Leggett & Platt is a diversified industrial manufacturer that makes components and finished products primarily for bedding, furniture, and automotive applications. Bedding is the largest business, accounting for roughly 38% of revenue, and includes steel innersprings, specialty foam, semi-finished mattress subassemblies, adjustable beds, and private-label finished mattresses. The company is notably vertically integrated in bedding: it operates a steel rod mill that feeds its wire drawing operations, which supply steel wire to its innerspring plants, allowing Leggett & Platt to capture the spread between scrap steel input costs and downstream component pricing. The Specialized Products segment (~25% of revenue) includes an Automotive business (~20% of revenue) that makes lumbar supports, seat suspension systems, motors, and cables for vehicle seating sold to OEMs and Tier 1 suppliers globally, plus a smaller hydraulic cylinders business serving material handling and construction equipment. The remaining ~34% of revenue comes from Furniture, Flooring & Textile Products, a collection of smaller businesses making carpet cushion, flooring underlayment, geotextile fabrics, office chair components, and recliner mechanisms. Leggett & Platt sells primarily through its own sales force to industrial customers including mattress brands, furniture makers, and auto suppliers, with no single customer exceeding 7% of revenue. Following a two-year restructuring that reduced its manufacturing footprint, the company is focused on bedding innovation — particularly semi-finished products combining foam and innersprings — textiles M&A, and balance sheet deleveraging.