Full-Time
Posted on 10/31/2025
Designs and manufactures bedding, furniture components
No salary listed
Tupelo, MS, USA
In Person
Daily regional travel with minimal overnight travel (about one week per quarter).
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Leggett & Platt designs and manufactures a broad range of product components for bedding, furniture, seating, homes, offices, airplanes, and automobiles. It creates the parts and materials that other companies integrate into their products, turning design concepts into physical components used to improve comfort and function. The company differentiates itself with a diversified, multi-industry portfolio and global scale as a supplier, guided by its four values: Put People First, Do the Right Thing, Do Great Work Together, and Take Ownership and Raise the Bar. Its goal is to enhance people’s lives by improving comfort and function while delivering strong returns for shareholders and providing jobs in communities around the world.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Carthage, Texas
Founded
1883
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Professional Development Budget
Mentorship Program
The Investor Relations website contains information about Leggett & Platt's business for stockholders, potential investors, and financial analysts.
Somnigroup has acquired component manufacturer Leggett & Platt in an all-stock transaction valued at $2.5 billion. The deal consolidates months of effort by Somnigroup to purchase one of the main suppliers for its sleep products empire. The acquisition strengthens Somnigroup's position in the bedding industry by bringing key manufacturing capabilities in-house.
EPAM Systems, a digital engineering and AI transformation services provider founded in 1993, could be an overlooked opportunity despite Wall Street's bearish sentiment. The company generates $5.30 billion in revenue, allowing it to spread fixed costs efficiently, and demonstrates strong free cash flow generation. However, two stocks face legitimate challenges. Ralph Lauren trades at 23x forward P/E but shows weak constant currency growth and an operating margin of 13.1% below industry averages. Its free cash flow margin of 11.3% limits capital allocation flexibility. Leggett & Platt, a diversified manufacturer founded in 1883, has recorded flat sales over five years and a weak free cash flow margin of 6.1%. Eroding returns on capital suggest management's recent investments are destroying value.
Somnigroup (SGI) has announced an all-stock offer to acquire Leggett & Platt for $12 per share. This move is part of Somnigroup's strategy to enhance sourcing transparency and cost efficiencies amid challenging demand for U.S. produced bedding. Jefferies maintains a Hold rating on Somnigroup with a price target of $86. Leggett & Platt has confirmed the unsolicited proposal.
Why did Leggett & Platt stock surge 10% pre-market today? An acquisition proposal from Somnigroup International aims to keep Leggett & Platt operating under its own management while integrating it into a larger enterprise. * Under the plan, Leggett & Platt investors would receive Somnigroup shares valued at $12.00 per LEG share. * The proposal was delivered to the Leggett & Platt Board in a letter. * Somnigroup has asked LEG's board to respond by December 22. Somnigroup International Inc. (SGI) announced a formal proposal to acquire Leggett & Platt Inc. (LEG) through an all-stock deal that would exchange each LEG share for SGI stock valued at $12.00. The proposal aims to keep Leggett & Platt operating under its own management while integrating it into a larger enterprise. Deal terms and premium. Under the plan, Leggett & Platt investors would receive Somnigroup shares valued at $12.00 per LEG share, based on a yet-to-be-finalized exchange ratio. This represents a roughly 30.3% premium over LEG's average closing price over the previous 30 trading days. Following the announcement, Leggett & Platt's stock traded over 10% higher in Monday's premarket. The proposal was delivered to the Leggett & Platt Board in a letter on Dec. 1, 2025. On Stocktwits, retail sentiment around the stock jumped to 'bullish' from 'bearish' territory the previous day, and message volume improved to 'high' from 'normal' levels in 24 hours. Why Somnigroup thinks it works. Somnigroup stated in the letter that the all-stock structure gives LEG shareholders a tax-efficient path to share in long-term value creation from the combined entity. The companies have collaborated commercially for years, and combining Leggett & Platt's manufacturing capabilities with Somnigroup's broader distribution network is expected to create greater strategic efficiency and scale. "Leggett & Platt has been an important supplier to our Company for many years." - Scott Thompson, Chairman and CEO, Somnigroup The proposal comes with unanimous backing from Somnigroup's board. Somnigroup has asked LEG's board to respond by December 22, 2025. LEG stock has gained over 6% in 2025 but declined over 19% in the last 12 months. For updates and corrections, email newsroom[at]stocktwits[dot]com.