Somnigroup Third-Quarter Net Sales Rise 10.8% to a Record $2,350.8 Million; Adjusted EPS Up 9.5% to $1.04 as Full-Year Adjusted EPS Guidance Is Raised to $2.85–
Somnigroup International Inc. (NYSE: SGI) announced on November 9 its financial results for the third quarter ended September 30, 2026. According to the company's official earnings release, total net sales increased 10.8% to a record $2,350.8 million, compared with $2,122.6 million in the third quarter of 2025, primarily driven by the inclusion of $372.6 million of Leggett & Platt net sales for the stub period from August 26, 2026 — when the company completed its acquisition of Leggett & Platt — through September 30, 2026.
Net income decreased 7.8% to $163.5 million, while adjusted net income increased 13.7% to a record $228.9 million. Operating income decreased 5.5% to $297.4 million, primarily because of costs related to the Leggett & Platt acquisition, while adjusted operating income increased 6.0% to a record $364.2 million. Diluted earnings per share were $0.74, down 10.8%, and adjusted EPS increased 9.5% to a record $1.04, compared with $0.95 a year earlier. Cash flows from operations were $349 million in the quarter. The company ended the quarter with total debt of $5.6 billion, and leverage based on the ratio of consolidated indebtedness less netted cash to adjusted EBITDA was 2.69 times, compared with 3.28 times a year earlier.
By segment, Mattress Firm net sales decreased 5.8% to $1,008.3 million, primarily driven by softer online sales. Tempur Sealy North America net sales decreased 5.8% to $693.1 million, while its gross margin improved to 64.7% from 58.4%, primarily driven by tariff refunds and synergies from the Mattress Firm acquisition. Tempur Sealy International net sales decreased 12.3% to $276.8 million, primarily driven by decreased net sales at Dreams of 34.7% following the implementation of a new ERP system, which led to operational disruption throughout the quarter. For the full year 2026, the company revised its adjusted EPS expectations to a range of $2.85 to $2.95, representing an approximate 7% increase from 2025 adjusted EPS at the midpoint. Chairman and Chief Executive Officer Scott Thompson said in the release that completing the Leggett & Platt acquisition improved leverage, enhanced the supply chain and accelerated product development. The board declared a quarterly cash dividend of $0.17 per share, payable December 7, 2026 to shareholders of record on November 23, 2026.
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Source: Somnigroup International (company earnings
Published by GSM · USA (original Chinese edition)
Photo: 床垫卖场（资料图）。（Wikimedia Commons／CC BY-SA 4.0）|A mattress store (file photo). (Wikimedia Commons / CC BY-SA 4.0)
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