Somnigroup International Inc.
81.73-1.37 (-1.65%)
Oct 29, 4:00:02 PM EDT · NYSE · SGI · USD
Key Stats
Market Cap
17.15BP/E (TTM)
55.98Basic EPS (TTM)
1.46Dividend Yield
0.01%Recent Filings
8-K
Nuno appointed dual HR, legal role
Somnigroup International appointed Kindel Nuno as Chief Human Resources Officer and General Counsel, effective October 9, 2025, expanding her existing HR role. This consolidation aims to boost efficiency and agility in HR and legal functions at the parent level. Nuno's 18-year legal career equips her to handle complex decisions. Leadership streamlines operations.
8-K
Board appoints retail expert
Somnigroup International expanded its Board from seven to eight members on September 30, 2025, appointing Christopher T. Cook as an independent director. Cook, founder of Sleep Experts and former Mattress Firm board member until Somnigroup's 2025 acquisition, brings over 20 years of bedding retail expertise. This addition bolsters industry insight amid integration efforts. No related transactions disclosed.
8-K
Q3 sales trends persist
Somnigroup International announced on September 2, 2025, its participation in group meetings at the Goldman Sachs Global Retailing Conference the next day, while noting that early third-quarter sales trends have persisted. Chairman and CEO Scott Thompson affirmed these trends remain solid, expressing confidence in leveraging improved market conditions. Yet risks persist in forward-looking projections. Solid trends continue.
8-K
Rusing named Mattress Firm CEO
Somnigroup International expanded Steven H. Rusing's role from President to President and Chief Executive Officer of its wholly-owned subsidiary Mattress Firm, effective August 14, 2025, replacing interim CEO Scott Thompson. This move aims to boost agility and alignment, building on Rusing's recent contributions to sharpened operations and solid performance reported earlier in August. No changes to his compensation terms. Leadership transitions like this sharpen focus yet demand quick integration.
10-Q
Q2 FY2025 results
Somnigroup's Q2 net sales surged 52.5% year-over-year to $1,880.8 million, fueled by the Mattress Firm acquisition that added $948.8 million, though offset by $263.5 million in eliminated intercompany sales; gross margin expanded to 44.0% from 42.0%, thanks to operational efficiencies and favorable mix in North America. Operating income edged up 3.8% to $179.9 million, but net income dipped 6.7% to $99.0 million amid higher interest costs from $4.9 billion in total debt, while diluted EPS fell to $0.47 from $0.60 on increased shares. The February 2025 Mattress Firm deal closed for $5.1 billion net (cash and stock), recognizing $3,476.0 million goodwill and $1,660.0 million indefinite-lived trade name; free cash flow stood at $231.8 million for the half-year. Cash dipped to $98.1 million, with $707.7 million revolver availability and covenant compliance intact. Competition in the bedding sector remains fierce.
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