Somnigroup reports Q3 adjusted EPS 95c, consensus 86c

Reports Q3 revenue $2.12B, consensus $2.06B. Company Chairman and CEO Scott Thompson commented, “We are pleased to report record sales, profits and operating cash flow in the third quarter, driven by strong operational execution across all of Somnigroup’s (SGI) business units, augmented by progress on our acquisition-related sales and cost synergy initiatives. This quarter’s strong results were underpinned by slightly improving bedding industry trends. We are encouraged by our success this quarter and are well positioned to further leverage our leading manufacturing and retailing capabilities, trusted brands and broad omni-channel distribution footprint to capitalize on improvements across markets.”