other material
confidence high
sentiment positive
materiality 0.85
Somnigroup Q1 2026 adjusted EPS $0.59; FY2026 guidance $3.00-$3.40; Leggett & Platt deal updated.
SOMNIGROUP INTERNATIONAL INC.
- Q1 net sales $1.8B (+12.3% YoY), GAAP net income $104M vs. loss of $33M, adjusted EPS $0.59 vs. $0.49.
- FY2026 outlook: adjusted EPS $3.00-$3.40, sales ~$7.8B, adjusted EBITDA ~$1.45B, capex $225M.
- Leggett & Platt acquisition: $2.5B all-stock, 0.1455 shares per L&P share, close by year-end 2026, accretive to adjusted EPS, $50M annual cost synergies.
- Mattress Firm acquisition synergies total $235M by 2027 ($105M sales, $135M cost).
- Long-term target: 2028 adjusted EPS ~$5.15, 24% CAGR from 2025 $2.70; target leverage 2x-3x.