---
schema_version: "secwatch.filing_event.v1"
accession: "0001206264-23-000202"
form_type: "8-K"
ticker: "SGI"
cik: "0001206264"
company_name: "SOMNIGROUP INTERNATIONAL INC."
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-08T23:27:12.448522+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Tempur Sealy Q3 EPS falls 14.7% to $0.64; sales flat; gross margin up 270bps to 44.9%

## Summary
- Net sales $1.277B, down 0.5% YoY; North America -3.2%, International +12.3%.
- GAAP EPS $0.64 vs $0.75; adjusted EPS $0.77 vs $0.78.
- Gross margin expanded 270bps to 44.9%; adjusted gross margin 45.9%.
- Operating cash flow $230M in Q3; quarterly dividend $0.11/share declared.
- Mattress Firm acquisition expected mid-to-late 2024; FTC second request response in Q4.

## SEC filing metadata
- accession: 0001206264-23-000202
- form_type: 8-K
- ticker: SGI
- cik: 0001206264
- company_name: SOMNIGROUP INTERNATIONAL INC.
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1206264/000120626423000202/0001206264-23-000202-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1206264/000120626423000202/tpx-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001206264-23-000202
- JSON: https://secwatch.observer/filing/0001206264-23-000202.json
- Plain text: https://secwatch.observer/filing/0001206264-23-000202.txt

## Key facts
- Earnings Releases
  SOMNIGROUP INTERNATIONAL INC. reported the third quarter ended September 30, 2023 results: revenue $1,277.1 million, net income $113.3 million, EPS $0.64.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $1,277.1 million
  - Net income: $113.3 million
  - EPS: $0.64
  - Result: reported results
  source text: • Total net sales decreased 0.5% to $1,277.1 million as compared to $1,283.3 million in the third quarter of 2022, with a decrease of 3.2% in the North America business segment and and increase of 12.3% in the International business segment. On a constant currency basis (1) , total net sales decreased 1.7%, with a decrease of 3.5% in the North America business segment and an increase of 6.7% in the International business segment. • Gross margin was 44.9% as compared to 42.2% in the third quarter of 2022. Adjusted gross margin (1) was 45.9% as compared to 42.5% in the third quarter of 2022. • Operating income decreased 8.9% to $183.2 million as compared to $201.0 million in the third quarter of 2022. Adjusted operating income (1) increased 3.9% to $214.7 million as compared to $206.7 million in the third quarter of 2022. • Net income decreased 14.6% to $113.3 million as compared to $132.7 million in the third quarter of 2022. Adjusted net income (1) decreased 0.7% to $136.8 million as c
  evidence_url: https://www.sec.gov/Archives/edgar/data/1206264/000120626423000202/0001206264-23-000202-index.htm

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