---
schema_version: "secwatch.filing_event.v1"
accession: "0001206264-23-000052"
form_type: "8-K"
ticker: "SGI"
cik: "0001206264"
company_name: "SOMNIGROUP INTERNATIONAL INC."
filed_at: "2023-02-09T23:59:59+00:00"
generated_at: "2026-06-19T19:24:17.714016+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Tempur Sealy Q4 net sales down 12.7% to $1.19B; EPS $0.57; raises dividend 10% to $0.11

## Summary
- 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.

## SEC filing metadata
- accession: 0001206264-23-000052
- form_type: 8-K
- ticker: SGI
- cik: 0001206264
- company_name: SOMNIGROUP INTERNATIONAL INC.
- filed_at: 2023-02-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1206264/000120626423000052/0001206264-23-000052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1206264/000120626423000052/tpx-20230209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001206264-23-000052
- JSON: https://secwatch.observer/filing/0001206264-23-000052.json
- Plain text: https://secwatch.observer/filing/0001206264-23-000052.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1206264/000120626423000052/0001206264-23-000052-index.htm
- Earnings Releases
  SOMNIGROUP INTERNATIONAL INC. updated its Fiscal Year 2023 guidance (initiated).
  - Period: Fiscal Year 2023
  - Guidance: initiated
  - Result: guidance update
  source text: Targeting Sales and Adjusted EPS Growth in 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1206264/000120626423000052/0001206264-23-000052-index.htm

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