Welcome to our dedicated page for Somnigroup International news (Ticker: SGI), a resource for investors and traders seeking the latest updates and insights on Somnigroup International stock.
Somnigroup International Inc. reports developments for a global bedding company with design, manufacturing, distribution and retail operations. Its businesses include Tempur Sealy, Mattress Firm and Dreams, with brands such as Tempur-Pedic, Sealy, Stearns & Foster and Sleepy's serving consumers through stores, wholesale relationships and digital channels.
Recurring news includes quarterly operating results and guidance, cash dividends, investor presentations, retail promotions at Mattress Firm, and product or research activity tied to Tempur-Pedic and Sleeptracker-AI. Coverage also reflects segment performance across Mattress Firm, Tempur Sealy North America and Tempur Sealy International.
Somnigroup International (NYSE: SGI), through its subsidiary Mattress Firm, released its 2024 “Sleep Uncovered” report, created with SleepScore Labs, highlighting strong links between sleep quality and exercise performance. Among surveyed exercisers, 86% reported that poor sleep caused a moderate or significant decline in athletic performance.
The report found respondents who never exercise had an average sleep debt of 2 hours 41 minutes, versus 1 hour 33 minutes for occasional exercisers and 1 hour 28 minutes for frequent exercisers. In a separate test of eight athletes, personalized Mattress Firm sleep systems reduced average time awake after initially falling asleep from 49 to 32 minutes and increased average deep sleep proportion from 17% to 21%, according to Mattress Firm.
Tenable Holdings (NASD: TENB) will be added to the S&P SmallCap 600, replacing Leggett & Platt (NYSE: LEG), effective prior to the open on August 31, 2026, according to S&P Dow Jones Indices. Leggett & Platt is being acquired by Somnigroup International (NYSE: SGI), a constituent of the S&P MidCap 400, in a transaction expected to close soon, subject to final conditions.
The index change will place Tenable in the Information Technology sector within the S&P SmallCap 600, while Leggett & Platt, classified in Consumer Discretionary, will be deleted from that index on the same effective date.
Somnigroup International (NYSE: SGI) has appointed Tyson Hagale as President of Leggett & Platt, effective immediately. He will oversee all of Leggett & Platt and report to Karl Glassman, Chief Executive Officer of Leggett & Platt.
According to Somnigroup, Hagale has 25 years of experience at Leggett & Platt, spanning mergers and acquisitions, strategic planning and operational leadership, including leading a major restructuring as President of the Bedding Products segment. Somnigroup Chairman and CEO Scott Thompson highlighted Hagale's long-standing industry relationships, broad business knowledge beyond bedding, and alignment with Leggett & Platt's core values. Hagale will be based in Carthage, Missouri.
Somnigroup (NYSE: SGI) has completed its previously announced all-stock combination with Leggett & Platt, valuing the deal at approximately $2.3 billion based on Somnigroup’s August 25, 2026 share price, inclusive of Leggett & Platt’s existing debt. Leggett & Platt shareholders received 0.1455 SGI shares for each of their shares and now own about 9% of the combined company on a fully diluted basis.
The combined group operates over 170 manufacturing facilities in 37 countries with more than 36,000 employees/b. Somnigroup reports that the transaction reduces its net leverage to roughly at close, identifies $75 million in annual run-rate synergies, and plans further detail on a September 2, 2026 business update call. Somnigroup also expects about $60 million in annualized non-cash expenses related to fair value adjustments of the acquired business and bonds.
Leggett & Platt (NYSE: LEG) reported that its shareholders have voted to approve the proposed merger of the company with Somnigroup International (NYSE: SGI). The merger still requires at least one remaining regulatory approval and other closing conditions before the companies can complete the transaction.
Somnigroup International (NYSE: SGI) reported second quarter 2026 net sales of $1.82 billion, down 3.0% year over year, while EPS rose 10.6% to $0.52 and adjusted EPS increased 9.4% to $0.58. Gross margin expanded to 44.8%, with adjusted gross margin at 45.1%.
Operating income grew 12.1% to $201.7 million and net income increased 12.0% to $110.9 million. The company highlighted record second-quarter cash flows from operations of $236 million and reduced leverage to 2.99x adjusted EBITDA, with consolidated indebtedness less netted cash of about $4.3 billion.
By segment, Mattress Firm net sales declined 2.8% and margins contracted, North America net sales fell 5.7% but adjusted gross margin improved 680 basis points to 61.8%, and International net sales grew 2.0% with margin pressure. For full-year 2026, Somnigroup now expects adjusted EPS of $2.85–$3.15, about 11% above 2025 at the midpoint. The company also reiterated its proposed all-stock acquisition of Leggett & Platt valued at approximately $2.5 billion including debt, and declared a quarterly dividend of $0.17 per share.
Somnigroup (NYSE: SGI) declared a third quarter 2026 cash dividend of $0.17 per share on its common stock. The dividend will be payable on September 3, 2026 to shareholders of record as of August 20, 2026, as approved by the Board of Directors.
Leggett & Platt (NYSE: LEG) reported 2Q26 sales of $1.0 billion, down 6% year over year, with a 5% drag from 2025 divestitures and 1% lower organic sales. Volume declined 4%, partly offset by 2% raw‑material pricing and 1% currency benefit.
EBIT was $80 million versus $90 million a year ago, while adjusted EBIT rose to $89 million from $76 million, lifting adjusted EBIT margin to 8.9% from 7.1%. EPS was $0.33, down from $0.38, but adjusted EPS increased to $0.39 from $0.30.
Net debt was 2.6x trailing 12‑month adjusted EBITDA, with total debt of $1.5 billion in three $500 million bonds. Operating cash flow was $45.8 million, down 45% versus 2Q25. The quarterly dividend was maintained at $0.05 per share, with a third‑quarter dividend declared for August 24, 2026.
By segment, Bedding Products trade sales declined 1% but adjusted EBIT nearly tripled; Specialized Products trade sales fell 19%, largely from an Aerospace divestiture; Furniture, Flooring & Textile Products trade sales grew 1% with higher EBIT. Leggett & Platt continues to advance its pending acquisition by Somnigroup International (NYSE: SGI), with shareholder approval and remaining regulatory clearances outstanding and prior 2026 guidance withdrawn while the transaction is pending.
Mattress Firm (NASDAQ:SGI) announced a nationwide expansion of the Kingsdown Wesley Collection, increasing its availability to nearly 800 stores after a strong initial launch. Developed with Kingsdown, the luxury innerspring line emphasizes elevated comfort, premium craftsmanship and lasting support using luxury Italian yarns, advanced comfort materials and responsibly sourced components.
Mattress Firm has launched its Best Sale of the Year, running from July 29 to September 29, 2026, offering discounts on mattresses, adjustable bases and accessories. According to the company, the event coincides with back-to-school routines and targets adults who report difficulty staying asleep.
Key offers include king mattresses for the price of a queen and queens for the price of a twin on select models, with savings up to $700, a free Sleepy’s Basic adjustable base (valued at $299.99) with qualifying mattress purchases, and select mattresses at one price in any size starting at $249.99. Shoppers can also buy a Sleepy’s by Sealy Spring Luna Euro Top mattress plus adjustable base bundle for $499.99, save up to $150 on accessory bundles, and receive up to a $300 instant gift on premium brands such as Tempur-Pedic, Stearns & Foster and Sealy Posturepedic.
Financing options include 0% interest for 36–72 months with a Mattress Firm credit card (subject to approval and terms), 3% back via Visa prepaid card with up to 24 months special financing on qualifying purchases, $1 initial payment lease-to-own through Progressive Leasing for a limited period, and payment plans via Affirm with APRs starting at 0%, subject to eligibility.