Somnigroup Reports 35% First Quarter Net Sales Growth and Declares Dividend

Summary

Somnigroup International Inc. reported a 35% increase in net sales to $1.60 billion for the first quarter of 2025, driven by the inclusion of Mattress Firm's operations. The company reported an adjusted net income of $97.0 million and a loss per diluted share of $(0.17) for the quarter. Somnigroup also declared a quarterly cash dividend of $0.15 per share, payable on June 5, 2025, to shareholders of record as of May 22, 2025. The financial results reflect the impact of the acquisition of Mattress Firm and include non-GAAP financial measures adjusted for acquisition-related costs and other transaction expenses.