8-K
filed February 9, 2023, 6:59 PM ET
ticker SGI
CIK 0001206264
earnings
confidence high
sentiment neutral
materiality 0.70
Tempur Sealy Q4 net sales down 12.7% to $1.19B; EPS $0.57; raises dividend 10% to $0.11
SOMNIGROUP INTERNATIONAL INC.
2022-FY EPS reported
$2.53
revenue$4,921,200,000
- Q4 net sales $1,187.4M, down 12.7% YoY; GAAP EPS $0.57 vs $0.88.
- Adjusted EPS $0.54, down 38.6% YoY; adjusted net income $96.2M.
- Full-year net sales $4,921.2M, flat; GAAP EPS $2.53 vs $3.06.
- Board increased quarterly dividend 10% to $0.11/share, payable March 9, 2023.
- 2023 guidance targets sales and adjusted EPS growth amid subdued demand.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
SOMNIGROUP INTERNATIONAL INC. reported Fourth Quarter Ended December 31, 2022 results: revenue $1,187.4 million, net income $101.7 million, EPS $0.57.
- Period
- Fourth Quarter Ended December 31, 2022
- Revenue
- $1,187.4 million
- Net income
- $101.7 million
- EPS
- $0.57
- Result
- reported results
Exact text from the filing
Total net sales decreased 12.7% to $1,187.4 million as compared to $1,359.6 million in the fourth quarter of 2021, with a decrease of 12.2% in the North America business segment and a decrease of 14.3% in the International business segment. • Gross margin was 41.2% as compared to 44.5% in the fourth quarter of 2021. Adjusted gross margin (1) was 41.6% in the fourth quarter of 2022. There were no adjustments to gross margin in the fourth quarter of 2021. • Operating income decreased 41.3% to $147.1 million as compared to $250.8 million in the fourth quarter of 2021. Adjusted operating income (1) was $156.8 million in the fourth quarter of 2022. There were no adjustments to operating income in the fourth quarter of 2021. • Net income decreased 42.2% to $101.7 million as compared to $175.8 million in the fourth quarter of 2021. Adjusted net income (1) decreased 45.3% to $96.2 million as compared to $175.9 million in the fourth quarter of 2021. • Earnings per diluted share ("EPS") decrease
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.8
SOMNIGROUP INTERNATIONAL INC. updated its Fiscal Year 2023 guidance (initiated).
- Period
- Fiscal Year 2023
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
Targeting Sales and Adjusted EPS Growth in 2023
View on SEC.gov
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