LEGGETT & PLATT INC (LEG)
Consumer Discretionary · Diversified industrial components and systems supplier · NYSE
A diversified industrial manufacturer supplying critical components and systems to the bedding, furniture, automotive, and construction industries from its vertically integrated operations.
What LEGGETT & PLATT INC does
Leggett & Platt manufactures and supplies components and finished products across three major segments: Bedding Products (innersprings, specialty foam, adjustable beds, steel rod and drawn wire); Specialized Products (automotive comfort systems, hydraulic cylinders); and Furniture, Flooring & Textile Products (furniture mechanisms and hardware, flooring underlayment, fabric conversion). The company operates a vertically integrated supply chain with its own steel rod mill, wire drawing facilities, and machinery manufacturing to serve thousands of customers globally, including major bedding brands, furniture manufacturers, automotive OEMs, and retail chains.
Themes: ["Bedding components and innersprings","Furniture motion systems and hardware","Automotive seating comfort systems","Vertical integration and supply chain","Tariff exposure and global trade dynamics","OEM supplier relationships"]
Fundamentals
- Price$11.16 as of 2026-07-09 close
- Market cap$1.5B as of 2026-07-10
- 1-year return+10.7% as of 2026-07-09 close
- P/E6.83 as of 2026-07-10
- Net margin+5.7% as of 2026-07-10
- Gross margin+18.4% as of 2026-07-10
- ROE+23.1% as of 2026-07-10
- Debt / equity1.44 as of 2026-07-10
- Revenue growth (YoY)-8.3% as of 2026-07-10
- Revenue CAGR (3y)-7.6% SEC XBRL
- Beta0.74 as of 2026-07-10
Dividend: yield +1.8%; 1-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Customer concentration: largest customer (Somnigroup) represents ~7% of trade sales; top 10 customers account for ~31% of trade sales, creating exposure to loss of major accounts","Tariff uncertainty: exposure to Section 232 steel tariffs, IEEPA tariffs, and evolving global trade policy; ~$23 million in IEEPA tariffs paid with uncertain recoverability; further tariff changes could materially impact operations and demand","Organic sales decline: revenue growth was -8.3% year-over-year, indicating challenging demand environment across key end markets"]
Competitors & peers
- Serta Simmons Bedding (private)
- Spring Air (private)
- Tempur Sealy International (TPX)
- Steinhoff International (private/delisted)
- Sleep Number (SNBR)
- Lear Corporation (LEA)
- Adient PLC (ADNT)
- Actuant Corporation (ATU)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.