while reducing system cost and complexity through the intelligent use of precisely directed airflow. "Gasgoo's recognition reflects Leggett Dynamics' commitment to innovation that brings comfort to everyone, everywhere, every day. Our Mid-Class Massage System helps automakers deliver the premium comfort consumers want in a solution that is simpler, more affordable and scalable," said Julien Rea, Vice President of Innovation and Engineering at Leggett Dynamics. "The future of mobility will be shaped by innovations that make premium, consumer experiences more affordable and easy for automakers to integrate and scale. This is where we see the greatest opportunities to drive meaningful impact." Further validating its industry impact, the Mid-Class Massage System is a finalist for the 2026 Automotive News PACE Awards, a globally recognized benchmark for automotive innovation. Award winners will be announced on November 17, 2026 in Novi, Michigan. About Leggett Dynamics Leggett Dynamics is the brand representing the automotive businesses of Leggett & Platt, Incorporated. Under the Leggett Dynamics brand, these businesses deliver eMotion and Comfort solutions for automotive seating, liftgates, doors, sunroofs and more. Leggett Dynamics businesses operate globally, with a footprint spanning 28 locations across 12 countries and employing more than 6,200 people, with key locations in Detroit, Nuremberg and Shanghai. As a strategic partner to more than 140 customers worldwide, Leggett Dynamics offers a Comfort Systems Platform (massage, lumbar, bolster and suspension), Motion Systems Platform (motors, actuators and cables), Software & Integration Platform and Innovation Services, including advanced engineering co-development and human factors studies. Leggett Dynamics is a brand within Leggett & Platt, Inc., a wholly owned subsidiary of Somnigroup International Inc. (NYSE:SGI), and a manufacturer of residential, industrial and furniture products that has been engineering comfort for over 140 years across the places where people sleep, work, live and move. Media Contacts Liwen Tao Manager of AP Branding, Marketing & Communications Leggett Dynamics Email: [email protected] Allison Vincent Director of Global Branding, Marketing & Communications Leggett Dynamics Email: [email protected] Phone: +1 313.847.6331
Leggett & Platt is Hiring for 134 Jobs on Simplify!
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About Leggett & Platt
Industries
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Carthage, TX
Founded
1883
Leggett & Platt is Hiring for 134 Jobs on Simplify!
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs