AcquisitionsAug 6, 2026, 04:23 PM
Somnigroup Details Leggett & Platt Acquisition; Q2 Adj. EPS Up 9.4%
AI Summary
Somnigroup International Inc. released an investor presentation detailing its proposed acquisition of Leggett & Platt for approximately $2.5 billion in an all-stock transaction, expected to close by year-end 2026. The acquisition is anticipated to be accretive to adjusted EPS and generate $50 million in annual run-rate adjusted EBITDA synergies. The company also reported Q2 2026 net sales of $1.82 billion, a 3.0% decrease year-over-year, and adjusted EPS of $0.58, an increase of 9.4%. For the full year 2026, Somnigroup projects adjusted EPS of $3.00 and sales of $7.6 billion at the midpoint.
Key Highlights
- Somnigroup to acquire Leggett & Platt for approximately $2.5 billion in an all-stock transaction.
- Leggett & Platt shareholders will own approximately 9% of the combined company.
- Acquisition expected to generate $50 million in annual run-rate adjusted EBITDA synergies.
- Q2 2026 Net Sales decreased 3.0% year-over-year to $1.82 billion.
- Q2 2026 Adjusted EPS increased 9.4% year-over-year to $0.58.
- Full-year 2026 adjusted EPS projected at $3.00 at the midpoint.
- Full-year 2026 sales projected at $7.6 billion at the midpoint.
- Long-term adjusted EPS target of $5.15 by 2028, a 24% CAGR from 2025.
Price Impact
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