Somnigroup International Reports Strong Q4 Earnings, Exceeding Expectations
LEXINGTON, Ky. (AP) - Somnigroup International Inc. (SGI) reported a strong fourth-quarter financial performance, surpassing Wall Street estimates.
Financial Results:
* Earnings: $71.9 million, translating to $0.40 per diluted share
* Adjusted Earnings: $0.60 per diluted share, excluding non-recurring costs
* Revenue: $1.21 billion
Comparable Performance:
* Earnings per share beat analysts' consensus estimate of $0.57 by 5%
* Revenue exceeded the Street forecast of $1.19 billion by 2%
Annual Results:
* Full-year earnings: $384.3 million, or $2.16 per diluted share
* Full-year revenue: $4.93 billion
Outlook:
* Somnigroup International projects full-year 2023 earnings in the range of $2.60 to $3.00 per share
Stock Report:
Access a Zacks stock report on SGI at https://www.zacks.com/ap/SGI