LEG Stock Forecast & Price Target

Leggett & Platt Inc has demonstrated a positive financial trajectory, highlighted by a 210 basis point increase in adjusted EBITDA margin to 9.9%, driven by effective restructuring initiatives. The company has reaffirmed its 2025 EBIT margin guidance, anticipating an increase of 10 basis points to a range of 6.5% to 6.9%, indicating confidence in future performance. Furthermore, sequential sales improvements in its Bedding Products segment and expanding EBIT margins in Specialized Products underscore the firm’s resilience and ability to navigate market challenges, reinforcing a constructive outlook.

Leggett & Platt Inc has maintained its 2025 sales outlook while adjusting the total volume decline expectations to a range slightly lower than previously anticipated, reflecting ongoing market challenges. The company's Bedding segment reported a significant 10% year-over-year sales decline, with volumes dropping 13%, partially offset by price increases, highlighting continuing weakness in major product categories such as Adjustable and Specialty Foam. Additionally, the Specialized Products segment experienced a 7% decline in revenues, exacerbated by falling volumes and lower demand in the lower- and mid-tier furniture sectors, putting pressure on future performance expectations.