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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Leggett & Platt
Leggett & Platt (LEG) investor relations material
Leggett & Platt Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary6 Aug, 2026
Executive summary
Entered into an all-stock merger agreement with Somnigroup; shareholder vote scheduled for August 20, 2026; transaction expected to close upon regulatory and shareholder approval.
Second quarter 2026 sales were $1.0 billion, down 6% year-over-year, with a 5% decline from divestitures.
Adjusted EPS for Q2 2026 was $0.39, up $0.09 from adjusted Q2 2025 EPS, aided by non-recurring favorable items.
EBIT for Q2 2026 was $80 million, down $10 million from Q2 2025; six-month EBIT was $125 million, down $29 million year-over-year.
Operating cash flow for the first six months was $(10) million, a decrease of $101 million year-over-year.
Financial highlights
Q2 2026 trade sales: $999.7 million (down 6% year-over-year); six months: $1.92 billion (down 8%).
Adjusted EBIT increased to $89 million from $76 million in Q2 2025; adjusted EBIT margin rose to 8.9% from 7.1%.
Net earnings for Q2 2026: $47.1 million; six months: $67.1 million.
Operating cash flow was $46 million in Q2 2026, down $38 million year-over-year due to higher working capital and lower earnings.
Declared quarterly dividend of $0.05 per share.
Outlook and guidance
Anticipates muted demand for the remainder of 2026 due to macroeconomic and industry uncertainties.
2026 guidance was withdrawn due to the pending merger; no conference call will be held.
Full-year effective tax rate expected to be approximately 31%.
Capital expenditures for 2026 expected to be about $100 million.
Minimal acquisition activity expected for the remainder of 2026.
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Latest events from Leggett & Platt
- Shareholders are asked to approve a premium merger with Somnigroup, with Board support.LEG
Proxy filing - Q1 2026 sales and earnings fell, guidance withdrawn, and merger and market risks increased.LEGQ1 2026
- $2.5B all-stock acquisition expands global reach and targets $50M in annual synergies.LEGM&A announcement
- Shareholders will vote virtually on directors, auditor, compensation, and stock plan amendments.LEGProxy filing
- Director elections, auditor ratification, and executive pay up for vote at 2026 annual meeting.LEGProxy filing
- Virtual annual meeting to vote on directors, auditor, executive pay, and stock plan amendments.LEGProxy filing
- 2026 guidance expects lower sales but higher margins and continued deleveraging.LEGQ4 2025
- Q2 loss driven by $675M impairment, lower sales, and accelerated restructuring.LEGQ2 2024
- 2024 saw lower sales and earnings, but restructuring improved margins and reduced debt.LEGQ4 2024
Next Leggett & Platt earnings date
Q3 20263 Nov, 2026
Leggett & Platt
Next Leggett & Platt earnings date
Q3 20263 Nov, 2026
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Frequently asked questions
Leggett & Platt, Incorporated Leggett & Platt designs, manufactures and sells engineered components and products worldwide. It operates through three segments: Bed Products, Specialized Products and Furniture and Flooring Products. The Bed Products segment includes steel and aluminum bed frames, box springs, innerspring units, adjustable bed bases, wire forms and upholstered bedding components. The Specialized Product segment includes work furniture products, such as height-adjustable desks for corporate environments; precision die castings for automotive markets; a range of businesses including compression spring products for aerospace industries; specialty wire products for distributor customers; hardened gears for power train applications. The Furniture and Flooring Products segment offers floor covering underlayment materials; foam systems for the furniture industry; carpet cushion and padding. The company was founded by J.P. Leggett and C.B. Platt on July 14, 1883 and is headquartered in Carthage, MO.