secwatch.observer — SEC 8-K summary
======================================

Issuer:     SOMNIGROUP INTERNATIONAL INC. (SGI)
CIK:        0001206264
Form:       8-K/A
Filed at:   2025-02-28T23:59:59+00:00
Accession:  0001206264-25-000059
Event type: m_and_a
Sentiment:  negative
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SomniGroup closes Mattress Firm acquisition; acquired co's FY24 revenue $3.9B, net income $73M
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1206264/000120626425000059/0001206264-25-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1206264/000120626425000059/sgi-20250205.htm
  HTML page:      https://secwatch.observer/filing/0001206264-25-000059

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer