secwatch.observer — SEC 8-K summary
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Issuer:     SOMNIGROUP INTERNATIONAL INC. (SGI)
CIK:        0001206264
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001206264-26-000065
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Somnigroup Q1 2026 adjusted EPS $0.59; FY2026 guidance $3.00-$3.40; Leggett & Platt deal updated.
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1206264/000120626426000065/0001206264-26-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1206264/000120626426000065/sgi-20260507.htm
  HTML page:      https://secwatch.observer/filing/0001206264-26-000065

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