Tempur Sealy Q1 net sales $1.19B (-1.5%); adj. EPS $0.50; FY2024 guidance $2.60-$2.90

SOMNIGROUP INTERNATIONAL INC.

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

Q1 2024 net sales $1,189.4M (-1.5% YoY); net income $76.3M (-10.6%); adjusted EPS $0.50 (-5.7% YoY).
Full-year 2024 outlook: adjusted EPS $2.60-$2.90, sales growth low to mid-single digits, adjusted EBITDA ~$1B at midpoint.
Mattress Firm acquisition ~$4.0B ($2.7B cash + $1.3B stock) expected to close H2 2024; cost synergies $100M; accretive to adj. EPS year 1.
Record advertising spend ~$500M in 2024; direct channel sales 26% of total in Q1 2024.
Consistent dividend growth since initiation; long-term leverage target 2.0-3.0x; share repurchases ongoing.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.