Leggett & Platt's profits fall by 10% in Q2

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Carthage-based manufacturer Leggett & Platt Inc. (NYSE: LEG) reported a roughly 10% drop in second-quarter earnings.

The company's net income was $47.1 million, down from $52.5 million in second-quarter 2025, according to a news release. Diluted share earnings of 33 cents dropped from 38 cents year over year.

Top-line trade sales were down roughly 6% to $999.7 million from $1.1 billion a year earlier.

"Our employees remained focused on disciplined execution and cost management which, along with favorable items that we do not expect to repeat in future quarters, contributed to improved adjusted earnings," President and CEO Karl Glassman said in the release. "As we look forward, we remain focused on executing our strategic priorities while expecting ongoing macroeconomic headwinds to temper consumer demand across most of our businesses for the remainder of the year."

As of June 30, Leggett & Platt had $3.6 billion in assets.

LEG shares were trading at $9.74 as of 10:25 a.m., compared with a 52-week range of $8.32 to $13 per share.