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Somnigroup Announces First Quarter Cash Dividend
Prnewswire· 2026-02-17 11:37
Core Viewpoint - Somnigroup International Inc. has declared a first quarter cash dividend of $0.17 per share, reflecting the company's strong market position and ability to generate significant free cash flow [1]. Group 1: Dividend Announcement - The Board of Directors has approved a cash dividend of $0.17 per share, payable on March 19, 2026, to shareholders of record as of March 5, 2026 [1]. - This marks the sixth increase in the dividend over the last five years, with the cash dividend more than doubling since its initiation in 2021 [1]. Group 2: Company Overview - Somnigroup is the world's largest bedding company, operating in over 100 countries and offering brands such as Tempur-Pedic®, Sealy®, Stearns & Foster®, and Sleepy's® [1]. - The company focuses on delivering innovative sleep solutions and has a global omni-channel platform to enhance consumer experience [1]. - Somnigroup is committed to long-term shareholder value through prudent capital allocation and is guided by its core value of Doing the Right Thing, emphasizing environmental and community responsibility [1].
Somnigroup International Inc. Reports Fourth Quarter and Full Year 2025 Results
Prnewswire· 2026-02-17 11:36
Core Insights - Somnigroup International Inc. reported strong financial results for Q4 and full year 2025, with significant growth in net sales, operating income, and earnings per share (EPS) [1][2][3] Financial Performance - Q4 2025 net sales increased by 54.7% to $1,868.4 million compared to $1,207.9 million in Q4 2024, driven by the inclusion of Mattress Firm sales [1][2] - Net income for Q4 2025 rose 95.8% to $140.8 million from $71.9 million in Q4 2024, while adjusted net income increased 43.4% to $153.7 million [1][2] - Operating income surged 93.7% to $247.1 million in Q4 2025, with adjusted operating income up 59.8% to $267.8 million [1][2] - EPS grew 65.0% to $0.66 in Q4 2025, while adjusted EPS increased 20.0% to $0.72 [1][2] Business Segments - Mattress Firm generated net sales of $892.1 million in Q4 2025, with a gross margin of 30.8% [1][2] - Tempur Sealy North America experienced a decrease in net sales to $620.5 million due to the accounting elimination of sales to Mattress Firm [1][2] - Tempur Sealy International's net sales increased by 13.4% to $355.8 million, primarily due to expanded distribution [1][2] Gross and Operating Margins - Consolidated gross margin improved to 44.0% in Q4 2025 from 40.1% in Q4 2024, with adjusted gross margin at 44.9% [1][2] - North America gross margin rose to 59.0% from 36.4% in Q4 2024, while adjusted operating margin improved to 27.6% [1][2] Financial Guidance - For full year 2026, the company expects adjusted EPS to be between $3.00 and $3.40, indicating a projected increase of approximately 19% from 2025 [2][3] - The company anticipates continued growth in the bedding industry and plans for sales to grow at a compound annual rate of mid-single digits through 2028 [2][3] Dividend Announcement - The Board of Directors announced a 13% increase in the quarterly cash dividend to $0.17 per share, marking the sixth increase since 2021 [2][3]
Somnigroup to Host Investor Day on March 4, 2026
Prnewswire· 2026-02-05 11:55
About Somnigroup Somnigroup (NYSE: SGI) is the world's largest bedding company, dedicated to transforming how the world sleeps. With superior capabilities in design, manufacturing, distribution and retail, we deliver breakthrough sleep solutions and serve the evolving needs of consumers in more than 100 countries worldwide through our fully-owned businesses, Tempur Sealy, Mattress Firm and Dreams. Our portfolio includes the most highly recognized brands in the industry, including Tempur-Pedic®, Sealy®, Stea ...
Somnigroup Announces Fourth Quarter Cash Dividend
Prnewswire· 2025-11-06 11:37
Core Points - Somnigroup International Inc. has declared a fourth quarter cash dividend of $0.15 per share, payable on December 4, 2025, to shareholders of record as of November 20, 2025 [1] - Somnigroup is recognized as the world's largest bedding company, operating in over 100 countries and offering well-known brands such as Tempur-Pedic®, Sealy®, and Stearns & Foster® [2] - The company emphasizes long-term value creation for shareholders through prudent capital allocation and a commitment to environmental and community responsibilities [3] Financial Performance - Somnigroup announced record financial results for the third quarter ended September 30, 2025, indicating strong performance and growth [4]
Somnigroup to Report Third Quarter 2025 Financial Results
Prnewswire· 2025-10-15 10:55
Core Insights - Somnigroup International, Inc. will release its financial results for Q3 2025 on November 6, 2025, before the NYSE opens [1] - A conference call will be held at 8:00 a.m. Eastern Time, which will be accessible via the company's investor relations website [2] Company Overview - Somnigroup is the world's largest bedding company, focused on enhancing lives through better sleep [3] - The company operates in over 100 countries and includes well-known brands such as Tempur-Pedic®, Sealy®, Stearns & Foster®, and Sleepy's® [3] - Somnigroup's omni-channel platform allows it to meet consumer needs across various shopping environments, providing personalized and innovative retail experiences [3]
Somnigroup International Appoints New Director
Prnewswire· 2025-09-30 20:05
Core Insights - Somnigroup International Inc. has appointed Christopher Cook as an independent director, increasing the Board size from seven to eight members, effective September 30, 2025 [1][2]. Group 1: Appointment Details - Christopher Cook has over 20 years of executive leadership experience, having founded Sleep Experts and served as CEO until its acquisition by Mattress Firm in 2014 [2]. - After the acquisition, Cook acted as a strategic consultant for Mattress Firm until 2016 and was a Director from 2018 until Somnigroup's acquisition of Mattress Firm in early 2025 [2]. Group 2: Company Overview - Somnigroup is the world's largest bedding company, focusing on improving lives through better sleep, with operations in over 100 countries [3]. - The company owns well-known brands such as Tempur-Pedic®, Sealy®, Stearns & Foster®, and Sleepy's®, and utilizes a global omni-channel platform to enhance consumer experience [3]. Group 3: Strategic Vision - The company aims to deliver long-term value for shareholders through prudent capital allocation and is committed to environmental and community responsibilities [4].
Somnigroup International to Participate in Financial Conference
Prnewswire· 2025-09-02 10:55
Core Insights - Somnigroup International Inc. will participate in the 2025 Goldman Sachs Global Retailing Conference on September 3, 2025, and has indicated that sales trends from early in the third quarter are continuing [1][2] Company Overview - Somnigroup is the world's largest bedding company, focused on enhancing lives through better sleep, with operations in over 100 countries and a portfolio that includes well-known brands such as Tempur-Pedic®, Sealy®, Stearns & Foster®, and Sleepy's® [3] - The company emphasizes its capabilities in design, manufacturing, distribution, and retail, aiming to provide innovative sleep solutions and a unique retail experience [3] Financial Outlook - The Chairman and CEO, Scott Thompson, expressed confidence in the company's ability to leverage improved market conditions, with solid trends continuing into the third quarter [2] - The company aims to deliver long-term value for shareholders through prudent capital allocation and is committed to environmental and community responsibilities [4]
Somnigroup International Announces New Chief Executive Officer at Mattress Firm
Prnewswire· 2025-08-18 10:55
Company Leadership Changes - Steve Rusing has been appointed as President and Chief Executive Officer of Mattress Firm, effective August 14, 2025, expanding his previous role [1] - Scott Thompson, the Chairman and CEO of Somnigroup, served as Mattress Firm's interim CEO since February 2025 [1] Strategic Direction - Combining the roles of President and CEO is expected to enhance leadership agility and alignment within Mattress Firm [2] - Under Steve Rusing's leadership, Mattress Firm has sharpened its operational focus, building momentum and driving solid performance [2] Company Overview - Somnigroup International Inc. is the world's largest bedding company, operating in over 100 countries with brands like Tempur-Pedic®, Sealy®, and Stearns & Foster® [3] - The company aims to improve lives through better sleep and offers a global omni-channel platform for a unique retail experience [3] Shareholder Value and Responsibility - Somnigroup is committed to delivering long-term value for shareholders through prudent capital allocation and responsible environmental practices [4]
Somnigroup Announces Third Quarter Cash Dividend
Prnewswire· 2025-08-07 10:37
Core Viewpoint - Somnigroup International Inc. has declared a third quarter cash dividend of $0.15 per share, payable on September 5, 2025, to shareholders of record as of August 21, 2025 [1] Company Overview - Somnigroup is the world's largest bedding company, focused on enhancing people's lives through better sleep [2] - The company operates in over 100 countries and includes well-known brands such as Tempur-Pedic®, Sealy®, Stearns & Foster®, and Sleepy's® [2] - Somnigroup's global omni-channel platform allows it to meet consumer needs through various shopping experiences, providing tailored sleep solutions [2] Corporate Strategy - The company aims to deliver long-term value for shareholders through prudent capital allocation and investment management [3] - Somnigroup is committed to environmental protection and community responsibility, guided by its core value of Doing the Right Thing [3]