Quarterly ResultMay 7, 2026, 06:42 AM
Somnigroup Q1 Net Sales +12% to $1.8B; EPS $0.49; Declares $0.17 Dividend
AI Summary
Somnigroup International Inc. reported strong first quarter 2026 financial results, with net sales increasing 12.3% to $1.8 billion. The company achieved a significant 388.2% increase in diluted EPS to $0.49 and a 20.4% rise in adjusted EPS to $0.59. Additionally, the Board of Directors declared a quarterly cash dividend of $0.17 per share, payable on June 4, 2026. The company also reaffirmed its full-year 2026 financial guidance and provided an update on its proposed acquisition of Leggett & Platt, valued at approximately $2.5 billion and expected to close by year-end 2026.
Key Highlights
- Proposed acquisition of Leggett & Platt for approximately $2.5 billion, expected to close by year-end 2026.
- Q1 2026 net sales increased 12.3% to $1,801.5 million.
- Q1 2026 diluted EPS increased 388.2% to $0.49.
- Q1 2026 adjusted EPS grew 20.4% to $0.59.
- Quarterly cash dividend of $0.17 per share declared, payable June 4, 2026.
- Mattress Firm net sales increased 49.2% to $885.9 million.
- Tempur Sealy International net sales increased 15.5% to $352.1 million.
- Full-year 2026 adjusted EPS guidance reaffirmed at $3.00 to $3.40.