AcquisitionsAug 7, 2026, 07:08 AM
Somnigroup to Acquire Leggett & Platt for $2.5B; Q2 Net Income Up
AI Summary
Somnigroup International announced a definitive agreement to acquire Leggett & Platt for approximately $2.5 billion in an all-stock transaction, with closing anticipated by the end of Q3 2026. For the second quarter ended June 30, 2026, the company reported net sales of $1,823.5 million, a decrease from the prior year, but net income attributable to Somnigroup International Inc. increased to $110.9 million. Year-to-date, net sales grew to $3,625.0 million, and net income saw a substantial increase to $215.1 million.
Key Highlights
- Somnigroup to acquire Leggett & Platt for approximately $2.5 billion in an all-stock transaction, expected to close by Q3 2026.
- Q2 2026 net sales decreased to $1,823.5 million from $1,880.8 million in Q2 2025.
- Q2 2026 net income attributable to Somnigroup increased to $110.9 million from $99.0 million in Q2 2025.
- Diluted EPS for Q2 2026 rose to $0.52 from $0.47 in Q2 2025.
- Six-month 2026 net sales increased to $3,625.0 million from $3,485.5 million in the prior year period.
- Six-month 2026 net income attributable to Somnigroup significantly increased to $215.1 million from $65.9 million.
- Mattress Firm segment Q2 2026 net sales were $922.2 million.
- Total debt, net, decreased to $4,408.5 million as of June 30, 2026, from $4,685.7 million at Dec 31, 2025.
Price Impact
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