Somnigroup reports Q1 adjusted EPS 59c, consensus 57c

Reports Q1 revenue $1.8B, consensus $1.83B. Company Chairman and CEO Scott Thompson commented, “While navigating challenging market conditions, we delivered solid financial results this quarter, including a robust 20% increase in adjusted EPS. Our performance in this muted market environment reflects the strength of our business and our continued focus on operational discipline and supporting our customers. Our scale, trusted brands, and omnichannel capabilities provide a solid foundation to succeed and support long-term value creation.”