Business
Somnigroup International Inc. Reports First Quarter 2026 Results
Somnigroup International Inc. (NYSE: SGI, "Company") announced financial results for the first quarter ended March 31, 2026 and reaffirmed financial guidance for the full year 2026.
About this update from Somnigroup International Inc.
[{"type":"text","content":"- First Quarter 2026 Net Sales Increased 12% to $1.8 Billion- EPS Growth of 388% and Adjusted EPS(1) Growth of 20%- Record First Quarter Cash Flows from Operations of $246 Million","length":181,"tagName":"p","attribs":{}},{"type":"text","content":"DALLAS, May 7, 2026 /PRNewswire/ -- Somnigroup International Inc. (NYSE: SGI, "Company") announced financial results for the first quarter ended March 31, 2026 and reaffirmed financial guidance for the full year 2026.","length":242,"tagName":"p"},{"type":"text","content":"FIRST QUARTER 2026 FINANCIAL SUMMARY","length":41,"tagName":"p","attribs":{}},{"type":"list","items":[{"val":[{"type":"text","content":"Total net sales increased 12.3% to $1,801.5 million as compared to $1,604.7 million in the first quarter of 2025, primarily driven by the inclusion of Mattress Firm sales for a full quarter as compared to the first quarter of 2025, which included Mattress Firm for the period of February 5, 2025 through March 31, 2025.","length":319,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross margin was 43.1% as compared to 36.2% in the first quarter of 2025. Adjusted gross margin(1) was 43.6% as compared to 42.2% in the first quarter of 2025.","length":159,"tagName":"p"}]},{"val":[{"type":"text","content":"Operating income increased 1,317.4% to $187.1 million as compared to $13.2 million in the first quarter of 2025, which was negatively impacted by one-time transaction costs related to the Mattress Firm acquisition. Adjusted operating income(1) increased 17.4% to $214.6 million as compared to $182.8 million in the first quarter of 2025.","length":347,"tagName":"p"}]},{"val":[{"type":"text","content":"Net income increased 414.8% to $104.2 million as compared to net loss of $(33.1) million in the first quarter of 2025, which was negatively impacted by one-time transaction costs related to the Mattress Firm acquisition. Adjusted net income(1) increased 28.4% to $124.5 million as compared to $97.0 million in the first quarter of 2025.","length":336,"tagName":"p"}]},{"val":[{"type":"text","content":"Earnings per diluted share ("EPS") increased 388.2% to $0.49 as compared to loss per diluted share of $(0.17) in the first quarter of 2025, which was negatively impacted by one-time transaction costs related to the Mattress Firm acquisition. Adjust...