$SGI · SOMNIGROUP INTERNATIONAL INC.
Somnigroup International filed its Q3 FY2026 10-Q. Net sales rose 10.8% YoY to $2.351B, driven by the Leggett & Platt acquisition (closed Aug 26, 2026) and Mattress Firm. Net income attributable to Somnigroup fell to $163.5M from $177.4M, with diluted EPS of $0.74 vs $0.83. Gross margin compressed to 42.0% from 44.9%, and operating margin fell to 12.7% from 14.8%. Nine-month net income rose to $378.6M from $243.3M.
- Q3 net sales rose 10.8% YoY to $2.351B.
- Diluted EPS fell to $0.74 from $0.83 a year earlier.
- Gross margin compressed to 42.0% from 44.9%.
- Nine-month net income rose to $378.6M from $243.3M.
- Leggett & Platt acquisition closed Aug 26, 2026, adding $372.6M in Q3 net sales.
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Revenue growth from major acquisitions is being offset by margin compression and integration costs, pressuring near-term earnings.
The Leggett & Platt and Mattress Firm acquisitions consolidate the bedding supply chain, making Somnigroup a vertically integrated mattress leader.
Integration risk from the Leggett & Platt and Mattress Firm acquisitions, including failure to realize synergies; tariff and raw-material cost inflation; and cybersecurity/IT risks.