Somnigroup Stories Robust Q3 Outcomes » BedTimes Journal
Boosted by its current acquisition of Mattress Agency, Somnigroup reported report gross sales, income and working money circulate within the third quarter.
The corporate stated gross sales elevated 63.3% to $2.12 billion — a rise pushed primarily by $1.07 billion in gross sales from Mattress Agency, which was acquired by Somnigroup on Feb. 5. The gross sales determine was offset by the accounting elimination of $313.7 million in gross sales to Mattress Agency from its Tempur Sealy North American manufacturing section.
Internet earnings jumped 36.5% to $177.4 million, or 83 cents per share, and gross margin elevated to 44.9% from 42.4% in final yr’s third quarter.
Scott Thompson, chairman and CEO, stated the outcomes had been pushed by “sturdy operational execution throughout all of Somnigroup’s enterprise models, augmented by progress on our acquisition-related gross sales and value synergy initiatives.”
“This quarter’s sturdy outcomes had been underpinned by barely bettering bedding business traits,” Thompson added. “We’re inspired by our success this quarter and are effectively positioned to additional leverage our main manufacturing and retailing capabilities, trusted manufacturers and broad omni-channel distribution footprint to capitalize on enhancements throughout markets.”
The corporate stated gross sales from Tempur Sealy North American totaled $736.1 million, down from $1.02 billion in the identical quarter final yr. The lower was attributed to the elimination of gross sales to Mattress Agency, in addition to the divestiture of its Sleep Outfitters retail chain.
Tempur Sealy Worldwide gross sales had been $315.7 million, a rise of 10.9% from final yr’s third quarter.
For the 9 months ending Sept. 30, complete gross sales had been $5.61 billion, a rise of greater than 50% from the primary 9 months of 2024.
9-month internet earnings totaled $243.3 million or $1.17 per share. That was down from $312.4 million or $1.75 per share in the identical interval final yr.
For the 2025 calendar yr, Somnigroup boosted its projection of adjusted earnings per share to a variety of $2.60 to $2.75. That’s up from an August projection of $2.40 to $2.70.
The brand new projection accounts for about 11 months of Mattress Agency operations, internet of intercompany gross sales, and the divestiture of Sleep Outfitters and 73 Mattress Agency shops, which closed Might 1.
