Mattress Acquisition Effects Intensify… U.S. Bedding Company Sees Surge in Performance and Increased Dividends

Somnigroup International Inc. (NYSE: SGI) announced on February 17 its fourth-quarter and full-year 2025 results. Fourth-quarter revenue surged more than 54% year-over-year to approximately $1.9 billion (roughly KRW 2.5 trillion), while operating income and net income each rose by about 90%. The company said that, driven by the February 2025 acquisition of mattress retailer Mattress Firm and associated synergies, it expects adjusted earnings per share to grow in the double digits in fiscal 2026. With net debt of around $4.6 billion (about KRW 6 trillion), Somnigroup is managing its leverage ratio in the low-three-times range.

In the same filing, the company announced a 13% increase in its quarterly cash dividend to $0.17 per share. It also disclosed that its chief financial officer and other senior executives have been granted performance-based restricted stock units as a long-term incentive, unrelated to open-market share trading.

Earlier, in May 2025, former Mattress Firm major shareholders completed a large secondary offering of common stock, and in September Somnigroup’s share price reached an all-time high in the mid-$80 range, with trading volumes remaining robust post-acquisition. Somnigroup is the world’s largest bedding company, encompassing Tempur Sealy, Sealy, Mattress Firm and UK bedding distributor Dreams. Following the Mattress Firm acquisition, the company rebranded as Somnigroup and began trading on the New York Stock Exchange under the ticker SGI. In the roughly $120 billion global bedding market, Somnigroup employs a vertically integrated model—combining premium mattresses with direct-to-consumer and retail channels—to supply products to over 100 countries across North America, Europe and Asia.