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Leggett & Platt

Leggett & Platt

Textile
Carthage, MO · LEG · Public
Leggett & Platt rebranded its automotive division as Leggett Dynamics, launching a smart brushless motor to pivot toward tech-driven intelligent motion and software-integrated systems. However, Q1 2026 results significantly missed estimates with a 10% sales decline and the company withdrew 2026 guidance due to a pending acquisition by Somnigroup International.

Leggett & Platt, Incorporated, founded in Carthage, Missouri, in 1883, operates as a global entity specializing in the engineering, manufacturing, and marketing of a wide array of components and finished goods. The company's operations are strategically divided into three main business units: Bedding Products, Specialized Products, and Furniture, Flooring & Textile Products. In its Bedding Products segment, Leggett & Platt supplies essential raw materials such as steel rods, drawn wires, and various foam chemicals and additives. It also produces core bedding components like innersprings and specialty foams, alongside complete private label mattresses, mattress foundations, and adjustable beds. Additionally, this division offers machinery critical for mattress production, including industrial sewing, quilting, packaging, and glue drying equipment, as well as machines for fabricating innersprings. Its extensive customer base includes industrial users of steel, mattress manufacturers, large retail and e-commerce outlets, bedding brands, mattress retailers, department stores, and home improvement centers. The Specialized Products division focuses on sophisticated industrial applications. For the automotive industry, it develops advanced mechanical and pneumatic lumbar support and massage systems, seat suspension systems, motors, actuators, and control cables. It also manufactures high-performance tubing—made from titanium, nickel, and stainless steel—along with formed tubes, complete tube assemblies, and flexible joint components vital for fluid conveyance systems, in addition to engineered hydraulic cylinders. Key clients in this sector include original equipment manufacturers (OEMs) and Tier 1 suppliers in the automotive and aerospace industries, as well as mobile equipment OEMs. Finally, the Furniture, Flooring & Textile Products segment offers a diverse portfolio. This encompasses steel mechanisms and motion hardware essential for reclining chairs, sofas, sleeper sofas, and lift chairs; various springs and seat suspension systems; and components or private label finished goods for soft seating. It also provides structural elements for chairs, such as bases, columns, backrests, casters, frames, and control devices. For flooring, the company manufactures carpet cushion and hard surface flooring underlayment, along with structural fabrics and geotextile components. This segment serves a broad spectrum of customers, including manufacturers of upholstered and office furniture, flooring retailers and distributors, contractors, landscapers, road construction companies, general retailers, government agencies, and producers of mattresses, furniture, packaging, filtration, and draperies.

Employees
17,700
Mfg Plants
4
All Facilities
5
Activity
6/10
Type
Public

LEG Stock Price

Manufacturing Plants (4)

Salzburg, AR
Salzburg, AR
Bedding components manufacturing
Dubuque, IA
Dubuque, IA
Wire and steel rod manufacturing
Monroe, NC
Monroe, NC
Bedding products manufacturing
Arcadia, OK
Arcadia, OK
Furniture and seating components manufacturing

Other Facilities (1)

Carthage, MO
Carthage, MO · hq
Global headquarters, founded 1883