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Somnigroup International Inc. (SGI)
:SGI
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.47Last Year’s EPS
0.5Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: -12.45%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of optimism and caution. The company highlighted strong financial performance, successful merger completion, and international growth, but also faced challenges from declining U.S. market demand and economic uncertainties. Despite these challenges, the company anticipates market normalization and growth, driven by new product launches and strategic initiatives.Company Guidance
During the Somnigroup Fourth Quarter 2024 Earnings Call, the company provided guidance for 2025, anticipating adjusted earnings per share (EPS) between $2.60 and $3.00, which represents a 10% growth over 2024. The projected sales for 2025, after intercompany eliminations, are expected to range from $7.5 billion to $7.8 billion. The company forecasts a stable global bedding industry with slight headwinds in the first half and recovery in the second half of 2025. Somnigroup plans to maintain its historical segments with the addition of a new segment for the Mattress Firm business, acquired in February 2025. They expect to realize at least $100 million in annual run-rate synergies by 2028, with first-year synergies benefiting approximately $10 million primarily in the latter half of the year. The expected capital expenditures for 2025 are approximately $250 million, including $50 million for refreshing Mattress Firm stores, with a normalized run-rate CapEx of $200 million in the long term.Strong Financial Performance in 2024
Net sales were approximately $1.2 billion in Q4 2024 and adjusted EPS was $0.60, outperforming expectations. Full-year free cash flow was $569 million, the strongest since 2021.
Successful Merger and New Branding
Completed the merger of Mattress Firm and Tempur Sealy, forming Somnigroup International (SGI). SGI is poised to become a global provider of sleep solutions.
International Business Growth
International net sales increased 14% on a reported basis in Q4 2024, with strong performance in key markets such as the U.K., Germany, China, and Australia.
Significant Gross Margin Expansion
Achieved a year-over-year improvement of 130 basis points in consolidated gross margin in 2024.
Debt Reduction
Reduced debt-to-adjusted EBITDA leverage ratio from 2.9 times to 2.3 times over the year, demonstrating disciplined cash management.
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SGI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SGI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | $66.64 | $65.07 | -2.36% |
| Nov 07, 2024 | $49.63 | $53.74 | +8.28% |
| Aug 06, 2024 | $48.24 | $47.87 | -0.77% |
| May 07, 2024 | $49.64 | $51.56 | +3.87% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Somnigroup International Inc. (SGI) report earnings?
Somnigroup International Inc. (SGI) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Somnigroup International Inc. (SGI) earnings time?
Somnigroup International Inc. (SGI) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SGI EPS forecast?
SGI EPS forecast for the fiscal quarter 2025 (Q1) is 0.47.
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