Leggett & Platt (LEG) Misses Q1 EPS by 10c
Leggett & Platt (NYSE: LEG) reported Q1 EPS of $0.15, $0.10 worse than the analyst estimate of $0.25. Revenue for the quarter came in at $918 million versus the consensus estimate of $949.65 million.
2026 GUIDANCE
On April 13, 2026, the Company entered into an agreement to be acquired by Somnigroup International Inc. (NYSE: SGI). The transaction is anticipated to close by year-end 2026, subject to customary closing conditions, including approval by Leggett & Platt\'s shareholders and receipt of applicable regulatory approvals. As is customary while a transaction is pending, Leggett & Platt\'s previously issued guidance for 2026 is not being updated in conjunction with this quarter\'s earnings release and should no longer be relied upon.
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