$SGI · SOMNIGROUP INTERNATIONAL INC.
Somnigroup International filed an 8-K reporting Q3 FY2026 results (quarter ended September 30, 2026) and revised FY2026 guidance. Net sales rose 10.8% to a record $2,350.8M, driven by $372.6M of Leggett & Platt stub-period sales. GAAP EPS fell 10.8% to $0.74 while adjusted EPS rose 9.5% to $1.04. The board also declared a $0.17 quarterly dividend payable December 7, 2026.
- Net sales rose 10.8% to $2,350.8M, including $372.6M from the Leggett & Platt stub period.
- GAAP EPS fell 10.8% to $0.74; adjusted EPS rose 9.5% to a record $1.04.
- Operating income fell 5.5% to $297.4M on acquisition costs; adjusted operating income rose 6.0% to $364.2M.
- FY2026 adjusted EPS guidance revised to $2.85–$2.95, ~7% above 2025 at midpoint.
- Board declared a $0.17 quarterly dividend, payable December 7, 2026 to holders of record November 23, 2026.
Markets closed — no regular-session reaction yet; extended-hours move not captured here.
Record sales and adjusted EPS mask a GAAP earnings decline from the Leggett & Platt integration, with guidance hinging on tariff and macro risks.
The Leggett & Platt acquisition (completed August 26, 2026) consolidates the bedding supply chain, with leverage improving to 2.69x from 3.28x year-over-year.
Dreams net sales fell 34.7% on ERP implementation disruption; guidance cites tariff and geopolitical risks including the war in Ukraine.