---
schema_version: "secwatch.filing_event.v1"
accession: "0001206264-24-000089"
form_type: "8-K"
ticker: "SGI"
cik: "0001206264"
company_name: "SOMNIGROUP INTERNATIONAL INC."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T16:26:08.548823+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001206264-24-000089
- form_type: 8-K
- ticker: SGI
- cik: 0001206264
- company_name: SOMNIGROUP INTERNATIONAL INC.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1206264/000120626424000089/0001206264-24-000089-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1206264/000120626424000089/tpx-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001206264-24-000089
- JSON: https://secwatch.observer/filing/0001206264-24-000089.json
- Plain text: https://secwatch.observer/filing/0001206264-24-000089.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1206264/000120626424000089/0001206264-24-000089-index.htm

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