Leggett & Platt Inc (NYSE:LEG) is one of the best land and timber-adjacent stocks to buy now.
While the company is not a timberland owner or lumber producer, it has exposure to wood-related end markets through its furniture, bedding, and residential furnishings components, Leggett & Platt Inc (NYSE:LEG) reported its Q1 2026 results on May 7
The results showed revenue decreased 10% YoY to $918 million, and adjusted EPS dropped to $0.15 from $0.24 a year ago. The quarter was hurt by weak demand across the company’s businesses, adverse weather conditions that resulted in closures, and higher operating costs. For now, the company is mitigating these pressures through various actions, including passing through price increases.
But in the long term, the management sees the planned merger with Somnigroup as the future. Leggett & Platt agreed to be acquired by Somnigroup in an all-stock transaction valued at $2.5 billion. The transaction is expected to close by the end of 2026, and Leggett & Platt shareholders would own roughly 9% of the combined company.