Somnigroup International Inc. reported full year 2024 net sales of $4.93 billion, a 0.1% increase from $4.92 billion in 2023. The company's profitability improved, with EBITDA rising 5.3% to $923.8 million and net income increasing 4.4% to $384.3 million.
The company's EBITDA margin expanded to 18.7% from 17.8%, and EBIT margin improved to 14.6%, demonstrating enhanced operational efficiency. Somnigroup also declared a first quarter cash dividend of $0.15 per share, representing a 15% increase, payable on March 20, 2025.
Looking ahead, Somnigroup issued strong financial guidance for full year 2025, projecting sales to jump over 50% to approximately $7.44 billion. This outlook includes an anticipated 37.8% increase in EBITDA to $1.27 billion and a 35.3% rise in EBIT to $976.2 million, reflecting the impact of the Mattress Firm acquisition.
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