07:39 AM EDT, 05/08/2025 (MT Newswires) -- Somnigroup International ( SGI ) reported Q1 adjusted earnings Thursday of $0.49 per diluted share, down from $0.50 a year earlier.

Analysts polled by FactSet expected $0.47.

Net sales for the quarter ended March 31 were $1.60 billion, up from $1.19 billion a year earlier.

Analysts surveyed by FactSet expected $1.63 billion.

For 2025, the mattress and bedding products manufacturer lowered adjusted EPS guidance to $2.30 to $2.65, from $2.60 to $3.00 previously. Analysts polled by FactSet expect $2.77.

The company said it is maintaining a quarterly cash dividend of $0.15 per share, payable on June 5 to shareholders of record as of May 22.

Shares of the company were down more than 7% in recent premarket activity.