DALLAS – Somnigroup International Inc. reported record fourth-quarter net sales Tuesday, crediting the first full quarter of results from its Mattress Firm acquisition for a more-than-50% surge in revenue as the company issued bullish long-term earnings guidance.
The Dallas-based company said fourth-quarter net sales climbed 54.7% to $1.87 billion, compared with $1.21 billion in the same period a year earlier. The increase was primarily driven by the addition of $892.1 million in Mattress Firm sales, partly offset by a $269 million accounting elimination of intersegment sales between the Tempur Sealy North America and Mattress Firm divisions.
Operating income jumped 93.7% to $247.1 million, up from $127.6 million in the fourth quarter of 2024. Adjusted earnings per share rose 20% to $0.72. Gross margin improved to 44% from 40.1% in the year-ago period…