Somnigroup Announces 2024 Financial Results and Dividend Increase

Summary

Somnigroup International Inc. reported a 3% increase in fourth-quarter net sales to $1.2 billion and increased its quarterly cash dividend by 15% to $0.15 per share, payable on March 20, 2025. The company also issued financial guidance for 2025, expecting adjusted EPS between $2.60 and $3.00. The increase in dividend marks the fifth increase in the last four years.