Tempur Sealy Q1 net sales $1.19B (-1.5% YoY), EPS $0.43 (-10.4%); declares $0.13 dividend

SOMNIGROUP INTERNATIONAL INC.

2024-Q1 EPS reported $0.43 revenue$1,189,400,000

Net sales $1,189.4M, down 1.5% YoY; gross margin improved 170bps to 43.1%.
GAAP EPS $0.43 (down 10.4%); adjusted EPS $0.50 (down 5.7%).
Record Q1 operating cash flow of $130M; leverage improved to 2.85x from 3.24x.
Reaffirmed full-year 2024 guidance; Mattress Firm deal targeted to close in 2024.
Declared quarterly cash dividend of $0.13 per share, payable May 30, 2024.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SOMNIGROUP INTERNATIONAL INC. reported first quarter ended March 31, 2024 results: revenue $1.2 Billion, net income $76.3 million, EPS $0.43. Guidance reaffirmed.

Period: first quarter ended March 31, 2024
Revenue: $1.2 Billion
Net income: $76.3 million
EPS: $0.43
Guidance: reaffirmed
Result: reported results

Exact text from the filing

RESULTS) --- EX-99.1 2 tpxreports1q2024results.htm TPX REPORTS FIRST QUARTER 2024 RESULTS Document TEMPUR SEALY REPORTS FIRST QUARTER RESULTS - First Quarter 2024 Net Sales of $1.2 Billion, Consistent with Prior Year - Strong Consolidated Gross Margins up 1.7% to 43.1% - EPS of $0.43 and Adjusted EPS (1) of $0.50 - Record First Quarter Cash Flow from Operations of

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Source: SEC EDGAR

accession 0001206264-24-000089

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