---
schema_version: "secwatch.filing_event.v1"
accession: "0001206264-24-000092"
form_type: "8-K"
ticker: "SGI"
cik: "0001206264"
company_name: "SOMNIGROUP INTERNATIONAL INC."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T08:46:39.359644+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001206264-24-000092
- form_type: 8-K
- ticker: SGI
- cik: 0001206264
- company_name: SOMNIGROUP INTERNATIONAL INC.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1206264/000120626424000092/0001206264-24-000092-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1206264/000120626424000092/tpx-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001206264-24-000092
- JSON: https://secwatch.observer/filing/0001206264-24-000092.json
- Plain text: https://secwatch.observer/filing/0001206264-24-000092.txt

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