{"url_path":"/sec/sgi/10-q/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-08","source_url":"https://www.sec.gov/Archives/edgar/data/1206264/0001206264-26-000067-index.html","accession_number":"0001206264-26-000067","cik":"0001206264","ticker":"SGI","issuer_name":"SOMNIGROUP INTERNATIONAL INC.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1206264/0001206264-26-000067-index.html","primary_entity_key":"0001206264","primary_entity_name":"SOMNIGROUP INTERNATIONAL INC."},"word_count":1581,"has_tables":true,"body_markdown":"sgi-20260331\n0001206264December 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STATES\n\nSECURITIES AND EXCHANGE COMMISSION\n\nWASHINGTON, D.C. 20549\n\nFORM 10-Q\n\n☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\n For the quarterly period ended March 31, 2026\n\nor\n\n☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the transition period from to .\n\nCommission file number 001-31922\n\nSOMNIGROUP INTERNATIONAL INC.\n\n(Exact name of registrant as specified in its charter)\n\nDelaware 33-1022198\n\n(State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.)\n\n 100 Crescent Ct. Suite 700\n\nDallas, Texas 75201\n\n(Address of principal executive offices)\n\nRegistrant’s telephone number, including area code: (800) 878-8889\n\nSecurities registered pursuant to Section 12(b) of the Act:\n\nTitle of each classTrading Symbol(s)Name of exchange on which registered\n\nCommon Stock, $0.01 par valueSGINew York Stock Exchange\n\nIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ý  Yes  o No \n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).  ý Yes    o No\n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definitions of \"large accelerated filer,\" \"accelerated filer,\" \"smaller reporting company\" and \"emerging growth company\" in Rule 12b-2 of the Exchange Act.\n\nLarge accelerated filerAccelerated filerNon-accelerated filerSmaller reporting companyEmerging Growth Company\n\nx\n o\n\n o\n☐☐\n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨\n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act.): Yes ☐ No ý\n\nThe number of shares outstanding of the registrant’s common stock as of May 4, 2026 was 210,340,624 shares.\n\n[Table of Contents](#ib40bc6f64d7249338c9f38da3eb86feb_10)\n\nSpecial Note Regarding Forward-Looking Statements\n\nThis Quarterly Report on Form 10-Q, (this \"Report\"), including the information incorporated by reference herein, contains \"forward-looking statements\" within the meaning of Section 27A of the Securities Act of 1933, as amended (the \"Securities Act\"), and Section 21E of the Securities Exchange Act of 1934, as amended (the \"Exchange Act\"), which includes information concerning one or more of our plans; objectives; goals; strategies and other information that is not historical information. Many of these statements appear, in particular, under the heading \"Management's Discussion and Analysis of Financial Condition and Results of Operations\" in Part I, ITEM 2 of this Report. When used in this Report, the words \"assumes,\" \"estimates,\" \"expects,\" \"guidance,\" \"anticipates,\" \"might,\" \"projects,\" \"predicts,\" \"plans,\" \"proposed,\" \"targets,\" \"intends,\" \"believes,\" \"will,\" \"may,\" \"could,\" \"is likely to\" and variations of such words or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based upon our current expectations and beliefs and various assumptions. There can be no assurance that we will realize our expectations or that our beliefs will prove correct.\n\nNumerous factors, many of which are beyond the Company's control, could cause actual results to differ materially from any that may be expressed herein as forward-looking statements in this Report. These risk factors include the impact of the macroeconomic environment including its impact on consumer behavior in both the U.S. and internationally on our business segments and expectations regarding growth of the mattress industry; changes in economic conditions, including inflationary trends in the price of raw materials; uncertainties arising from global and geo-political events (including the war in Ukraine and the war in the Middle East) and any related effect on pricing, sales and supply of materials, labor costs and other employment-related costs; the imposition of new tariffs and retaliatory tariffs, increases in existing tariffs and other changes in trade policy and regulations; loss of suppliers and disruptions in the supply of raw materials; competition in our industry; the effects of strategic investments on our operations, including our efforts to expand our global market share and actions taken to increase sales growth including the acquisition of Mattress Firm; expectations regarding post-closing supply agreements, future performance, synergies and integration of acquired companies with our business, including Mattress Firm; the ability to close the pending Leggett & Platt acquisition, which depends on the satisfaction of customary closing conditions, including approval by Leggett & Platt's shareholders and receipt of applicable regulatory approvals; the ability to successfully integrate Mattress Firm and Leggett & Platt into the Company's operations and realize all synergies from the transactions; the possibility that the expected benefits of the Mattress Firm and Leggett & Platt acquisitions are not realized when expected or at all; general economic, financial and industry conditions, particularly conditions relating to the financial performance and related credit issues present in the retail sector, as well as consumer confidence and the availability of consumer financing; the ability to develop and successfully launch new products; capital project timelines; the ability to realize all synergies and benefits of acquisitions (including the merger with Mattress Firm and Leggett & Platt); our reliance on information technology (\"IT\") and the associated risks involving realized or potential security lapses and/or cyber based attacks; the impact of cybersecurity incidents on our business, results of operations or financial condition, including our assessments of such impact; the Company's ability to restore its critical operational data and IT systems in a reasonable time frame following a cybersecurity incident; changes in interest rates; effects of changes in foreign exchange rates on our reported earnings; expectations regarding our target leverage and our share repurchase program; compliance with regulatory requirements and the possible exposure to liability for failures to comply with these requirements; the outcome of pending tax audits or other tax, regulatory or investigation proceedings and pending litigation; changes in foreign tax rates and changes in tax laws generally, including the ability to utilize tax loss carryforwards and the H.R. 1 tax act (\"Tax Act\"); and our capital structure and debt level, including our ability to meet financial obligations and continue to comply with the terms and financial ratio covenants of our credit facilities.\n\nOther potential risk factors include the factors discussed in our Annual Report on Form 10-K for the year ended December 31, 2025 (the \"2025 Annual Report\"). In addition, there may be other factors that may cause our actual results to differ materially from the forward-looking statements.\n\nAll forward-looking statements attributable to us apply only as of the date of this Report and are expressly qualified in their entirety by the cautionary statements included in this Report. Except as may be required by law, we undertake no obligation to publicly update or revise any of the forward-looking statements, whether as a result of new information, future events or otherwise.\n\n2\n\n[Table of Contents](#ib40bc6f64d7249338c9f38da3eb86feb_10)\n\nWhen used in this Report, except as specifically noted otherwise, the term \"Somnigroup International\" refers to the parent company Somnigroup International Inc. only, and the terms \"Somnigroup,\" \"Company,\" \"we,\" \"our,\" \"ours\" and \"us\" refer to Somnigroup International Inc. and its consolidated subsidiaries. When used in this Report, the term \"Tempur\" may refer to Tempur-branded products and the term \"Sealy\" may refer to Sealy-branded products or to Sealy Corporation and its historical subsidiaries, in all cases as the context requires. When used in this Report, the term \"Mattress Firm\" refers to Mattress Firm Group Inc. and its direct and indirect wholly-owned subsidiaries or Mattress Firm Group LLC and its direct and indirect wholly-owned subsidiaries as the context requires, and the term \"Mattress Firm Acquisition\" refers to the acquisition of Mattress Firm which was finalized on February 5, 2025. In addition, when used in this Report, \"2023 Credit Agreement\" refers to the Company's senior credit facility entered into in 2023, and amended in February 2024, October 2024 and June 2025; \"Term B Loan\" refers to the incremental term B loan facility entered into in 2024; \"Delayed Draw Term A Loan\" refers to the delayed draw term A loan commitment entered into in 2024; \"2029 Senior Notes\" refers to the 4.00% senior notes due 2029 issued in 2021; and \"2031 Senior Notes\" refers to the 3.875% senior notes due 2031 issued in 2021.\n\n3\n\nTABLE OF CONTENTS\n\n \n\n  Page\n\n[Special Note Regarding Forward-Looking Statements](#ib40bc6f64d7249338c9f38da3eb86feb_7)\n\n[2](#ib40bc6f64d7249338c9f38da3eb86feb_7)\n\n  \n\n[PART I. FINANCIAL INFORMATION](#ib40bc6f64d7249338c9f38da3eb86feb_13)\n \n\n   \n\n[ITEM 1.](#ib40bc6f64d7249338c9f38da3eb86feb_16)\n\n[Financial Statements](#ib40bc6f64d7249338c9f38da3eb86feb_16)\n \n\n \n[Condensed Consolidated Statements of Income (Loss)](#ib40bc6f64d7249338c9f38da3eb86feb_19)\n\n[5](#ib40bc6f64d7249338c9f38da3eb86feb_19)\n\n \n[Condensed Consolidated Statements of Comprehensive Income (Loss)](#ib40bc6f64d7249338c9f38da3eb86feb_22)\n\n[6](#ib40bc6f64d7249338c9f38da3eb86feb_22)\n\n \n[Condensed Consolidated Balance Sheets](#ib40bc6f64d7249338c9f38da3eb86feb_25)\n\n[7](#ib40bc6f64d7249338c9f38da3eb86feb_25)\n\n[Condensed Consolidated Statements of Stockholders' Equity](#ib40bc6f64d7249338c9f38da3eb86feb_28)\n\n[8](#ib40bc6f64d7249338c9f38da3eb86feb_28)\n\n \n[Condensed Consolidated Statements of Cash Flows](#ib40bc6f64d7249338c9f38da3eb86feb_34)\n\n[9](#ib40bc6f64d7249338c9f38da3eb86feb_34)\n\n \n[Notes to Condensed Consolidated Financial Statements](#ib40bc6f64d7249338c9f38da3eb86feb_37)\n\n[10](#ib40bc6f64d7249338c9f38da3eb86feb_37)\n\n   \n\n[ITEM 2.](#ib40bc6f64d7249338c9f38da3eb86feb_130)\n\n[Management’s Discussion and Analysis of Financial Condition and Results of Operations](#ib40bc6f64d7249338c9f38da3eb86feb_130)\n\n[21](#ib40bc6f64d7249338c9f38da3eb86feb_130)\n\n   \n\n[ITEM 3.](#ib40bc6f64d7249338c9f38da3eb86feb_190)\n\n[Quantitative and Qualitative Disclosures About Market Risk](#ib40bc6f64d7249338c9f38da3eb86feb_190)\n\n[33](#ib40bc6f64d7249338c9f38da3eb86feb_190)\n\n   \n\n[ITEM 4.](#ib40bc6f64d7249338c9f38da3eb86feb_193)\n\n[Controls and Procedures](#ib40bc6f64d7249338c9f38da3eb86feb_193)\n\n[33](#ib40bc6f64d7249338c9f38da3eb86feb_193)\n\n  \n\n[PART II. OTHER INFORMATION](#ib40bc6f64d7249338c9f38da3eb86feb_196)\n \n\n   \n\n[ITEM 1.](#ib40bc6f64d7249338c9f38da3eb86feb_199)\n\n[Legal Proceedings](#ib40bc6f64d7249338c9f38da3eb86feb_199)\n\n[34](#ib40bc6f64d7249338c9f38da3eb86feb_199)\n\n   \n\n[ITEM 1A.](#ib40bc6f64d7249338c9f38da3eb86feb_202)\n\n[Risk Factors](#ib40bc6f64d7249338c9f38da3eb86feb_202)\n\n[34](#ib40bc6f64d7249338c9f38da3eb86feb_202)\n\n   \n\n[ITEM 2.](#ib40bc6f64d7249338c9f38da3eb86feb_205)\n\n[Unregistered Sales of Equity Securities and Use of Proceeds](#ib40bc6f64d7249338c9f38da3eb86feb_205)\n\n[34](#ib40bc6f64d7249338c9f38da3eb86feb_205)\n\n   \n\n[ITEM 3.](#ib40bc6f64d7249338c9f38da3eb86feb_208)\n\n[Defaults upon Senior Securities](#ib40bc6f64d7249338c9f38da3eb86feb_208)\n\n[34](#ib40bc6f64d7249338c9f38da3eb86feb_208)\n\n[ITEM 4.](#ib40bc6f64d7249338c9f38da3eb86feb_211)\n\n[Mine Safety Disclosures](#ib40bc6f64d7249338c9f38da3eb86feb_211)\n\n[34](#ib40bc6f64d7249338c9f38da3eb86feb_211)\n\n   \n\n[ITEM 5.](#ib40bc6f64d7249338c9f38da3eb86feb_214)\n\n[Other Information](#ib40bc6f64d7249338c9f38da3eb86feb_214)\n\n[35](#ib40bc6f64d7249338c9f38da3eb86feb_214)\n\n   \n\n[ITEM 6.](#ib40bc6f64d7249338c9f38da3eb86feb_217)\n\n[Exhibits](#ib40bc6f64d7249338c9f38da3eb86feb_217)\n\n[36](#ib40bc6f64d7249338c9f38da3eb86feb_217)\n\n  \n\n[Signatures](#ib40bc6f64d7249338c9f38da3eb86feb_220)\n\n[37](#ib40bc6f64d7249338c9f38da3eb86feb_220)\n\n[Table of Contents](#ib40bc6f64d7249338c9f38da3eb86feb_10)\n\nPART I.     FINANCIAL INFORMATION"}