Leggett & Platt's stock plummeted 5.16% during intraday trading on Thursday, as investors reacted negatively to the company's latest financial results and future outlook.

The office furniture manufacturer reported Q4 adjusted earnings of $0.22 per share, which fell short of the $0.23 analysts had expected. While earnings showed a slight year-over-year increase, sales declined significantly to $938.6 million from $1.06 billion a year earlier, also missing analyst forecasts.

Furthermore, the company's 2026 guidance of adjusted EPS between $1.00 and $1.20 and sales between $3.8 billion and $4.0 billion appears to have disappointed market participants, with the midpoint of the EPS range below the $1.09 analysts were anticipating.