Goldman resumed coverage of Somnigroup International with a rating of Neutral and set a new price target of $57.00

Jefferies initiated coverage of Somnigroup International with a rating of Hold

DALLAS, May 12, 2025 /PRNewswire/ -- Somnigroup International Inc. (NYSE:SGI, ", Company", or ", Somnigroup", )) today announced the pricing of the previously announced secondary offering (the "Offering") of 15,376,743 shares of its common stock at a price to the public of $62.00 per share. All of the shares of common stock are being sold by the former majority shareholder of Mattress Firm Group Inc., which shareholder is a subsidiary of IBEX Topco B.V., and Somnigroup will not receive any of the proceeds from the Offering. The Offering is expected to close on or about May 13, 2025, subject to customary closing conditions. Goldman Sachs & Co. LLC is acting as the sole underwriter for the Of

DALLAS, May 12, 2025 /PRNewswire/ -- Somnigroup International Inc. (NYSE:SGI, ", Company", or ", Somnigroup", )) today announced the launch of a secondary offering (the "Offering") of 15,376,743 shares of its common stock, par value $0.01 per share, by the former majority shareholder of Mattress Firm Group Inc., which shareholder is a subsidiary of IBEX Topco B.V. (the "Selling Stockholder"). All of the shares of common stock are being sold by the Selling Stockholder, and Somnigroup will not receive any of the proceeds from the Offering. Goldman Sachs & Co. LLC is acting as the sole underwriter for the Offering. The shares of common stock are being offered pursuant to the Company's automati

LEXINGTON, Ky., May 8, 2025 /PRNewswire/ -- Somnigroup International Inc. (NYSE:SGI, ", Company", or ", Somnigroup", )) today announced that its Board of Directors has declared a second quarter cash dividend on its common stock of $0.15 per share. The dividend is payable on June 5, 2025, to shareholders of record as of May 22, 2025. About Somnigroup International Inc. Somnigroup is the world's largest vertically-integrated bedding company. We are dedicated to improving people's lives through better sleep. With superior capabilities in design, manufacturing, distribution and retail, we deliver breakthrough sleep solutions and serve the evolving needs of consumers in more than 100 countries w

- First Quarter 2025 Net Sales Growth of 35%- Strong First Quarter Cash Flow from Operations of $106 Million DALLAS, May 8, 2025 /PRNewswire/ -- Somnigroup International Inc. (NYSE:SGI, ", Company", )) announced financial results for the first quarter ended March 31, 2025 and revised financial guidance for the full year 2025. On February 5, 2025, the Company completed its previously reported acquisition of Mattress Firm. The Company's 2025 first quarter financials include Mattress Firm's operations for the period February 5, 2025 through March 31, 2025 (the "stub period"). FIRST QUARTER 2025 FINANCIAL SUMMARY Total net sales increased 34.9% to $1,604.7 million as compared to $1,189.4 millio

DALLAS, May 6, 2025 /PRNewswire/ -- Somnigroup International Inc. (NYSE:SGI, ", Company", or ", Somnigroup", )) today provided an update with respect to the Company's U.S. retail operations at Mattress Firm, Inc. ("Mattress Firm"). Mattress Firm is the largest mattress specialty retailer in the US. The Company announced today that Mattress Firm has signed supply arrangements with two leading bedding manufacturers. Mattress Firm has entered into supply arrangements with Purple Innovation, Inc. ("Purple") and Leggett & Platt, Inc. ("Leggett & Platt"). These arrangements are for distribution and development of mattresses, foundations and other bedding related products across a range of price p

Agreements meaningfully increase Purple's footprint in Mattress Firm stores nationwide and provide Purple with strategic supply support from Tempur Sherwood Bolsters Mattress Firm's position as a multi-branded retailer offering customers more choice and value, while enabling Somnigroup to participate in Purple's future success Purple secures substantial new debt financing to support expansion with Mattress Firm and continued investments in innovation and advertising LEHI, Utah, May 6, 2025 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ:PRPL) ("Purple"), a comfort innovation company known for creating the "World's First No Pressure™ Mattress," today announced that it has entered into an agr

DALLAS, April 22, 2025 /PRNewswire/ -- Somnigroup International Inc. (NYSE:SGI, ", Company", or ", Somnigroup", )) today announced that Kindel Nuño has joined the Somnigroup executive team as its Chief Human Resources Officer, effective May 5, 2025.  Ms. Nuño will report to Scott Thompson, the Chairman, President and CEO of Somnigroup. "During her tenure as Mattress Firm's Executive Vice President, Legal and General Counsel, Kindel has developed a deep understanding of a retail business through the eyes of its people and culture," Thompson remarked. "She has worked in partnership with the executive team and Board of Directors to implement strategic initiatives in compliance not only with ru

LEXINGTON, Ky., April 15, 2025 /PRNewswire/ -- Somnigroup International Inc. (NYSE:SGI, ", Company", or ", Somnigroup", )) will release its financial results for the first quarter ended March 31, 2025, before the NYSE opening of regular trading on Thursday, May 8, 2025. The Company will hold a conference call at 8:00 a.m. Eastern Time. The call will be webcast and can be accessed on the Company's investor relations website at www.somnigroup.com. After the conference call, a webcast replay will remain available on the website for 30 days. About Somnigroup Somnigroup (NYSE: SGI) is the world's largest vertically-integrated bedding company. We are dedicated to improving people's lives through

LEXINGTON, Ky., March 5, 2025 /PRNewswire/ -- Somnigroup International, Inc. (NYSE:SGI, ", Company", or ", Somnigroup", )) today announced that Steve Rusing has been appointed President of Mattress Firm, effective March 10, 2025. Mr. Rusing will report to Scott Thompson, Interim Chief Executive Officer of Mattress Firm, and the Chairman, President and CEO of Somnigroup. Mattress Firm's executive leadership team will report to Mr.  Rusing.  "Steve is one of the most experienced and well-respected executives in the bedding industry, and I am excited that he will lead the talented team at Mattress Firm as it begins a new chapter within the Somnigroup portfolio," commented Thompson.  "Over the

–  Increases quarterly cash dividend 15% to $0.15 per share LEXINGTON, Ky., Feb. 20, 2025 /PRNewswire/ -- Somnigroup International Inc. (NYSE:SGI, ", Company", or ", Somnigroup", )) today announced that its Board of Directors has declared a first quarter cash dividend on its common stock of $0.15 per share. The dividend is payable on March 20, 2025 to shareholders of record as of March 6, 2025.  Somnigroup Chairman and CEO Scott Thompson commented, "We are pleased to announce this increase to our quarterly dividend. Our Board of Directors increased the quarterly dividend to $0.15 per share based on the strength of the Company's market position and demonstrated ability to generate significan