earnings
confidence high
sentiment positive
materiality 0.75
Somnigroup Q2 adjusted EPS $0.58 (+9.4% YoY); net sales $1.82B (-3%); declares $0.17 dividend
SOMNIGROUP INTERNATIONAL INC.
- Net sales $1,823.5M, down 3.0% YoY; gross margin expanded to 44.8% from 44.0%.
- EPS $0.52 (+10.6% YoY); adjusted EPS $0.58 (+9.4% YoY); net income $110.9M (+12%).
- Record Q2 operating cash flow $236M; leverage ratio improved to 2.99x from 3.56x.
- Board declared $0.17/share quarterly dividend, payable Sept 3 to holders of record Aug 20.