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Somnigroup Reports Record Q3 Sales, Up 10.8% After Leggett & Platt Acquisition

Leggett & Platt contributed $372.6 million in sales after its Aug. 26 acquisition. Adjusted EPS hit a record, while GAAP EPS and net income declined.

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Mattress components move along a production line at a bedding factory in Carthage, Missouri. (AI-generated image / EconoTimes)
Mattress components move along a production line at a bedding factory in Carthage, Missouri. (AI-generated image / EconoTimes)

Somnigroup International Inc. booked $2.35 billion in third-quarter 2026 net sales, 10.8% above the year-earlier period, as sales from Leggett & Platt, Incorporated, supplied most of the increase.

The company’s Nov. 9 earnings release put third-quarter 2025 net sales at $2,122.6 million and described the latest quarter’s sales as a record. Somnigroup said the inclusion of Leggett & Platt was the primary driver of growth. It counted the acquired operations from the Aug. 26 closing through Sept. 30, a partial-quarter contribution.

The $372.6 million covers Leggett & Platt’s sales after closing, rather than its activity across a full three-month quarter. That distinction shapes the year-over-year comparison: the latest period includes sales from the acquired business after closing, while the third-quarter 2025 comparison predates the acquisition. Somnigroup reported the contribution as net sales.

Adjusted earnings per share (EPS), which the company classifies as a non-GAAP measure, reached $1.04, up 9.5% from $0.95 in the same quarter of 2025. Somnigroup called it a third-quarter record. GAAP EPS moved in the opposite direction, falling 10.8% to $0.74. Net income declined 7.8% to $163.5 million.

The company said acquisition-related costs were the primary reason operating income fell. The results thus combined record sales and adjusted EPS with lower GAAP EPS and net income; Somnigroup attributed the operating-income decline mainly to costs tied to the acquisition.

For full-year 2026, Somnigroup revised its adjusted EPS outlook to a range of $2.85 to $2.95. It said the midpoint would be about 7% higher than adjusted EPS in 2025. The range is the company’s updated full-year outlook, separate from the reported third-quarter results.

Somnigroup also declared a dividend of $0.17 per share. Shareholders of record on Nov. 23 are due to receive payment on Dec. 7.

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