Somnigroup reaffirms 2026 profit forecast at $2.90 midpoint
Somnigroup said its 2026 adjusted EPS forecast stays at $2.90 at the midpoint. Third-quarter adjusted EPS of $1.04 was below the $1.06 consensus estimate, and revenue of $2.35 billion missed the $2.45 billion estimate.
Key takeaways
- Somnigroup (SGI) released an updated investor presentation on Nov. 9 that restates its 2026 adjusted EPS forecast of $2.90 at the midpoint. The deck also shows third-quarter adjusted EPS of $1.04 and revenue of $2.35 billion, with the company targeting 2028 adjusted EPS of $5.15.
Somnigroup (SGI) held its 2026 adjusted EPS forecast at $2.90 at the midpoint of its $2.85 to $2.95 range.
Shares were little changed at 10:09 a.m. ET, from a $64.17 close.
It expects about $8.65 billion in sales and $1.4 billion in adjusted EBITDA at the midpoint.
Third-quarter net sales rose to $2.35 billion from $2.12 billion, missing the $2.45 billion estimate. Adjusted EPS of $1.04 fell short of the $1.06 consensus, up from $0.95.
The Leggett & Platt acquisition closed Aug. 26. Leverage was 2.7 times at Sept. 30, with about $1.1 billion in liquidity.
An updated investor presentation on Nov. 9 targets $5.15 in adjusted EPS for 2028, built on Leggett accretion and synergies.