Leggett & Platt Sales Down 7% to $4.05 Billion Despite Towle & Co's $10.5 Million Stake

Towle & Co established a new position in Leggett & Platt, acquiring 953,080 shares worth $10.48 million. The company reported 2025 sales of $4.05 billion, down 7%, with full-year EBIT swinging to $356 million from a loss in 2024. Leggett & Platt's restructuring plan and lower-than-expected costs contributed to the EBIT benefit. Management is guiding toward 2026 sales of $3.8 billion to $4.0 billion and adjusted EPS of $1.15 to $1.25.