M&A
confidence high
sentiment negative
materiality 0.75
SomniGroup closes Mattress Firm acquisition; acquired co's FY24 revenue $3.9B, net income $73M
SOMNIGROUP INTERNATIONAL INC.
- Mattress Firm FY24 net revenue $3,916.3M, down from $4,134.1M in FY23 (-5.3%).
- Net income $72.9M in FY24 vs $111.6M in FY23 (-34.7%).
- Operating income $230.3M vs $274.9M; margin 5.9% vs 6.7%.
- Total assets $3,787.4M; long-term debt $1,138.7M; equity $794.8M.
- Acquisition valued ~$4.0B ($2.7B cash + $1.3B stock), closed Feb 5, 2025.