---
schema_version: "secwatch.filing_event.v1"
accession: "0001206264-22-000176"
form_type: "8-K"
ticker: "SGI"
cik: "0001206264"
company_name: "SOMNIGROUP INTERNATIONAL INC."
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T08:08:15.982396+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001206264-22-000176
- form_type: 8-K
- ticker: SGI
- cik: 0001206264
- company_name: SOMNIGROUP INTERNATIONAL INC.
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1206264/000120626422000176/0001206264-22-000176-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1206264/000120626422000176/tpx-20221103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001206264-22-000176
- JSON: https://secwatch.observer/filing/0001206264-22-000176.json
- Plain text: https://secwatch.observer/filing/0001206264-22-000176.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1206264/000120626422000176/0001206264-22-000176-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.