Somnigroup Reports Q3 2026 Results with Growth Driven by Leggett & Platt Acquisition
Somnigroup (SGI) reported third-quarter net sales of $2,350.8 million, a 10.8% increase year-over-year, largely fueled by the integration of Leggett & Platt. Despite the revenue growth, adjusted gross margins fell to 43.0% from 45.6% due to changes in product mix following the acquisition. Adjusted EPS rose 9.5% to $1.04. The company faced significant operational headwinds, specifically within its Dreams unit, where an ERP platform replacement caused manufacturing and delivery delays, resulting in a $50 million loss in sales. Additionally, Mattress Firm saw a 5.8% decline in net sales due to softer online performance and macroeconomic uncertainty, while Tempur Sealy International sales dropped 12.3% due to the Dreams disruption.
Topics: acquisition impact adjusted eps mattress market net sales operational disruptions
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