Somnigroup Q3 adjusted EPS $1.04 vs. estimate of $1.05
SGI•Somnigroup reported Q3 adjusted EPS of $1.04 versus an estimate of $1.05, with sales of $2.40 billion versus an estimate of $2.426 billion. It forecast full-year adjusted EPS of $2.85-$2.95, below the $3.11 estimate.
1. Quarterly results and outlook
Somnigroup reported Q3 net income of $163.5 million, adjusted operating income of $364.2 million versus an estimate of $370.4 million, and adjusted net income of $228.9 million versus an estimate of $232.6 million. Adjusted gross margin was 43%, and EPS was $0.74. The company forecast full-year adjusted EPS of $2.85-$2.95 versus an estimate of $3.11.
