Global mattress manufacturing and retail group Somnigroup International has reported a growth in sales during the first quarter.
According to its latest trading update for Q1 ended 31 March 2026, total sales increased 12.3% to $1,801.5 million as compared to $1,604.7 million in the first quarter of 2025.
This was primarily driven by the inclusion of Mattress Firm sales for a full quarter as compared to the first quarter of 2025.
Gross margin was 43.1% as compared to 36.2% in the first quarter of 2025, while net income increased 414.8% to $104.2 million as compared to net loss of $(33.1) million in the first quarter of 2025.
Mattress Firm net sales increased 49.2% to $885.9 million as compared to $593.7 million in the first quarter of 2025. Tempur Sealy North America net sales decreased 20.2% to $563.5 million as compared to $706.2 million. Tempur Sealy International net sales increased 15.5% to $352.1 million as compared to $304.8 million.
On 13 April 13 2026, the company announced it has signed a definitive agreement to acquire Leggett & Platt, Incorporated (Leggett & Platt), a diversified component manufacturer, in an all-stock transaction valued at approximately $2.5 billion based on the closing price of Somnigroup International’s common stock as of 10 April 2026 and inclusive of Leggett & Platt’s existing indebtedness.
The Company expects the transaction to close by year-end 2026, subject to the satisfaction of customary closing conditions, including approval by Leggett & Platt’s shareholders and receipt of applicable regulatory approvals.
Company Chairman and CEO Scott Thompson commented: “While navigating challenging market conditions, we delivered solid financial results this quarter, including a robust 20% increase in adjusted EPS.
“Our performance in this muted market environment reflects the strength of our business and our continued focus on operational discipline and supporting our customers. Our scale, trusted brands, and omnichannel capabilities provide a solid foundation to succeed and support long–term value creation.”
