---
title: "Leggett & Platt Withdraws 2026 Outlook Amid Somnigroup Deal"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285538320.md"
description: "Leggett & Platt has withdrawn its 2026 outlook following a decline in first-quarter sales to $918 million, down 10% year-over-year. The company cited weaker organic demand and divestitures as contributing factors. Earnings also fell, with EBIT at $45 million and adjusted EPS at $0.15. Management noted significant demand weakness, particularly in the U.S. residential bedding market. The withdrawal of guidance is linked to its pending acquisition by Somnigroup, which aims to enhance long-term value. Current analyst rating for LEG stock is a Hold with a $12.00 price target."
datetime: "2026-05-07T11:14:50.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285538320.md)
  - [en](https://longbridge.com/en/news/285538320.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285538320.md)
---

# Leggett & Platt Withdraws 2026 Outlook Amid Somnigroup Deal

### Claim 55% Off TipRanks

-   Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
-   Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks

Leggett & Platt ( (LEG) ) has shared an update.

Leggett & Platt reported first-quarter 2026 sales of $918 million on May 7, 2026, down 10% from a year earlier, with 5% of the decline from 2025 divestitures and 5% from weaker organic demand. Earnings also softened, as EBIT fell to $45 million from $63 million and adjusted EPS slid to $0.15 from $0.24, pressured by lower volumes, the loss of divested Aerospace earnings, and margin compression in the Flooring business.

Management said results were broadly in line with expectations but highlighted significant demand weakness across most end markets, especially U.S. residential bedding, where it estimates the mattress market declined by high single to low double digits in the quarter. The company cited economic uncertainty, weather-related disruptions, and fallout from the war in Iran, including higher transport and chemical costs, and withdrew its 2026 guidance in light of its pending acquisition by long-time partner Somnigroup, which it says will support long-term strategic and financial value creation for stakeholders.

The most recent analyst rating on (LEG) stock is a Hold with a $12.00 price target. To see the full list of analyst forecasts on Leggett & Platt stock, see the LEG Stock Forecast page.

**Spark’s Take on LEG Stock**

According to Spark, TipRanks’ AI Analyst, LEG is a Neutral.

The score is held back primarily by weakening multi-year revenue trends, prior-year losses, and still-elevated leverage, partially offset by resilient cash flow and deleveraging progress. Valuation is a clear support due to the low P/E, while technical signals are mixed and guidance points to continued near-term demand headwinds. The pending acquisition adds incremental support but carries deal-closure uncertainty.

To see Spark’s full report on LEG stock, click here.

**More about Leggett & Platt**

Leggett & Platt is a diversified manufacturer serving bedding, furniture, flooring and textile, and specialized products markets, with a strong presence in U.S. residential end markets. The company supplies bedding components and adjustable beds to mattress manufacturers and retailers, and has historically emphasized innovation, quality, and long-standing customer partnerships, including with Somnigroup International.

**Average Trading Volume:** 2,483,553

**Technical Sentiment Signal:** Hold

**Current Market Cap:** $1.55B

### Related Stocks

- [LEG.US](https://longbridge.com/en/quote/LEG.US.md)
- [SGI.US](https://longbridge.com/en/quote/SGI.US.md)

## Related News & Research

- [Leggett & Platt (NYSE:LEG) Updates FY 2026 Earnings Guidance](https://longbridge.com/en/news/275779588.md)
- [Stellantis N.V. (STLA) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit](https://longbridge.com/en/news/286607688.md)
- [20:11 ETLU Deadline: LU Investors Have Opportunity to Lead Lufax Holding Ltd Securities Fraud Lawsuit First Filed by the Firm](https://longbridge.com/en/news/286979305.md)
- [22:13 ETGLOB Investors Have Opportunity to Lead Globant S.A. Securities Fraud Lawsuit](https://longbridge.com/en/news/286842370.md)
- [16:09 ETUnited Homes Group, Inc. (UHG) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit](https://longbridge.com/en/news/286813945.md)