Tempur Sealy Q3 net sales down 5.5% to $1,283M; EPS $0.75, adj. $0.78; declares $0.10 dividend

SOMNIGROUP INTERNATIONAL INC.

2022-Q3 EPS reported $1.95 revenue$3,733,800,000

Net sales $1,283.3M (-5.5% YoY); EPS $0.75 vs $0.87; adjusted EPS $0.78 vs $0.88.
Direct channel sales increased 8.1%; North America segment sales down 5.4%, International up 7.4% constant currency.
Operating income fell 19.5% to $201.0M; adjusted operating income $206.7M.
CEO cites unfavorable FX and challenging environment; extended capital project timelines and reduced hiring.
Quarterly dividend of $0.10 per share declared, payable Dec 1, 2022 to holders of record Nov 17.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SOMNIGROUP INTERNATIONAL INC. reported the third quarter ended September 30, 2022 results: revenue $1,283.3 million, net income $132.7 million, EPS $0.75.

Period: the third quarter ended September 30, 2022
Revenue: $1,283.3 million
Net income: $132.7 million
EPS: $0.75
Result: reported results

Exact text from the filing

ended September 30, 2022. The Company also issued updated financial guidance for the full year 2022. THIRD QUARTER 2022 FINANCIAL SUMMARY • Total net sales decreased 5.5% to $1,283.3 million as compared to $1,358.3 million in the third quarter of 2021. On a constant currency basis (1) , total net sales decreased 3.1%, with a decrease of 5.4% in the North America

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Source: SEC EDGAR

accession 0001206264-22-000176

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