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Quarterly Dividend
Somnigroup International Inc. declared a quarterly cash dividend of $0.17 per share, payable on September 3, 2026, to shareholders of record as of August 20, 2026.
Second Quarter 2026 Consolidated Financial Performance (vs. Second Quarter 2025)
- Total Net Sales: Decreased 3.0% to $1,823.5 million from $1,880.8 million.
- Gross Margin: Was 44.8%, up from 44.0%. Adjusted gross margin was 45.1%, up from 44.2%.
- Operating Income: Increased 12.1% to $201.7 million from $179.9 million. Adjusted operating income decreased 3.5% to $216.6 million from $224.4 million.
- Net Income: Increased 12.0% to $110.9 million from $99.0 million. Adjusted net income increased 8.4% to $122.6 million from $113.1 million.
- Leverage Ratio: The ratio of consolidated indebtedness less netted cash to adjusted EBITDA was 2.99 times for the trailing twelve months ended June 30, 2026, compared to 3.56 times for the trailing twelve months ended June 30, 2025.
- Total Debt, Net: $4,408.5 million as of June 30, 2026.
- Consolidated Indebtedness less Netted Cash: $4,324.3 million.
Second Quarter 2026 Business Segment Highlights
Mattress Firm
- Net Sales: Decreased 2.8% to $922.2 million from $948.8 million, primarily due to store closures. Same store sales were up slightly.
- Gross Margin: Was 33.3%, down from 35.6%. Adjusted gross margin declined 240 basis points to 33.3% from 35.7%.
- Operating Margin: Was 6.4%, down from 6.7%. Adjusted operating margin declined 130 basis points to 6.5% from 7.8%.
Tempur Sealy North America
- Net Sales to Mattress Firm: Increased 11.6% to $294.0 million from $263.5 million.
- Reported Net Sales: Decreased 5.7% to $601.8 million from $638.4 million. Wholesale channel net sales decreased 5.5% to $504.4 million. Direct channel net sales decreased 6.7% to $97.4 million.
- Gross Margin: Was 61.1%, up from 54.5%. Adjusted gross margin improved 680 basis points to 61.8% from 55.0%.
- Operating Margin: Was 25.9%, up from 20.4%. Adjusted operating margin improved 400 basis points to 26.7% from 22.7%.
Tempur Sealy International
- Net Sales: Increased 2.0% to $299.5 million from $293.6 million. On a constant currency basis, net sales increased 1.3%. Direct channel net sales decreased 1.2% to $182.7 million. Wholesale channel net sales increased 7.5% to $116.8 million.
- Gross Margin: Declined 80 basis points to 47.4% from 48.2%.
- Operating Margin: Declined 120 basis points to 12.4% from 13.6%.
Corporate Operating Expense
- Corporate Operating Expense: Decreased to $50.8 million from $53.2 million. Adjusted operating expense was $41.0 million from $34.4 million.
Six Months Ended June 30, 2026 Cash Flow (vs. 2025)
- Net Cash Provided by Operating Activities: Increased to $482.8 million from $292.5 million.
- Net Cash Used in Investing Activities: - $115.1 million compared to - $2,878.1 million.
- Net Cash (Used in) Provided by Financing Activities: - $384.0 million compared to $940.2 million.
- Cash and Cash Equivalents, End of Period: $112.0 million compared to $98.1 million.
Outlook / Guidance
Somnigroup International Inc. revised its financial guidance for 2026, expecting adjusted EPS to be in the range of $2.85 to $3.15. This represents an approximate 11% increase from 2025 adjusted EPS at the mid-point of the range. These expectations are subject to changing conditions and risks, including geopolitical events and potential tariffs.