Leggett & Platt Reports 7% Sales Decline to $4.05 Billion, Despite New $10.5 Million Stake from Towle & Co

Leggett & Platt's sales fell 7% to $4.05 bln in 2025. Despite the decline, Towle & Co initiated a new position in the company, acquiring 953,080 shares worth an estimated $10.48 mln. This move represents 2.77% of Towle's U.S. equity holdings and marks a new position for the fund. Leggett & Platt's restructuring efforts and improved balance sheet are likely contributing factors to the investment.